Mixed-Use Building with Deli
1030 Mound Street Davenport, IA 52803
1030 Mound Street, Davenport, IA, 52803
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For Sale
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Mixed-use property with an iconic deli tenant and a renovated 2BR apartment.
Property Size4,230 SF
Price / SF$93.26
Days on Market817
Property Features for 1030 Mound Street
General Information
- Standard status
- Active
- Size
- 4,230 SF
- Property subtype
- Multifamily, Land
Building Details
- Year Built
- 1900
Listing agency
NAI Ruhl Commercial Company
(563) 355-4000
Listed by
Shawn Langan · License #475162291
Source
Crexi
Added: Apr 27, 2024 Updated: Jul 22 at 10:03AM Checked: Jul 22 at 10:03AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Ruhl Commercial Company
Investment Insights
Based on property information with market context.
This 4,230 SF mixed-use property features an existing deli tenant and a renovated 2-bedroom apartment. The current configuration is designed to combine street-level commercial use with residential income in one building.
Located at 1030 Mound Street in Davenport, IA 52803, the property is positioned for everyday accessibility in a central setting.
The offering includes the combination of the deli tenancy and the renovated 2BR unit within the overall mixed-use footprint, creating a straightforward live-and-earn style structure.
Located at 1030 Mound Street in Davenport, IA 52803, the property is positioned for everyday accessibility in a central setting.
The offering includes the combination of the deli tenancy and the renovated 2BR unit within the overall mixed-use footprint, creating a straightforward live-and-earn style structure.
Key Highlights
- 4,230 SF mixed‑use property
- Iconic deli tenant
- Renovated 2BR apartment
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $66.5k | $15.72 |
| − Vacancy | −$4.7k | −$1.10 |
| EGI | $61.8k | $14.62 |
| − OpEx | −$27.8k | −$6.58 |
| NOI | $34.0k | $8.04 |
4,230 SF · lease $15.72/SF/yr · vacancy 7.00% · expense 45.00%
Alternative Uses
Best Use
Specialty Retail
$686.5K
$600.7K – $800.9K
NOI $48,054 @ 7.0% cap · market cap 12.18%
Second Best
Apartment 5plus
$485.9K
$425.2K – $566.9K
NOI $34,012 @ 7.0% cap · market cap 8.62%
Theoretical Best
Office A
$913.0K
$798.9K – $1.07M
NOI $63,909 @ 7.0% cap · market cap 16.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Macclellan Beef & Pro
Take-out & Catering
Tyson Fresh Meats
Discount Store
Village Corner Deli
Food Market
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Mixed-use property with an iconic deli tenant and a renovated 2BR apartment.
Where is this conventional restaurant located?
The property is located at 1030 Mound Street Davenport, IA.
What is the asking price?
The asking price for this property is $394,500.
What are key features of this property?
This property features: 4,230 SF mixed‑use property; Iconic deli tenant; Renovated 2BR apartment
