Historic Redstone Building Restaurant
For Sale
Contact for pricing
131 W 2ND Street, Davenport, IA 52801
Restaurant space in downtown Davenport's iconic Redstone Building.
Property Size22,912 SF
Price / SF$14.84
Days on Market738
Property Features for 131 W 2ND Street
General Information
Standard status
Active
Size
22,912 SF
Class
B
Property subtype
Retail, Office
Zoning
C-D
Listing Agency:
NAI Ruhl Commercial Company
(563) 823-5127
Listed By:
Shawn Langan · License #475162291
Source:
Crexi
Added: Aug 1, 2024
Changed: Aug 8
Last Checked: May 12 at 10:06PM
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 first-floor condominium for sale is located in the historic Redstone Building and is currently home to The Lemonade Stand Restaurant, which is open and operational. The property offers an investment opportunity or potential for owner-occupancy. It is suited for a restaurant, bar, QSR, coffee shop, or other service-related businesses. The location is in the heart of Downtown Davenport, within walking distance of theaters, hotels, bars, restaurants, shops, and the Mississippi River. The space features an open floor layout suitable for dining, a large bar area, a stage area, and kitchen space. An additional basement portion includes a full kitchen with a walk-in cooler and freezer. The main level of the building also hosts the Garrison Restaurant, while the 2nd and 4th floors feature office businesses. The building is serviced by an elevator, with city ramp and covered parking adjacent to the south. This condo unit will be subdivided and parceled off into a new condo unit that will be approximately 3,703 square feet, including a portion of the basement.
Key Highlights
- Prime downtown Davenport location, walk to theaters, hotels, restaurants, and the Mississippi River.
- Open floor layout, great for a restaurant, bar, or coffee shop.
- Fully equipped basement kitchen includes a walk‑in cooler and freezer.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,418
Businesses Nearby
4k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 79%
Electronics 21%
DoubleTree by Hilton Davenport
Hotels & Casinos
3,463 visits/mo
0.1 miles
Metro by T-Mobile
Electronics
912 visits/mo
0.5 miles
Demographics for 52801, IA
1,446
Population
1,162
Households
1.2
Avg Household Size
36
Median Age
23%
College-Educated
89%
High-School Grad
0.4 sq mi
ZIP Area
3,615
Density / Sq Mi
$22,217
Median Household Income
$20,219
Median Earnings
$927
Median Rent
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant space in downtown Davenport's iconic Redstone Building.
Where is this conventional restaurant located?
The property is located at 131 W 2ND Street Davenport, IA.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: Prime downtown Davenport location, walk to theaters, hotels, restaurants, and the Mississippi River.; Open floor layout, great for a restaurant, bar, or coffee shop.; Fully equipped basement kitchen includes a walk‑in cooler and freezer.
