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Third-Floor Office Condominium
For Lease
$9.95 SF/Yr

131 W 2ND Street #305, Davenport, IA 52801

Flexible shell space offers Mississippi River views, elevator service, card access, and tenant-directed interior buildout.

Space Size1,500 SF - 11,705 SF
Property Size79,573 SF
Days on Market2567

Property Features for 131 W 2ND Street #305

General Information

Standard status Active
Size 1,500 SF - 11,705 SF
Net Rentable 1,500 SF
Elevators Yes

Space & Availability

Available Space 1,500-11,705 SF
Contiguous Space 11,705 SF
Divisible Yes
Floor 3
Condition Shell
Sublease No

Lease Terms

TI Allowance $50 /SF
Lease Term 84 months

Taxes and HOA fees

Annual Taxes $25,818

Amenities

card access
river views

Building Details

Building Size 79,573 SF
Year Built 1887
Listing Agency: NAI Ruhl Commercial Company
Listed By: Shawn Langan · License #475162291
Source: Birdrealtysells
Added: Aug 3, 2019 Changed: Aug 11 Last Checked: Aug 11 at 7:05AM

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.

Located on the third floor of the Historic Redstone Building, this office condominium is offered in shell condition for interior completion to a tenant’s specifications. The space measures 1,500–11,705 SF and can be subdivided, providing flexibility within a landmark downtown commercial building. Recent common-area improvements, elevator service, and card access are in place, while views extend toward the Mississippi River.

The building’s main level includes two restaurants, with established businesses on the second and fourth floors. A city ramp and covered parking are adjacent to the south side of the property. The address is within walking distance of downtown Davenport theaters, hotels, bars, restaurants, shops, and the Mississippi River. The building was constructed in 1887, and the space may also accommodate residential condominium use.

Key Highlights

  • 1,500–11,705 SF of third‑floor space that can be subdivided
  • Shell condition allows interior buildout to tenant specifications
  • Mississippi River views from the third‑floor condominium

Property Analytics

Current Use

The Lemonade Stand Restaurant Restaurant Love Horoscope Psychic ... Spiritual Center Vantage Architects LLC Architecture Firm Estes Construction Construction Company

Suggested Use

Top Pick Storage Facility (Bike/Boat/Book/etc) Store Butcher Tech Support Center Electrical Service Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$1.49 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,418
Businesses Nearby

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

Lease Benchmarks for Davenport, IA

$16.19 /SF/Yr
Avg Asking Price
$6–$129 /SF/Yr
Price Range
7,287 SF
Avg Space Size

This space is priced 39% below the average of $16.19 /SF/Yr.

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office units - Flexible shell space offers Mississippi River views, elevator service, card access, and tenant-directed interior buildout.
Where is this office units located?
The property is located at 131 W 2ND Street #305 Davenport, IA.
What is the lease rate?
The lease rate is $9.95 SF/Yr.
What are key features of this property?
This property features: 1,500–11,705 SF of third‑floor space that can be subdivided; Shell condition allows interior buildout to tenant specifications; Mississippi River views from the third‑floor condominium
More about this property
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