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Class A Office Units
For Lease
$9.33 SF/Yr

331 W 3RD Street #202, Davenport, IA 52801

Flexible downtown suites offer private offices, meeting rooms, break areas, open workspaces, secured entry, and elevator access.

Space Size1,905 SF - 25,582 SF
Days on Market780

Property Features for 331 W 3RD Street #202

General Information

Standard status Active
Size 1,905 SF - 25,582 SF
Net Rentable 1,905 SF
Class A
Elevators Yes

Space & Availability

Available Space 1,905-25,582 SF
Floor 1-2
Space Use Office

Taxes and HOA fees

Annual Taxes $65,082

Amenities

common area lobby
secured access

Building Details

Building Size 25,582 SF
Year Built 2004
Listing Agency: NAI Ruhl Commercial Company
Listed By: Richard Schaefer · License #S32803000/475.140021
Source: Birdrealtysells
Added: Jun 20, 2024 Changed: Aug 5 Last Checked: Aug 8 at 11:41AM

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.

The New Ventures Building provides Class A office units across its first and second floors, with approximately 1,905 SF to 25,582 SF available. Suite layouts include private offices, conference rooms, break rooms, and open work areas, allowing for varied workplace configurations. Shared amenities include a lobby, controlled building access, and elevator service. Constructed in 2004, the property supports professional office users seeking a finished downtown setting.

The building occupies the southeast corner of W. 3rd and Ripley Street in Downtown Davenport. A municipal parking ramp directly adjacent to the property provides ample parking, while the corner position places the office space within the downtown market.

Key Highlights

  • Approximately 1,905 SF to 25,582 SF available across the 1st and 2nd floors
  • Class A office building constructed in 2004
  • Private offices, conference rooms, break rooms, and open workspace

Property Analytics

Current Use

SCORE Business Networking Company Quad Cities Chamber ... Business Service Center Greater Davenport Redevelopment ... Charitable Organization Parking Ramp Parking Lot & Garage Open Software Solutions (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Storage Facility Auto Parts Store Electrical Service (Bike/Boat/Book/etc) Store Butcher Locksmith

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
$1.40 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,370
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

$18.24 /SF/Yr
Avg Asking Price
$8–$129 /SF/Yr
Price Range
7,072 SF
Avg Space Size

This space is priced 49% below the average of $18.24 /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 downtown suites offer private offices, meeting rooms, break areas, open workspaces, secured entry, and elevator access.
Where is this office units located?
The property is located at 331 W 3RD Street #202 Davenport, IA.
What is the lease rate?
The lease rate is $9.33 SF/Yr.
What are key features of this property?
This property features: Approximately 1,905 SF to 25,582 SF available across the 1st and 2nd floors; Class A office building constructed in 2004; Private offices, conference rooms, break rooms, and open workspace
More about this property
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