Historic Storefront
For Sale
$950,000
203 N Cody Rd, Le Claire, IA 52753
The building was most recently occupied by Sneaky Pete's restaurant.
Property Size7,046 SF
Price / SF$134.83
Days on Market8
Property Features for 203 N Cody Rd
General Information
Standard status
Active
Size
7,046 SF
Building Details
Year Built
1850
Listing Agency:
Mel Foster Co. Commercial
Listed By:
Thad Denhartog, SIOR · License #B39654000/471.002649
(563) 324-4488
Source:
Bktchicago
Added: Sep 30
Changed: Oct 4
Last Checked: Oct 6 at 12:08AM
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 Mel Foster Co. Commercial
Investment Insights
Based on property information with market context.
Built in 1850, this storefront property is in downtown LeClaire along Cody Road. Its most recent occupancy was Sneaky Pete's restaurant.
The property sits within a walkable riverfront district near the Mississippi River, with dining, retail, entertainment, and tourism activity in the surrounding area.
The property sits within a walkable riverfront district near the Mississippi River, with dining, retail, entertainment, and tourism activity in the surrounding area.
Key Highlights
- Built in 1850
- Most recently occupied by Sneaky Pete's restaurant
- Located in downtown LeClaire's walkable riverfront district
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,242
Cap Rate
7.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,404,840
$1.4M
Cap Rate 7%
$1,003,457
$1.0M
Cap Rate 9%
$780,467
$780.5K
Market Conditions
NOI Build-Up for 7,046 SF
Gross rent
$109.1K $15.48/SF
− Vacancy
−$8.7K −$1.24/SF
EGI
$100.3K $14.24/SF
− OpEx
−$30.1K −$4.27/SF
NOI
$70.2K $9.97/SF
Area
Scott County, IA
Vacancy
8.00%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,404,840
Cap Rate 7%
$1,003,457
Cap Rate 9%
$780,467
Alternative Uses
Best Use
Specialty Retail
$1.25M
$1.09M – $1.46M
NOI $87,511 @ 7.0% cap · market cap 9.21%
Second Best
Retail
$1.00M
$878.0K – $1.17M
NOI $70,242 @ 7.0% cap · market cap 7.39%
Theoretical Best
Industrial
$5.73M
$5.01M – $6.68M
NOI $400,763 @ 7.0% cap · market cap 42.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
332
Businesses Nearby
5k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 62%
Dining 38%
Le Claire
Shops & Services
3,282 visits/mo
0.1 miles
Happy Joe's
Dining
2,048 visits/mo
0.1 miles
Demographics for 52753, IA
6,176
Population
2,489
Households
2.5
Avg Household Size
41
Median Age
38%
College-Educated
96%
High-School Grad
24.7 sq mi
ZIP Area
250
Density / Sq Mi
$100,122
Median Household Income
$56,594
Median Earnings
$1,120
Median Rent
$306,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Cody Rose Flower Co. — 423 N Cody Rd, Le Claire, IA 52753
Frequently Asked Questions
What type of property is this?
Storefront property - The building was most recently occupied by Sneaky Pete's restaurant.
Where is this storefront property located?
The property is located at 203 N Cody Rd Le Claire, IA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Built in 1850; Most recently occupied by Sneaky Pete's restaurant; Located in downtown LeClaire's walkable riverfront district
