Historic Mixed-Use Office
212 N Brady Street Davenport, IA 52801
212 N Brady Street, Davenport, IA, 52801
$8,325,000
For Sale
$8,325,000
Seven-story corner building combines fully occupied apartments with 64,120 sq. ft. of commercial space.
Property Size87,000 SF
Price / SF$95.69
Days on Market325
Property Features for 212 N Brady Street
General Information
- Standard status
- Active
- Size
- 87,000 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1922
Listing agency
(563) 349-3030
Listed by
Hawkeye Commercial Real Estate
(563) 349-3030
Source
Xome
Added: Sep 1, 2025 Updated: Jul 22 at 7:38AM Checked: Jul 22 at 7:38AM
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 Hawkeye Commercial Real Estate
Investment Insights
Based on property information with market context.
This historic seven-story mixed-use building is situated on a corner lot and has been fully remodeled. It includes two floors of apartments totaling 20 units, which are described as fully occupied at market rates, with unit sizes ranging from 870 sq. ft. to 1,683 sq. ft. The property also contains 64,120 sq. ft. of commercial space and offers a full basement of approximately 14,460 sq. ft.
The building is listed as well located in downtown Davenport and is provided with an existing TIF that will transfer to new ownership with the sale. The property is zoned C-D.
With its combined residential and commercial footprint, the building presents an operating mixed-use profile under one roof, supported by the stated current occupancy for the residential portion.
The building is listed as well located in downtown Davenport and is provided with an existing TIF that will transfer to new ownership with the sale. The property is zoned C-D.
With its combined residential and commercial footprint, the building presents an operating mixed-use profile under one roof, supported by the stated current occupancy for the residential portion.
Key Highlights
- Seven‑story downtown Davenport corner mixed‑use building with 2 floors of apartments (20 total) fully occupied
- 64,120 sq. ft. of commercial space in the same building
- Apartment unit sizes range from 870 sq. ft. to 1,683 sq. ft., all at market rates
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 | $1.37M | $15.72 |
| − Vacancy | −$95.7k | −$1.10 |
| EGI | $1.27M | $14.62 |
| − OpEx | −$572.4k | −$6.58 |
| NOI | $699.5k | $8.04 |
87,000 SF · lease $15.72/SF/yr · vacancy 7.00% · expense 45.00%
Alternative Uses
Best Use
Office B
$14.09M
$12.33M – $16.44M
NOI $986,580 @ 7.0% cap · market cap 11.85%
Second Best
Mixed Use
$11.88M
$10.39M – $13.85M
NOI $831,285 @ 7.0% cap · market cap 9.99%
Theoretical Best
Office A
$18.78M
$16.43M – $21.91M
NOI $1,314,438 @ 7.0% cap · market cap 15.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
CONTAX, Inc. SAP ...
(Bike/Boat/Book/etc) Store
HUB International
Insurance Agency
Cottingham & Butler
Insurance Agency
LogiFlow
Freight Service
Parker Building Elevator
Construction Company
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Seven-story corner building combines fully occupied apartments with 64,120 sq. ft. of commercial space.
Where is this mixed-use property located?
The property is located at 212 N Brady Street Davenport, IA.
What is the asking price?
The asking price for this property is $8,325,000.
What are key features of this property?
This property features: Seven‑story downtown Davenport corner mixed‑use building with 2 floors of apartments (20 total) fully occupied; 64,120 sq. ft. of commercial space in the same building; Apartment unit sizes range from 870 sq. ft. to 1,683 sq. ft., all at market rates
