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1115 3Rd St Davenport, IA 52802

Sponsored
For Sale
$299,000

Prime Location, Multi-Family & Commercial

Description

Added:
Dec 11, 2024
Days on Market:
391
This exceptional three-story brick building, located at 1115 W 3rd Street in Davenport, Iowa, presents a unique investment opportunity. Boasting a total of 5,670 square feet on a 7,313 square foot lot, the property comprises approximately 1,890 square feet of commercial office space on the ground floor. The upper two floors feature two residential apartments: a two-bedroom, one-bathroom unit and a three-bedroom, one-bathroom unit, each with its own private deck (254 and 239 sq ft respectively). The commercial space is well-appointed with three private offices, a sizable conference room, restrooms, and ample counter space. Currently, the apartments are leased on a month-to-month basis. The building, constructed in 1900, benefits from a rear parking lot and abundant on-street parking. Zoned I-MU, this property offers a blend of income-generating potential from both commercial and residential tenants. A minimum 48-hour notice is required for showings. This is an excellent opportunity to acquire a well-maintained, mixed-use property in a desirable downtown location. The asking price is $299,000.

Property Features for 1115 3Rd St

General Information

Property type
Multifamily properties

Building Details

Year Built
1900
Buildings
1

HighLights

  • Exceptional three‑story brick building at 1115 W 3rd Street, Davenport, IA.
  • 5,670 square feet on a 7,313 square foot lot.
  • Ground floor features approximately 1,890 square feet of commercial office space with three private offices, a conference room, and restrooms.
  • Upper floors contain two residential apartments: a 2‑bedroom/1‑bathroom and a 3‑bedroom/1‑bathroom, each with a private deck.
  • Apartments are currently month‑to‑month leases.
  • Features rear parking lot and ample on‑street parking; zoned I‑MU.
Property Profile Location Intelligence

Current Use by Public Records

Tri-State Construction Services General Contractor

Suggested Use

Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Davenport
County
Scott
State
Iowa
Longitude
-90.5898834
Latitude
41.5221527

FAQs

What type of property is this?
Multifamily property - Prime Location, Multi-Family & Commercial
Where is this multifamily property located?
The property is located at 1115 3Rd St Davenport, IA.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Exceptional three-story brick building at 1115 W 3rd Street, Davenport, IA.; 5,670 square feet on a 7,313 square foot lot.; Ground floor features approximately 1,890 square feet of commercial office space with three private offices, a conference room, and restrooms.
More about this property
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