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    321 Locust St Davenport, IA 52803

    Sponsored
    For Lease
    $26 SF/Yr

    Prime Davenport location, build-to-suit potential.

    Lot size:
    20,720 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 20,720 square foot commercial land parcel in Davenport, Iowa, presents a unique investment opportunity. Located at 321 W Locust Street, this property boasts a highly visible location on a major thoroughfare, directly across from St. Ambrose University's campus, with over 3,000 students. The site is conveniently situated near key intersections, providing easy access to Locust, Brady, and Harrison Streets. Surrounded by established businesses including Aldi, Walgreens, Village Inn, and Kwik Shop, this location ensures high traffic and visibility. The level, well-drained lot features existing utilities, simplifying development. Zoned C Commercial, the property is ideal for a variety of uses, with a proposed build-to-suit option for a strip center or mixed-use building ranging from 4,250 to 8,600 square feet. The site's size allows for flexibility in design and development, catering to diverse business needs. For a vanilla shell build-to-suit, rental rates are projected between $26 and $35 per square foot. The property's APN is G0006-51. This is a rare chance to acquire a prime commercial land parcel in a thriving Davenport neighborhood. Don't miss this opportunity to capitalize on the high demand for commercial space in this area.

    Property Features for 321 Locust St

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    20,720 SF
    Total Rate
    44893.33

    Building Details

    Buildings
    1

    Unit(s) available at that property

    Space
    Size
    8,600 SF
    Rate per SF
    $26
    Space
    Size
    0 SF
    Rate per SF
    $26

    HighLights

    • 20,720 SF commercial land parcel in Davenport, IA.
    • Highly visible location on W Locust Street, across from St. Ambrose University.
    • Convenient access to major thoroughfares and surrounded by established businesses.
    • Level, well‑drained lot with existing utilities; C‑Commercial zoning.
    • Build‑to‑suit options (4,250‑8,600 SF) available; projected rental rates $26-$35/SF.
    • APN: G0006‑51.
    Property Profile Location Intelligence

    Current Use by Public Records

    Images Of You Photography Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Davenport
    County
    Scott
    State
    Iowa
    Longitude
    -90.5781564
    Latitude
    41.5380896

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    FAQs

    What type of property is this?
    Land - Prime Davenport location, build-to-suit potential.
    Where is this land located?
    The property is located at 321 Locust St Davenport, IA.
    What is the lease rate?
    The lease rate is $26 SF/Yr.
    What are key features of this property?
    This property features: 20,720 SF commercial land parcel in Davenport, IA.; Highly visible location on W Locust Street, across from St. Ambrose University.; Convenient access to major thoroughfares and surrounded by established businesses.
    Request Owner's contact information
    321 Locust St Davenport, IA 52803
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    Davenport, IA 52803
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    321 Locust St Davenport, IA 52803
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