Property profile

225 2nd St Davenport, IA 52801

OFF-MARKET
Retail space
Property ID
US25-0135763
35,262 SF 0.22 ac lot Built 1915
Individually Owned 19-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 160-square-foot commercial space is located at 225 E 2nd Street in Davenport, Iowa, zip code 52801. Situated within the revitalized Bucktown Lofts, this single-tenant property offers a unique blend of historic charm and modern convenience. The space is part of a larger development featuring 21 residential units above and 7 other commercial spaces on the ground floor. The property type is classified as Land, Office, and Retail, with a C-D zoning designation and APN L0016A17A. The building itself boasts recently completed renovations, including a new HVAC system, roof, and tuckpointing, ensuring a comfortable and efficient workspace. Original hardwood floors have been meticulously restored, adding to the space's character and appeal. Leases are gross, with tenants responsible for a pro-rata share of electricity and water costs. This first-floor location provides excellent visibility and accessibility. This is an ideal opportunity for a small business seeking a unique and well-maintained space in a thriving urban setting. The property is located at 41.5210148 latitude and -90.5714349 longitude.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1915
Total area 35,262 SF
Lot 0.22 ac (9,600 SF)
APN L0016A17A
UPID US25-0135763

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Art Gallery
  • Art Museum Tourist Attraction
  • Association / Organization
  • Gym & Fitness Center
  • Art Gallery

Location

225 2nd St Davenport, IA 52801-1619
Davenport metro Census 10900 DAVENPORT-MOLINE-ROCK ISLAND, IA-IL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.42M
Blend (final) Blend
$760k

Owner & transaction history

since 2006
4 recorded transactions
2016
Price N/A
2006
$159,500
2005
$154,000
2005
$137,500

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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