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    2940 53Rd St Davenport, IA 52807

    Sponsored
    For Lease
    $21 SF/Yr

    Prime retail space in thriving Davenport location. High visibility, easy I-74 access.

    Lot size:
    23,282 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail opportunity encompasses 1,500 square feet of vacant space within the 23,282-square-foot Pheasant Creek Crossing Shopping Center, situated at the high-traffic corner of 53rd Street and Elmore in Davenport, Iowa. The property boasts excellent visibility and accessibility, enjoying a prime location within a major retail corridor and a rapidly developing area of the Quad Cities. The single-building property, constructed in 1998, features a total of ten parking spaces for customer convenience. The building itself is constructed of block and glass, with concrete flooring, central air conditioning, and forced-air heating. The property sits on a 2.3-acre corner lot, offering ample space and high visibility. The zoning is PDD. The property's convenient location provides easy access to Interstate 74, ensuring high traffic flow and exposure to a large customer base. The annual property tax amount was $205,228 in 2021. Public sewer and municipal water are available. This space is ideal for a variety of retail uses, making it a compelling investment opportunity in a dynamic market. The property's parcel numbers are Y0817-02M & Y0817-03J.

    Property Features for 2940 53Rd St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    23,282 SF
    Total Rate
    40743.5

    Building Details

    Year Built
    1998
    Buildings
    1

    Unit(s) available at that property

    Space
    Size
    1,552 SF
    Rate per SF
    $21

    HighLights

    • 23,282 SF retail building on 2.3 acres.
    • 1,500 SF of vacant retail space available.
    • Located in Pheasant Creek Crossing Shopping Center at a high‑traffic corner with I‑74 access.
    • 10 parking spaces.
    • Built in 1998; features central air, forced air heat, and a membrane roof.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -90.5304533
    Latitude
    41.5755304

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    FAQs

    What type of property is this?
    Retail property - Prime retail space in thriving Davenport location. High visibility, easy I-74 access.
    Where is this retail property located?
    The property is located at 2940 53Rd St Davenport, IA.
    What is the lease rate?
    The lease rate is $21 SF/Yr.
    What are key features of this property?
    This property features: 23,282 SF retail building on 2.3 acres.; 1,500 SF of vacant retail space available.; Located in Pheasant Creek Crossing Shopping Center at a high-traffic corner with I-74 access.
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    2940 53Rd St Davenport, IA 52807
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    Davenport, IA 52807
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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
    2940 53Rd St Davenport, IA 52807
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