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    321 Locust St Davenport, IA 52803

    Sponsored
    For Sale
    $550,000

    0.73-acre lot, prime Davenport location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 0.73-acre commercial land parcel, located at 321 W Locust Street in Davenport, Iowa (zip code 52803), presents a unique investment opportunity. The property, designated by APN G0006-51, boasts a highly desirable location on West Locust Street, a major thoroughfare with a daily traffic volume of 17,700 vehicles. Its strategic placement directly across from St. Ambrose University, a campus with over 3,000 students, ensures high visibility and accessibility to a substantial population base. The site itself is level, well-drained, and equipped with readily available utilities, simplifying development. Zoned for Class C commercial use, this versatile property is ideally suited for a variety of developments. A proposed build-to-suit plan envisions a strip center or mixed-use building ranging from 4,250 to 8,600 square feet, with projected rental rates of $26 to $35 per square foot for a vanilla shell. The area offers excellent convenience, with nearby establishments including Aldi, Walgreens, Village Inn, and Kwik Shop. This prime location, combined with its size and zoning, makes this property an attractive prospect for investors seeking high-return potential in a thriving Davenport commercial district. The total land area is 31,958 square feet. The asking price for this exceptional opportunity is $550,000.

    Property Features for 321 Locust St

    General Information

    Property type
    Land
    Lot Size
    31,799 SF

    HighLights

    • 31,958 SF vacant land parcel.
    • High‑traffic location on West Locust Street (17,700 VPD).
    • Across from St. Ambrose University (3,000+ students).
    • Located in a densely populated area of Davenport, IA.
    • Level site with utilities available.
    • Near Aldi, Walgreens, Village Inn, and Kwik Shop.
    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 - 0.73-acre lot, prime Davenport location.
    Where is this land located?
    The property is located at 321 Locust St Davenport, IA.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: 31,958 SF vacant land parcel.; High-traffic location on West Locust Street (17,700 VPD).; Across from St. Ambrose University (3,000+ students).
    (563) 823-5113
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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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