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    813 2Nd St Davenport, IA 52802

    For Sale
    $350,000

    Vacant Convenience Store, High Potential

    Property size:
    5,106 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional retail property at 813 W 2nd St, Davenport, IA 52802, presents a unique investment opportunity. The 5,106 square foot building sits on a 0.73-acre lot and is zoned IMU. Currently vacant, the property offers significant upside potential. The building's history includes a former QCMart convenience store (1,540 sq ft), a vacant second-floor unit suitable for conversion to residential use, and a former Volkan Night Club space. The asking price is $350,000, translating to $68.55 per square foot. Ample parking is available with approximately 63 spaces. This prime location on West 2nd Street in Davenport, Scott County, Iowa offers high visibility and accessibility. The property's versatile layout and substantial size make it ideal for a variety of retail or mixed-use developments. Investors will appreciate the potential for significant returns through lease income or redevelopment. The large lot size also provides flexibility for future expansion or additional development. This is a rare opportunity to acquire a well-located, sizable property in a growing area. Serious inquiries are encouraged.

    Property Features for 813 2Nd St

    General Information

    Property type
    Individual retail properties
    Square Feet
    5,106 SF
    Lot Size
    31,799 SF

    HighLights

    • 5,106 SF retail building on a 0.73‑acre lot in Davenport, IA.
    • Zoned IMU, currently vacant, offering significant redevelopment potential.
    • Asking price: $350,000 ($68.55/SF).
    • Features ample parking (approx. 63 spaces) and high visibility on W 2nd St.
    • Versatile layout suitable for retail or mixed‑use development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store 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
    -90.5850872
    Latitude
    41.5210019

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    FAQs

    What type of property is this?
    Individual retail property - Vacant Convenience Store, High Potential
    Where is this individual retail property located?
    The property is located at 813 2Nd St Davenport, IA.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: 5,106 SF retail building on a 0.73-acre lot in Davenport, IA.; Zoned IMU, currently vacant, offering significant redevelopment potential.; Asking price: $350,000 ($68.55/SF).
    Request Owner's contact information
    813 2Nd St Davenport, IA 52802
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    Davenport, IA 52802
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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
    813 2Nd St Davenport, IA 52802
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