1101 State StBettendorf, IA 52722

Property Details for 1101 State St

Year built

1915

Construction

FRAME

Lot size

1.09 AC

Property size (Sq ft)

2,780 SF

Property type

Retail properties

Property subtype

Retail space

APN

842958004

APU

842958004

Description

This exceptional mixed-use commercial property presents a rare investment opportunity in the heart of Bettendorf, Iowa. Strategically located on State Street, this 2.73-acre site boasts unparalleled visibility and accessibility, situated along the Mississippi River and adjacent to the newly constructed I-74 bridge. The property's prime location ensures easy access to both Iowa and Illinois, expanding potential customer reach. The substantial 46,326 square foot building offers significant versatility for a wide range of business ventures or redevelopment projects. The property comprises two parcels, providing ample space for expansion or future development. Benefit from the vibrant downtown Bettendorf environment, surrounded by a diverse mix of commercial, residential, and recreational establishments. This dynamic location creates a highly attractive environment for businesses and customers alike. This property offers a unique chance to be part of the ongoing growth and revitalization of downtown Bettendorf. The combination of its prime location, substantial building size, and significant acreage makes this an exceptional opportunity for investors and developers seeking a high-impact commercial investment. The asking price is $2,950,000.

• CAP approach

  CAP return

  Valuation

  6%

  $737,884

  6.5%

  $681,124

  7%

  $632,472

• Comparable approach

  Method

  Valuation

  Relative Method

  $711,231

  Geo Method

  $912,479

• Alternative Use

  Use

  Valuation

  Residential

  $574,553

  Hospitality

  $526,288

  Educational

  $437,865

  Medical

  $452,924

  Retail

  $681,124

Location Insight

City

Bettendorf

County

Scott

State

Iowa

Latitude

41.5246

Longitude

-90.5174

CBSA code

19340

CBSA name

DAVENPORT-MOLINE-ROCK ISLAND, IA-IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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