221 2Nd StDavenport, IA 52801

Property Details for 221 2Nd St

Year built

1915

Lot size

0.22 AC

Property size (Sq ft)

12,269 SF

Property type

Retail properties

Property subtype

Retail space

APN

L0016A18

APU

L0016A18

Description

This exceptional investment opportunity presents a mixed-use commercial property located at 221 E 2nd Street, Davenport, IA 52801. The property consists of a single building situated on a land parcel in the heart of Davenport, Iowa. Currently, the building is fully leased to five separate business tenants, generating a consistent rental income stream. The property's strategic location offers excellent visibility and accessibility, making it an attractive proposition for both current and future tenants. The asking price for this lucrative investment is $999,000. This represents a significant opportunity to acquire a well-established commercial property with a proven track record of generating rental income. The property's diverse tenant base mitigates risk and ensures a stable income flow. Further details regarding the individual leases and tenant information are available upon request. This property is classified as Land, Office, and Retail, offering a versatile platform for a variety of commercial uses. The property's location in Scott County, Iowa, provides access to a thriving local economy and a strong consumer base. This is a rare chance to acquire a high-performing commercial property in a desirable location. Serious inquiries are encouraged to explore this promising investment opportunity further. The property is ready for immediate ownership and income generation.

• CAP approach

  CAP return

  Valuation

  6%

  $3,256,511

  6.5%

  $3,006,010

  7%

  $2,791,295

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,138,882

  Geo Method

  $4,027,054

• Alternative Use

  Use

  Valuation

  Residential

  $2,535,682

  Hospitality

  $2,322,671

  Educational

  $1,932,435

  Medical

  $1,998,894

  Retail

  $3,006,010

Location Insight

City

Davenport

County

Scott

State

Iowa

Latitude

41.521

Longitude

-90.5717

CBSA code

19340

CBSA name

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

Property Tax & Assessments

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