225 2Nd StDavenport, IA 52801

Property Details for 225 2Nd St

Year built

1915

Lot size

0.22 AC

Property size (Sq ft)

35,262 SF

Property type

Retail properties

Property subtype

Retail space

APN

L0016A17A

APU

L0016A17A

Description

This exceptional 160-square-foot commercial space is located at 225 E 2nd Street in Davenport, Iowa, zip code 52801. Situated within the revitalized Bucktown Lofts, this single-tenant property offers a unique blend of historic charm and modern convenience. The space is part of a larger development featuring 21 residential units above and 7 other commercial spaces on the ground floor. The property type is classified as Land, Office, and Retail, with a C-D zoning designation and APN L0016A17A. The building itself boasts recently completed renovations, including a new HVAC system, roof, and tuckpointing, ensuring a comfortable and efficient workspace. Original hardwood floors have been meticulously restored, adding to the space's character and appeal. Leases are gross, with tenants responsible for a pro-rata share of electricity and water costs. This first-floor location provides excellent visibility and accessibility. This is an ideal opportunity for a small business seeking a unique and well-maintained space in a thriving urban setting. The property is located at 41.5210148 latitude and -90.5714349 longitude.

• CAP approach

  CAP return

  Valuation

  6%

  $9,359,450

  6.5%

  $8,639,492

  7%

  $8,022,386

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,021,374

  Geo Method

  $11,574,046

• Alternative Use

  Use

  Valuation

  Residential

  $7,287,735

  Hospitality

  $6,675,526

  Educational

  $5,553,959

  Medical

  $5,744,968

  Retail

  $8,639,492

Location Insight

City

Davenport

County

Scott

State

Iowa

Latitude

41.521

Longitude

-90.5714

CBSA code

19340

CBSA name

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

Property Tax & Assessments

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