1828 Locust StDavenport, IA 52803

Property Details for 1828 Locust St

Year built

1999

Lot size

1.15 AC

Property size (Sq ft)

7,448 SF

Property type

Office buildings

APN

D0064-32A

APU

D006432A

Description

This exceptional two-story office building, located at 1828 E Locust Street in Davenport, Iowa, 52803, presents a unique investment opportunity at an asking price of $725,000. The property features convenient elevator service, catering to diverse business needs. The lower level offers a well-appointed reception/waiting area and multiple private offices, ideal for client interaction and individual workspaces. The upper level provides a more open layout, perfect for collaborative work environments, highlighted by a spacious conference room and additional private offices. This versatile design accommodates a range of office configurations, making it suitable for executive suites, medical practices, or traditional office setups. Situated within Davenport's Central City URTE, this building benefits from excellent visibility and accessibility. The single building structure simplifies management and maintenance, offering a streamlined ownership experience. This property represents a compelling investment opportunity in a thriving Iowa location. The building's adaptable floor plan and central location make it an attractive option for a variety of businesses seeking a well-maintained and conveniently located office space. The property is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $1,344,825

  6.5%

  $1,241,377

  7%

  $1,152,707

• Comparable approach

  Method

  Valuation

  Relative Method

  $756,145

  Geo Method

  $970,102

• Alternative Use

  Use

  Valuation

  Residential

  $1,539,307

  Hospitality

  $1,409,997

  Educational

  $1,173,101

  Medical

  $1,213,446

  Retail

  $1,824,824

Location Insight

City

Davenport

County

Scott

State

Iowa

Latitude

41.5388

Longitude

-90.549

CBSA code

19340

CBSA name

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

Property Tax & Assessments

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