Property profile

118 4th St Davenport, IA 52801

OFF-MARKET
Turn key restaurants
Property ID
US25-2383216
5,120 SF 0.14 ac lot Built 1965
Entity Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 5,120 square foot turn-key restaurant and bar space is ideally situated in Davenport, Iowa's vibrant East corridor. Located at 118 E 4th Street, this single-tenant property boasts a highly visible location, neighboring the prestigious Hotel Blackhawk and new apartment complexes, ensuring high foot traffic and excellent visibility. The property is zoned C-D and features a flexible floor plan encompassing multiple dining areas, a large granite-topped bar, and a highly efficient kitchen layout. All furniture, fixtures, and equipment are included in the lease, making this a truly move-in ready opportunity. Significant capital improvements were completed in 2020, including a complete HVAC system overhaul, roof replacement, sprinkler system upgrade, electrical and plumbing updates, new windows and doors, and a full interior remodel. Recent additions include a new walk-in cooler and freezer, along with a 20-foot Ansul hood system, ensuring the highest standards of safety and efficiency. This property presents a rare opportunity for a restaurant or bar operator to establish themselves in a prime location within a thriving downtown area. The property's APN is G0057-10C. The building consists of one building with one suite.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1965
Total area 5,120 SF
Lot 0.14 ac (5,891 SF)
APN G0057-10C
UPID US25-2383216

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hotel & Motel Resort

Location

118 4th St Davenport, IA 52801
Davenport metro Census 10900 DAVENPORT-MOLINE-ROCK ISLAND, IA-IL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$235k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$280k

Owner & transaction history

since 2025
Last sale
$205,000
5 recorded transactions
2025
Price N/A
2025
Price N/A
2024
$370,000
2020
$205,000
2016
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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