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Property profile & analytics
FOR LEASE
Office buildings

1521 Grant St Bettendorf, IA 52722

67,439 SF 2.01 ac lot Built 2020
Entity Owned 5-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US25-0401152
Property summary
AI-generated overview

This exceptional four-story mixed-use commercial building, totaling 13,191 square feet, presents a unique investment opportunity in the heart of the Quad Cities. Strategically located on a 2.01-acre lot (87,555 square feet) immediately east of the new I-74 bridge at the first Iowa interchange, this property benefits from unparalleled visibility and accessibility. Boasting nearly 250 parking spaces, the building enjoys exceptional daily traffic counts of approximately 100,000 vehicles on I-74. The ground floor currently houses a 3,425 square foot branch bank leased to TBK Bank, a 4,400 square foot restaurant, and 5,391 square feet of available neighborhood commercial/retail space. The second and third floors are also leased to TBK Bank. Currently available are two spaces: approximately 1,851 and 2,516 square feet on the first floor, and approximately 2,500 square feet on the fourth floor. Completed in June 2021, the remaining space is ready for tenant build-outs, offering flexibility for various businesses. The property is zoned C and located in Scott County. This is a rare chance to secure a prominent position in a thriving commercial corridor.

Property profile
Verified
Property type Office buildings
Use group PROFESSIONAL BUILDING
Year built 2020
Total area 67,439 SF
Lot 2.01 ac (87,643 SF)
APN 8428642011
UPID US25-0401152
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • TBK Bank Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$7.48M
Comparable Approach Comparable
$14.46M
Blend (final) Blend
$10.99M
Owner & transaction history
Mbga LLC · 5 yrs held
Mbga LLC
since 2021
1 recorded transaction
2021
$2.4M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $11.9M +0.4%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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