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1601 3rd St Davenport, IA 52802-1139

OFF-MARKET Commercial real estate Google Maps
1,664 SF 0.13 ac lot Built 1900
Entity Owned Absentee Owner ~ Est. High Equity
Estimated value (blended)
$125k
Range $113k – $138k (±10%)
Property ID US25-0512204

Property summary

AI-generated overview

This 1,664 square foot commercial property located at 1601 W 3rd Street in Davenport, Iowa presents a fantastic opportunity for a new business owner. Situated on a busy one-way street, this location boasts high visibility and significant foot traffic, making it ideal for a restaurant or similar venture. The building sits on a 0.13-acre lot and has a list price of $190,000. The property has a rich history, having housed two successful pizza restaurants over the years, establishing a strong reputation within the Quad Cities area. Under current ownership since 2021, the property has undergone significant improvements. All mechanical systems have been updated to ensure efficiency and reliability. Furthermore, the addition of new fryers enhances the culinary capabilities of the space. A thorough inspection has been completed, confirming the building's compliance with all relevant building codes. This turnkey operation offers a seamless transition for a new owner, minimizing upfront investment and maximizing potential for immediate success. All fixtures, furniture, and equipment (FF&E) are negotiable, providing flexibility for the incoming business to customize the space to their specific needs. This is a rare opportunity to acquire an established and well-maintained commercial property in a prime Davenport location.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1900
Construction FRAME
Total area 1,664 SF
Lot 0.13 ac (5,700 SF)
APN K0005-34
UPID US25-0512204

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
  • Restaurant

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$130k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$125k

Owner & transaction history

since 2026
Last sale
$119,000
3 recorded transactions
2026
$150,000
2021
$119,000
2009
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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