1601 Harrison St Davenport, IA 52803-4809
This exceptional investment opportunity presents a 1920-built commercial property situated on a large lot at 1601 N Harrison Street, Davenport, Iowa, 52803. The property includes one building on a single floor, currently generating a monthly rental income of $1,500 under a yearly lease. Tenants are responsible for all utilities (electric, gas, water, and sewer). The asking price for this land is $140,000. This represents a strong return on investment, particularly considering the potential for further development or expansion given the size of the lot. The property's location in Davenport, Iowa offers convenient access to local amenities and transportation networks. Note that adjacent properties, including 1605 Harrison Street and a large rear lot, are also available for purchase separately. This presents a unique opportunity to acquire a significant land holding in a desirable location. The property's solid rental income stream makes it an attractive option for investors seeking a stable and profitable addition to their portfolio. Serious inquiries are encouraged to explore this promising investment opportunity further.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.