1724 Locust St Davenport, IA 52804-2220
This exceptional commercial property, known as 5 Point Center, presents a unique investment opportunity for savvy entrepreneurs. The property consists of two buildings situated on a single-tenant parcel of land totaling 1,020 square feet, zoned for commercial use. Its prime location at the northwest corner of the 5 Points intersection ensures high visibility and significant foot traffic, ideal for a retail business or salon. The property includes ample parking with 55 spaces available for customers and employees. While the buildings require some cosmetic interior updates, the strong location and existing infrastructure offer substantial potential for immediate return. The property's Assessed Parcel Number (APN) is A0061-22A. This is a single-tenant property with one suite across the two buildings. The high volume of businesses in the immediate area further enhances the property's appeal. This is a rare chance to acquire a well-positioned commercial property with significant upside potential in a thriving business district. The property's strategic location and ample parking make it an attractive option for a variety of commercial uses. The existing buildings provide a solid foundation for a quick start-up or renovation project. Don't miss this chance to capitalize on this prime commercial real estate opportunity.
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Dunkin' Cafe & Coffee Shop
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Check Into Cash Bank Credit Union
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Western Union Bank Credit Union
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.