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    Property profile & analytics
    OFF-MARKET Estimated value $880,000
    Retail space

    221 2nd St, Davenport, IA 52801-1601

    12,269 SF 0.22 ac lot Built 1915
    Entity Owned 7-yr Hold Absentee Owner Free & Clear
    Property ID
    US25-0038245
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a mixed-use commercial property located at 221 E 2nd Street, Davenport, IA 52801. The property consists of a single building situated on a land parcel in the heart of Davenport, Iowa. Currently, the building is fully leased to five separate business tenants, generating a consistent rental income stream. The property's strategic location offers excellent visibility and accessibility, making it an attractive proposition for both current and future tenants. The asking price for this lucrative investment is $999,000. This represents a significant opportunity to acquire a well-established commercial property with a proven track record of generating rental income. The property's diverse tenant base mitigates risk and ensures a stable income flow. Further details regarding the individual leases and tenant information are available upon request. This property is classified as Land, Office, and Retail, offering a versatile platform for a variety of commercial uses. The property's location in Scott County, Iowa, provides access to a thriving local economy and a strong consumer base. This is a rare chance to acquire a high-performing commercial property in a desirable location. Serious inquiries are encouraged to explore this promising investment opportunity further. The property is ready for immediate ownership and income generation.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1915
    Total area 12,269 SF
    Lot 0.22 ac (9,600 SF)
    APN L0016A18
    UPID US25-0038245
    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
    • Backwater CrossFit Gym & Fitness Center
    • The Wellness Nook Alternative Medicine Practice Spa & Massage Center
    • Trolley Pub Quad Cities Tour Operator (Bike/Boat/Book/etc) Store
    • Scott Ryder, Exit Realty Fireside Real Estate Agency
    • Jake Stoltenberg, Exit Realty Fireside Real Estate Agency
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $819k
    Blend (final) Blend
    $880k
    Owner & transaction history
    Pay Phones Unlimited INC · 7 yrs held
    Pay Phones Unlimited INC
    since 2018
    3 recorded transactions
    2025
    2019
    2018
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Office building $1.3M +42.4%
    Neighborhood: shopping center $1.1M +17.6%
    Restaurant $965,000 +8.3%
    Try Rey
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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