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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 8-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 · 8 yrs held
Pay Phones Unlimited INC
since 2018
3 recorded transactions
2025
Price N/A
2019
Price N/A
2018
Price N/A
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%
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