221 2nd St, Davenport, IA 52801-1601
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.
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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.