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Property profile & analytics
OFF-MARKET Estimated value $925,000
Strip malls

2222 53rd St Davenport, IA 52807-2789

20,264 SF 2.56 ac lot Built 2003
Entity Owned Absentee Owner Free & Clear
Property ID
US25-0719079
Property summary
AI-generated overview

This exceptional retail opportunity is located at 2222 E 53rd Street in Davenport, Iowa, within the desirable 53rd Street corridor. The property, built in 2003, boasts a total of 20,264 square feet across one building and features ample parking with 100 spaces. Currently, there is 1,200 square feet of vacant space available, ideal for a variety of retail uses. The property is zoned C-1 and has a Scott County APN of Y0719B02. The available space totals 4,180 square feet and is offered at a rate of $17.00 per square foot, NNN. This multi-tenant building benefits from excellent visibility and high traffic volume, estimated at 28,700 AADT. The property enjoys a strong anchor tenant, Grand TV and Appliance, contributing to a thriving retail environment. This location presents a unique opportunity for businesses seeking high visibility and a strong customer base in a well-established commercial area. The property's size and location make it an attractive option for a variety of retail concepts. The ample parking ensures convenient access for customers. The property's strategic location within the 53rd Street corridor offers significant advantages for businesses seeking high visibility and accessibility.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2003
Total area 20,264 SF
Lot 2.56 ac (111,600 SF)
APN Y0719B02
UPID US25-0719079
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
  • Infinty Ozone Industrial Manufacturer Production Facility
  • SIMCO Electric & Communications, Inc. General Contractor
  • SpeedConnect Telecommunications Service Data Center
  • Grand Appliance and TV Electronics & Wireless Store
  • Nerds To Go Computer Service Computer & Electronic Repair
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$695k
CAP Approach CAP
by Request
Comparable Approach Comparable
$722k
Blend (final) Blend
$925k
Owner & transaction history
MONTGOMERY LANDS
MONTGOMERY LANDS
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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