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Property profile & analytics
OFF-MARKET Estimated value $610,000
Turn key restaurants

246 3rd St Davenport, IA 52801-1902

14,154 SF 0.1 ac lot Built 1840
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US25-1296967
Property summary
AI-generated overview

This exceptional turnkey bar or restaurant opportunity is situated on a highly visible corner lot at the intersection of Harrison Street and West 3rd Street in the heart of downtown Davenport. The property consists of two buildings totaling 3,200 square feet, perfect for a thriving food and beverage establishment. The single-tenant occupancy offers a streamlined operation, and the C-4 zoning allows for a variety of commercial uses. The property includes a dedicated parking lot, a significant advantage in a bustling downtown area. The current rental rate for the entire property is $3600 per month, offering a strong potential return on investment. This prime location ensures high foot traffic and excellent brand visibility, making it an ideal opportunity for an established business or a new venture seeking a prominent downtown presence. The property's unique corner location maximizes exposure to passing traffic, ensuring maximum visibility for your business. This is a rare opportunity to acquire a well-positioned, turnkey commercial property in a vibrant downtown setting. The APN is L0007-16A. This property is ready for immediate occupancy.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1840
Total area 14,154 SF
Lot 0.1 ac (4,182 SF)
APN L0007-16A
UPID US25-1296967
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
  • Landmark Apartments Apartment Building
  • Valley Health Services Community Health Centre
  • Smashing Dealz Marketing & Advertising Advertising Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$609k
Blend (final) Blend
$610k
Owner & transaction history
2mk Berg Revival LLC · 1 yrs held
2mk Berg Revival LLC
since 2025
3 recorded transactions
2025
Price N/A
2021
Price N/A
2020
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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