246 3rd St, Davenport, IA 52801-1902
- Turn key restaurants
- 14,154 SF
- 0.10 lot acres
Current Use by Public Records
- Landmark Apartments / Apartment Building
- Valley Health Services / Community Health Centre
- Smashing Dealz / Marketing & Advertising / Advertising Agency
Property Details for 246 3rd St
- Year built
- 1840
- Lot size
- 0.10 lot acres
- Property type
- Turn key restaurants
- APN
- L0007-16A
- APU
- L000716A
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Apr 3, 2025 | — | 2mk Berg Revival LLC | — | Deed · related | $1.2M · Midwest Bank |
| Mar 25, 2021 | — | 246 W 3rd Street Cooperative | — | Deed · related | $1.6M · Dubuque Bank & Trust Co |
| Mar 20, 2020 | — | 246 W 3rd Street Cooperative | — | Deed · related | $25k · Ocbi Bank & Trust |
Description
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.
Value Estimations
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $608,000
Market price range: $335k - $1.41M -
Alternative Use
- Use
- Estimation
- WAREHOUSE, STORAGE
- $1,005,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Davenport
- County
- Scott
- State
- Iowa
- Longitude
- -90.5768
- Latitude
- 41.5226
- CBSA code
- 19340
- CBSA name
- DAVENPORT-MOLINE-ROCK ISLAND, IA-IL METROPOLITAN STATISTICAL AREA
