Property profile

400 Main St Davenport, IA 52801

OFF-MARKET
Investment properties
Property ID
US25-0579113
35,142 SF 0.61 ac lot Built 1905
Entity Owned Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

Executive Square, a vibrant mixed-use property situated in the heart of Davenport, IA, presents a compelling investment opportunity. This 45,627 square foot building sits on a 0.7-acre lot at 400 Main Street and offers a diverse portfolio of 32 units, perfectly blending residential and commercial spaces. The residential component comprises 25 apartments, thoughtfully divided into 11 studios, 6 one-bedroom units, and 8 two-bedroom units, catering to a wide range of tenants. Complementing the residential units are 7 thriving commercial spaces, including 4 retail units and 3 office units, providing a steady stream of income from diverse sources. The property's prime downtown location offers excellent visibility and accessibility, attracting both residents and businesses. This well-established mixed-use building presents a rare opportunity to acquire a substantial and diversified income-generating asset in a thriving urban environment. The asking price for this exceptional property is $3,495,000. This represents a significant opportunity for investors seeking a strong return on investment in a desirable and rapidly developing area. The property's diverse tenant base and strategic location ensure a stable and potentially growing income stream. Detailed financial information and property reports are available upon request.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1905
Total area 35,142 SF
Lot 0.61 ac (26,490 SF)
APN G0058-12A
UPID US25-0579113

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Insurance Agency
  • Insurance Agency
  • Alternative Medicine Practice Spa & Massage Center
  • Insurance Agency
  • Medical Clinic

Location

400 Main St Davenport, IA 52801-1417
Davenport metro Census 10900 DAVENPORT-MOLINE-ROCK ISLAND, IA-IL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.80M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.84M
Blend (final) Blend
$2.76M

Owner & transaction history

since 2026
Last sale
$2.6M
4 recorded transactions
2026
Price N/A
2026
$937,000
2021
$2.6M
2020
Price N/A

Zoning & alternative use

Top alternative use upside
Office building $3.6M +89.8%
Neighborhood: shopping center $3.0M +56.8%
Restaurant $2.8M +44.4%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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