628 Harrison St Davenport, IA 52803-5216

This exceptional mixed-use property, located at 628 N Harrison St in Davenport, Iowa, presents a unique investment opportunity. The 10,969 square foot building sits on a 0.55-acre lot and is currently vacant, offering a blank canvas for redevelopment. Zoned C-2, this property boasts significant potential. Pre-existing plans outline 14 ground-level commercial units and 7 residential units, maximizing income streams. Further enhancing its appeal, the property comes with secured grants and credits totaling $920,000, significantly reducing development costs. The asking price is $245,000, translating to a price per square foot of $22.34. This historic building, known as Raphael's Emporium, is ideally situated in the heart of downtown Davenport, offering easy access to local amenities and a vibrant community. The single building comprises seven units, providing flexibility for various uses. This is a rare chance to acquire a substantial property with substantial financial incentives and significant redevelopment potential in a thriving Iowa city. Don't miss this chance to capitalize on this prime downtown location and its considerable upside.