1521 Grant StBettendorf, IA 52722

Property Details for 1521 Grant St

Year built

2020

Lot size

2.01 AC

Property size (Sq ft)

67,439 SF

Property type

Office buildings

APN

8428642011

APU

8428642011

Description

This exceptional four-story mixed-use commercial building, totaling 13,191 square feet, presents a unique investment opportunity in the heart of the Quad Cities. Strategically located on a 2.01-acre lot (87,555 square feet) immediately east of the new I-74 bridge at the first Iowa interchange, this property benefits from unparalleled visibility and accessibility. Boasting nearly 250 parking spaces, the building enjoys exceptional daily traffic counts of approximately 100,000 vehicles on I-74. The ground floor currently houses a 3,425 square foot branch bank leased to TBK Bank, a 4,400 square foot restaurant, and 5,391 square feet of available neighborhood commercial/retail space. The second and third floors are also leased to TBK Bank. Currently available are two spaces: approximately 1,851 and 2,516 square feet on the first floor, and approximately 2,500 square feet on the fourth floor. Completed in June 2021, the remaining space is ready for tenant build-outs, offering flexibility for various businesses. The property is zoned C and located in Scott County. This is a rare chance to secure a prominent position in a thriving commercial corridor.

• CAP approach

  CAP return

  Valuation

  6%

  $12,176,912

  6.5%

  $11,240,226

  7%

  $10,437,353

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,846,622

  Geo Method

  $8,783,930

• Alternative Use

  Use

  Valuation

  Residential

  $13,937,881

  Hospitality

  $12,767,024

  Educational

  $10,622,014

  Medical

  $10,987,321

  Retail

  $16,523,133

Location Insight

City

Bettendorf

County

Scott

State

Iowa

Latitude

41.5256

Longitude

-90.5109

CBSA code

19340

CBSA name

DAVENPORT-MOLINE-ROCK ISLAND, IA-IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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