1181 Franklin StEldridge, IA 52748

  • Warehouses
  • 47,300 SF
For Sale
$3,150,000 View listing

Property Details for 1181 Franklin St

Year built
1996
Lot size
3.68 AC
Property size (Sq ft)
47,300 SF
Property type
Warehouses
APN
9311552041
APU
9311552041

Description

This exceptional 47,300-square-foot industrial warehouse, situated on a 3.68-acre lot in Eldridge, Iowa, presents a compelling investment opportunity. The single-story, 1996-built structure boasts a spacious layout, including a 3,660-square-foot office area and a 3,660-square-foot mezzanine (not included in the total square footage) ideal for additional storage. The property features four loading docks and nine drive-in doors, ensuring efficient loading and unloading operations. The building's ceiling height ranges from 18 to 22 feet, providing ample vertical space. Infrastructure for cold/refrigeration is in place in designated areas, adding versatility to potential uses. The property is zoned C - Commercial and is currently vacant, allowing for immediate occupancy. Its strategic location offers easy access to Highway 61 and is only four miles from Interstate 80, providing excellent regional connectivity. This well-maintained warehouse presents a rare opportunity to acquire a substantial industrial property in a prime location within the Quad Cities area. The asking price is $3,150,000.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $9,775,675
    Hospitality
    $8,954,466
    Educational
    $7,450,010
    Medical
    $7,706,228
    Retail
    $11,588,905

Location Insight

City
Eldridge
County
Scott
State
Iowa
Latitude
41.657
Longitude
-90.5696
CBSA code
19340
CBSA name
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$54,932
$472,500
$1,864,200
$2,336,700
-
$472,500
$1,864,200
$2,336,700

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