431 Lake Park BlvdMuscatine, IA 52761

Property Details for 431 Lake Park Blvd

Year built

1986

Lot size

1.41 AC

Property size (Sq ft)

16,380 SF

Zone code

M1-LIGHT INDUSTRIAL

Property type

Office buildings

APN

825126029

APU

825126029

Description

Lake Park Plaza, located at 431 Lake Park Blvd in Muscatine, IA 52761, offers prime executive office space for lease. This single-story, Class B building, constructed in 1986, boasts a total of 16,380 square feet situated on a 1.41-acre lot. Currently, there is 3,714 square feet of vacant space available, divisible into units ranging from 1,200 to 3,714 square feet. The property is classified as both retail and office, with a subtype of Executive Office and Neighborhood Center, making it ideal for a variety of businesses. The building features ample parking for tenants and is conveniently located near the intersection of Lake Park Blvd and 22nd Ave in Muscatine County. This is a multi-tenant building with one suite currently available. The property presents a unique opportunity for businesses seeking flexible and well-located office space in a thriving community. Interested parties should inquire about lease terms and availability for the vacant space. The property's convenient location and ample parking make it an attractive option for businesses seeking a comfortable and accessible workspace.

• CAP approach

  CAP return

  Valuation

  6%

  $4,382,330

  6.5%

  $4,045,227

  7%

  $3,756,282

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,276,985

  Geo Method

  $1,276,985

• Alternative Use

  Use

  Valuation

  Residential

  $5,016,082

  Hospitality

  $4,594,704

  Educational

  $3,822,740

  Medical

  $3,954,210

  Retail

  $5,946,484

Location Insight

City

Muscatine

County

Muscatine

State

Iowa

Latitude

41.4479

Longitude

-91.0351

CBSA code

34700

CBSA name

MUSCATINE, IA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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