2108 11Th StDavenport, IA 52803

Property Details for 2108 11Th St

Year built

1860

Lot size

0.20 AC

Property size (Sq ft)

6,040 SF

Property type

Turn key restaurants

APN

E0030-30B

APU

E003030B

Description

This exceptional investment opportunity encompasses a thriving, established restaurant located at 2108 E 11th Street in Davenport, Iowa's vibrant "Village of East Davenport." The 12,835 square foot property, built in 1860, sits on a 0.29-acre lot (APN: E0030-30B, E0030-31, E0030-27) and is zoned for commercial use. The turnkey operation includes all owned equipment, eliminating leasing concerns. The restaurant, known as "11th Street Precinct Bar & Grill," features a diverse menu including burgers, pizza, pasta, and salads, complemented by twenty beers on tap. Further enhancing its appeal are two private party rooms, a heated outdoor patio, and a furnished one-bedroom apartment. This offering extends beyond the restaurant itself, encompassing additional commercial buildings and two apartments situated at 2114 11th Street and 1109 Mound Street. The asking price is $2,600,000. Note that the square footage and tax assessments reflect the inclusion of these additional properties. This presents a unique opportunity to acquire a profitable, established business with significant real estate holdings in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,603,173

  6.5%

  $1,479,852

  7%

  $1,374,148

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,545,264

  Geo Method

  $1,982,509

• Alternative Use

  Use

  Valuation

  Residential

  $1,248,310

  Hospitality

  $1,143,446

  Educational

  $951,333

  Medical

  $984,051

  Retail

  $1,479,852

Location Insight

City

Davenport

County

Scott

State

Iowa

Latitude

41.5313

Longitude

-90.5462

CBSA code

19340

CBSA name

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

Property Tax & Assessments

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