960 53Rd StDavenport, IA 52807

Property Details for 960 53Rd St

Year built

1981

Lot size

0.07 AC

Property size (Sq ft)

659 SF

Property type

Office buildings

APN

X1221-26B

APU

X122126B

Description

This exceptional commercial property at 960 53rd Street in Davenport, Iowa, offers a variety of flexible office spaces for lease. The single-tenant building, encompassing 1,298 square feet, is zoned C-206 and features one building with a total of one suite. Individual units are available, starting at $400 per month with a one-year minimum lease and the possibility of a multi-year extension. Unit 2A, for example, boasts 679 square feet of space, including all utilities. Each unit offers a private entrance and locking door, ensuring security and privacy. Interior features include brand new LED lighting, attractive new ceramic tile floors, and a convenient stackable washer and dryer. A shared fireplace graces the main waiting area, and the restroom is equipped with extra vanities and sinks, meeting Department of Public Health (DPH) standards. Ample parking is available in the newly resurfaced parking lot. The property benefits from a high-traffic location on 53rd Street, enhanced by a prominent marquee sign, and enjoys proximity to grocery stores, shopping centers, and restaurants. Multiple rooms and/or units are available to accommodate various business needs. The property's APN is X1221-26I. This is an ideal opportunity for businesses seeking a well-maintained, conveniently located office space in a thriving area.

• CAP approach

  CAP return

  Valuation

  6%

  $118,990

  6.5%

  $109,837

  7%

  $101,992

• Comparable approach

  Method

  Valuation

  Relative Method

  $66,904

  Geo Method

  $85,835

• Alternative Use

  Use

  Valuation

  Residential

  $136,198

  Hospitality

  $124,757

  Educational

  $103,796

  Medical

  $107,366

  Retail

  $161,461

Location Insight

City

Davenport

County

Scott

State

Iowa

Latitude

41.5748

Longitude

-90.5625

CBSA code

19340

CBSA name

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

Property Tax & Assessments

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