3425 Locust StDavenport, IA 52807

Property Details for 3425 Locust St

Year built

1981

Lot size

2.53 AC

Property size (Sq ft)

25,157 SF

Property type

Office buildings

APN

N2902B15

APU

N2902B15

Description

This exceptional 3,024 sq. ft. commercial property is situated at the highly visible corner of E Locust Street and Kimberly Road in East Davenport. The single-tenant space, located within a well-maintained building, offers convenient access to I-74, connecting businesses to the entire Quad Cities region. Ample parking and elevator service to the second-floor suite are key features, enhanced by key fob access for added security. The versatile layout includes an open floor plan, large private offices, a spacious kitchenette, and a substantial filing/storage room. Expansive windows provide abundant natural light, creating a bright and productive work environment. Common area restrooms are easily accessible. The C-T zoning allows for a variety of business uses, making this a perfect location for companies seeking high visibility and convenient access to major transportation routes. The property features one building with one suite and is identified by APN N2902B15. This high-traffic location offers excellent exposure and is ideal for businesses seeking a prominent presence in the East Davenport area. The property includes land, office, and retail space, making it a truly versatile investment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $4,542,395

  6.5%

  $4,192,980

  7%

  $3,893,482

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,554,019

  Geo Method

  $3,276,699

• Alternative Use

  Use

  Valuation

  Residential

  $5,199,295

  Hospitality

  $4,762,526

  Educational

  $3,962,366

  Medical

  $4,098,638

  Retail

  $6,163,680

Location Insight

City

Davenport

County

Scott

State

Iowa

Latitude

41.5379

Longitude

-90.5234

CBSA code

19340

CBSA name

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

Property Tax & Assessments

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