NOT LISTED FOR SALE
Studio
-- Bath
-- Sq Ft
0.57 Acres Lot

Sale Details

Date Sold: October 5, 2022

Last sale price $435,000

426 Days on Market

About This Home

As of October 2022

Very cool opportunity awaits. 1950's built industrial 21,780 square foot, 2 story building in downtown Davenport. Property offers about 25 off street parking spaces, second level grade level access off alley way, potential for a roof top patio or expansion space. Loading dock, overhead door and freight elevator to second level that is currently being utilized as cold storage. Property currently occupied by tenant that is relocating subject to a pending rezoning and therefore available sometime 4th quarter. Use is non conforming, in Hub zone and URTE district. Recently painted exterior. Office, street retail and multi family as possible adaptive re uses of the property. Please do not disturb tenant's business.

Last Agent to Sell the Property

Ted Rebitzer

Quad Cities Iowa Realty - Davenport License #B38620000/475.137470 Listed on: 06/03/2021

Quad Cities Iowa Realty - Davenport

Co-Listed By

Andy Doyle

Quad Cities Iowa Realty - Davenport License #S42125000/475.135212

Last Buyer's Agent

Peter Stopulos

NAI Ruhl Commercial Company License #S44257000

NAI Ruhl Commercial Company

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $10,828

Year Built

  • Built in 1944

Lot Details

  • 0.57

Utilities

  • Heating System Uses Gas

Listing and Financial Details

  • The owner pays for all

Property Details

Property Type

Other

Est. Annual Taxes

$10,828

Year Built

Built in 1944

Lot Details

0.57 Acres

Listing Details

  • Class: Commercial/Cie
  • Type: Commercial/Cie
  • Sub Type: Multi-Family, Office, Other, Retail, Warehouse
  • Lvt Date: 06/03/2021
  • Year Built: 1944
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete
  • Total Building Sq Ft: 21780
  • Estimated Lot Sq Ft: 24867

Exterior Features

  • Exterior Finish: Block
  • Frontage Access: City Street, Paved 2Lane
  • Insulation: Unknown
  • Roof Construction: Comp Roll, Membrane
  • Wall Construction: Block

Utilities

  • Electric Company: Mid Am
  • Cooling: Office Only
  • Heating: Gas
  • Water Supply: Municipal/City
  • Gas Company: Mid Am
  • Water Company: IA American

Association/Amenities

  • Amenities: Computer Cabling

Lot Info

  • Estimated Number of Acres: 0.57
  • Zoning: C-D
  • Estimated Land Size: 191.8 x 149.1
  • Irregular Lot: Yes
  • Lot Size Remarks: See attached survey
  • Property Use: Flex Space, Office Showroom, Other Property Use, Freestanding Building, Office Building, Street Retail

Rental Info

  • Owner Pays: All
  • Sale Lease Includes: Building, Land
  • Tenant Pays: N/A
  • Terms Lease: N/A

Tax Info

  • Annual Taxes: 10828
  • Parcel Id Number Tax Id: F0064-24A
  • Tax Incentive: In City Limit, Hub Zones, Other Tax Incentive, Tax Abatemnt
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 3, 2021
Closed on
Oct 4, 2022
Sold by
Sheffield Properties Of Illinois Inc
Bought by
206 Partners Llc
Seller's Agent
Ted Rebitzer
Quad Cities Iowa Realty - Davenport
Buyer's Agent
Peter Stopulos
NAI Ruhl Commercial Company
List Price
$595,000
Sold Price
$435,000
Premium/Discount to List
-$160,000
-26.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$480,000
Outstanding Balance
$457,812
Interest Rate
5.55%
Mortgage Type
New Conventional
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
206 Partners Llc $435,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 206 Partners Llc $480,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/05/2022 10/05/22 Sold $435,000 0.0% --
06/01/2022 06/01/22 Off Market $435,000 -- --
06/03/2021 06/03/21 For Sale $595,000 -- --
Source: RMLS Alliance

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $12,202 $778,040 $74,880 $703,160
2024 $12,333 $387,890 $29,950 $357,940
2023 $14,315 $387,890 $29,950 $357,940
2022 $10,986 $365,470 $29,950 $335,520
2021 $10,986 $365,470 $29,950 $335,520
2020 $10,828 $365,470 $29,950 $335,520
2019 $9,694 $343,510 $29,950 $313,560
2018 $6,210 $343,510 $29,950 $313,560
2017 $5,770 $252,830 $29,950 $222,880
2016 $7,982 $304,600 $0 $0
2015 $7,982 $304,600 $0 $0
2014 $9,152 $304,600 $0 $0
2013 $11,568 $0 $0 $0
2012 -- $304,600 $55,700 $248,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: RMLS Alliance

MLS Number: QC4222372

RMLS Alliance

APN: F0064-24A

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