NOT LISTED FOR SALE

2504 53rd Ave Bettendorf, IA 52722

Estimated Value: $3,432,974

-- Bed
-- Bath
3,700 Sq Ft
$928/Sq Ft Est. Value

About This Home

As of January 2020

Highly visible restaurant space with "kitchen ready" improvements. High traffic counts along 53rd Ave. Adjacent to business and medical parks, with high income demographics within 3-5 miles. Space will be available as of 1-1-20.

Last Agent to Rent the Property

Jeffrey Miller

J Miller Commercial Real Estate Services License #B23667000/475.130408 Listed on: 11/08/2019

Last Renter's Agent

Jeffrey Miller

J Miller Commercial Real Estate Services License #B23667000/475.130408 Listed on: 11/08/2019

Property Details

Property Type

  • Other

Year Built

  • Built in 1995

Lot Details

  • 2

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for real estate taxes, insurance, common area maintenance, janitorial, trash, snow/lawn, gas, electric, heating, cooling, water/sewer
  • The owner pays for structural maintenance

Property Details

Property Type

Other

Year Built

Built in 1995

Lot Details

0

Rental Info

  • Lease Dollar Sq Ft: 18
  • Owner Pays: Structural Maintenance
  • Sale Lease Includes: Building, Land
  • Tenant Pays: Real Estate Taxes, Insurance, Common Area Maint, Janitorial, Trash, Snow/Lawn, Gas, Electric, Heating, Cooling, Water/Sewer
  • Terms Lease: 5 Years, Other Term/Lease

Listing Details

  • Class: Commercial/Cie
  • Type: Commercial/Cie
  • Sub Type: Retail
  • Year Built: 1995
  • Handicap Modified: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete
  • Other Access: None
  • Total Building Sq Ft: 11042
  • Estimated Lot Sq Ft: 87120

Exterior Features

  • Exterior Finish: Brick, Stucco
  • Frontage Access: Paved 4Lane, Corner Lot, City Street
  • Insulation: Roof, Side Walls
  • Roof Construction: Membrane
  • Wall Construction: Other Wall Construction

Garage/Parking

  • Numberparking Spaces Allocated: 25

Utilities

  • Cooling: Central Air
  • Heating: Forced Air, Gas
  • Water Supply: Private Well

Lot Info

  • Estimated Number of Acres: 2
  • Zoning: C-2
  • Geo Subdivision: IA
  • Property Use: Other Property Use, Strip Center

Tax Info

  • Annual Taxes: 59376
  • Parcel Id Number Tax Id: 840921252
  • Estimated Taxes Sq Ft: 5.38
  • Tax Incentive: None
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 20, 2021
Sold by
Sri Hanuman Llc
Bought by
Chabad Lubavitch Of The Quad Cities Inc
Current Estimated Value
$3,432,974

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,900,000
Outstanding Balance
$2,662,563
Interest Rate
2.98%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$770,411
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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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
Chabad Lubavitch Of The Quad Cities Inc $2,900,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chabad Lubavitch Of The Quad Cities Inc $2,900,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/07/2020 01/07/20 Rented $52,325 -21.4% --
11/08/2019 11/08/19 For Rent $66,600 -- --
Source: RMLS Alliance

Tax History Compared to Growth

Source: Public Records

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 $69,096 $2,448,500 $992,200 $1,456,300
2024 $73,820 $2,425,400 $992,200 $1,433,200
2023 $59,244 $2,549,600 $1,048,300 $1,501,300
2022 $58,699 $2,102,700 $1,200,000 $902,700
2021 $58,528 $2,102,700 $1,200,000 $902,700
2020 $59,840 $2,103,180 $1,200,000 $903,180
2019 $59,376 $2,103,180 $1,200,000 $903,180
2018 $60,813 $2,103,180 $1,200,000 $903,180
2017 $63,429 $2,103,180 $1,200,000 $903,180
2016 $62,826 $2,176,370 $0 $0
2015 $62,736 $1,989,630 $0 $0
2014 $58,534 $1,989,630 $0 $0
2013 $63,382 $0 $0 $0
2012 -- $1,653,620 $700,000 $953,620
Source: Public Records

Agents Affiliated with this Home

  • Jeffrey Miller

    Landlord's Agent in 2020

    Jeffrey Miller

    J Miller Commercial Real Estate Services

    (563) 441-2130

    4 Total Sales

    Jeffrey Miller
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Map

Source: RMLS Alliance

MLS Number: RMAQC7041402

RMLS Alliance

APN: 840921252

Iowa Scott County Bettendorf 52722

2504 53rd Ave, Bettendorf, IA

This home is located at 2504 53rd Ave, Bettendorf, IA 52722 since 08 November 2019 and is currently priced at $3,432,974. This property was built in 1995. 2504 53rd Ave is a home located in Scott County with nearby schools including Grant Wood Elementary School, Bettendorf Middle School, and Bettendorf High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

RMLS Alliance IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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