Listed by NAI Ruhl Commercial Company
$394,500
1030 Mound Street
Details
APN E0035-13B
Property Type Multifamily, Land
Sub Type Commercial, Apartment Building
Square Footage 4,230
Units 2
Year Built 1900
Buildings 1
Acreage 0.050
Zoning C-V (Village of East Davenport)
4,230 SF Mixed-Use | Iconic Deli Tenant | Renovated 2BR Apt | Heart of East Village Davenport
Investment highlights
- Exceptional investment opportunity in the heart of the Village of East Davenport. This 4,230 SF solid brick mixed-use building features a commercial space on the main level and a 2-bedroom, 2-bath apartment on the upper level. The main level is leased to Village Corner Deli (remaining open), a well-known and long-standing tenant that has operated at this location since 2007, providing stable income.
- The upper-level apartment is currently vacant for the listing period, offering immediate upside through lease-up or potential owner occupancy. The property benefits from a strong historical rental track record.
- Recent improvements include structural work, along with continued maintenance and updates over time, contributing to the overall condition and long-term stability of the asset.
- Ideally positioned in a prominent corner location, the property is just steps from a vibrant mix of shopping, wineries, pubs, restaurants, boutiques, and community events that define the Village of East Davenport.
- Location provides convenient access to downtown Davenport and Bettendorf, as well as quick connectivity to the Illinois Quad Cities via nearby bridges.
- Additional amenities include close proximity to the Riverfront Trail and the Channel Cat Water Taxi, enhancing both residential and commercial appeal.
- Village Corner Deli remains open and in operation and is not closing or relocating. Please allow a minimum of 24-hour notice for all showings and avoid lunch-hour showings due to business volume.
- Located in floodplain.
Listing Contacts
Listed by NAI Ruhl Commercial Company
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