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2020 E Locust St 6,776 SF Retail Building Davenport, IA 52803 $859,031 ($126.78/SF)
Executive Summary
Former O’Reilly Auto Parts | Value-Add Retail + Excess Land | Davenport, IA
Description:
Former O’Reilly Auto Parts retail building available for sale in a high-visibility corridor in Davenport, Iowa. This 6,776 SF steel-frame building, constructed in 2001, sits on a total of 3.21 acres and offers a compelling value-add or owner-user opportunity.
The property features approximately 1.56 acres of improved site area with an additional 1.65 acres of excess land, creating significant upside potential for future development. The adjacent parcel is currently zoned R-
MF (Multi-Family Residential), allowing for a variety of compatible uses including residential, mixed-use, or limited commercial applications.
Located along E Locust Street with traffic counts of approximately 17,800 vehicles per day, the site offers excellent exposure and accessibility.
The building is currently vacant and ready for repositioning. A previously crushed sewer line has been fully repaired and is now functional, removing a major prior concern for buyers.
This offering is priced below assessed value, presenting an attractive basis compared to both replacement cost and market comps.
Property Highlights:
6,776 SF retail building (former auto parts store)
Built in 2001 | Steel frame construction
3.21 total acres
1.56 acres improved
1.65 acres excess land
Zoned Commercial + adjacent R-MF (Multi-Family)
Traffic count: ~17,800 VPD
Concrete parking lot (~19,200 SF)
1 overhead door (6’ x 7’)
Vacant – immediate occupancy
Sewer line repaired and fully operational
Priced below assessed value ($912,190)
Financials:
Price: $859,031
Taxes: $27,720/year
Investment Highlights:
Below-market basis vs. recent comparable sales
Strong redevelopment or adaptive reuse potential
Excess land creates additional value and exit strategies
Ideal for owner-user, investor, or developer
Located in established retail corridor in Davenport
Note: Had a crushed sewer line and that is now repaired and fully functional.
Taxes: $27,720 / yr.
Bonus adjacent lot currently zoned for multi-family.
Assessor Site: https://beacon.schneidercorp.com/Application.aspx?AppID=1024&LayerID=21532&PageTypeID=4&PageID=9191&Q=1962953889&KeyValue=D0063-11
Description:
Former O’Reilly Auto Parts retail building available for sale in a high-visibility corridor in Davenport, Iowa. This 6,776 SF steel-frame building, constructed in 2001, sits on a total of 3.21 acres and offers a compelling value-add or owner-user opportunity.
The property features approximately 1.56 acres of improved site area with an additional 1.65 acres of excess land, creating significant upside potential for future development. The adjacent parcel is currently zoned R-
MF (Multi-Family Residential), allowing for a variety of compatible uses including residential, mixed-use, or limited commercial applications.
Located along E Locust Street with traffic counts of approximately 17,800 vehicles per day, the site offers excellent exposure and accessibility.
The building is currently vacant and ready for repositioning. A previously crushed sewer line has been fully repaired and is now functional, removing a major prior concern for buyers.
This offering is priced below assessed value, presenting an attractive basis compared to both replacement cost and market comps.
Property Highlights:
6,776 SF retail building (former auto parts store)
Built in 2001 | Steel frame construction
3.21 total acres
1.56 acres improved
1.65 acres excess land
Zoned Commercial + adjacent R-MF (Multi-Family)
Traffic count: ~17,800 VPD
Concrete parking lot (~19,200 SF)
1 overhead door (6’ x 7’)
Vacant – immediate occupancy
Sewer line repaired and fully operational
Priced below assessed value ($912,190)
Financials:
Price: $859,031
Taxes: $27,720/year
Investment Highlights:
Below-market basis vs. recent comparable sales
Strong redevelopment or adaptive reuse potential
Excess land creates additional value and exit strategies
Ideal for owner-user, investor, or developer
Located in established retail corridor in Davenport
Note: Had a crushed sewer line and that is now repaired and fully functional.
Taxes: $27,720 / yr.
Bonus adjacent lot currently zoned for multi-family.
Assessor Site: https://beacon.schneidercorp.com/Application.aspx?AppID=1024&LayerID=21532&PageTypeID=4&PageID=9191&Q=1962953889&KeyValue=D0063-11
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,776 SF
Building Class
B
Year Built
2001
Price
$859,031
Price Per SF
$126.78
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
3.21 AC
Zoning
C-409
Fairly walkable
50/100
Very drivable
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | D0063-11 | Total Assessment | $912,190 |
| Land Assessment | $496,770 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $415,420 | Tax Year | 2025 |
Property Taxes
Parcel Number
D0063-11
Land Assessment
$496,770
Improvements Assessment
$415,420
Total Assessment
$912,190
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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2020 E Locust St
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