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765 Schmidt Rd - 765 Schmidt Rd 2.75 Acres of Commercial Land Offered at $650,000 in Davenport, IA 52802
Investment Highlights
- 2.75-acre cleared IOS yard with durable paving and electrical service.
- Located within the Quad Cities transportation hub, near major highways and Mississippi River crossings.
- Zoned I-2 Industrial, accommodating a wide range of logistics and storage uses.
- 0.8 ACRES OF CONCRETE, REMAINING YARD IS ASPHALT MILLINGS
- Immediate access to US 61, W. River Drive, and easy connection to I-280 for regional distribution.
- Long-term lease in place to American Trailer & Storage Inc., providing consistent cash flow.
Executive Summary
TENANT: AMERICAN TRAILER & STORAGE INC
LEASE EXPIRATION: APRIL 30, 2030
RENT: $57,600 ANNUALLY
LL LIABILITY: REAL ESTATE TAXES AND INSURANCE
PROJECTED NOI: $52,000
This 2.75-acre industrial outdoor storage site in Davenport, Iowa presents an exceptional opportunity for investors seeking a well-located, income-producing asset in the Quad Cities region. Located just north of US 61 and near W. River Drive, the property offers swift access to Interstate 280 and the broader regional transportation network. The site has undergone significant updates, including complete clearing of former structures and is finished with 0.8 acres of concrete surface plus asphalt millings across the remaining yard, creating a functional foundation for heavy industrial and logistics applications.
The property is currently leased to American Trailer & Storage Inc., a recognized leader in portable storage solutions across the Midwest, providing stable income. The lease runs through April 2030, generating $57,600 annually with an impressive projected NOI of $52,000 and an attractive offering price of $650,000 (8% CAP rate). Electrical hookups are available on site for enhanced utility access. This asset combines reliable tenancy, infrastructure readiness, and strategic positioning, making it a sound investment in a critical industrial corridor supported by strong regional connectivity.
Property Facts
| Price | $650,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Contractor Storage Yard |
| No. Lots | 1 | Total Lot Size | 2.75 AC |
| Property Type | Land | ||
| Zoning | I-2 - Industrial | ||
| Price | $650,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Contractor Storage Yard |
| Total Lot Size | 2.75 AC |
| Zoning | I-2 - Industrial |
1 Lot Available
Lot
| Price | $650,000 | Lot Size | 2.75 AC |
| Price Per AC | $236,363.64 |
| Price | $650,000 |
| Price Per AC | $236,363.64 |
| Lot Size | 2.75 AC |
Versatile IOS yard positioned just north of US 61/W. River Drive with quick access to I 280 and the broader Quad Cities transportation network.
Description
The site has been fully cleared following the removal of former structures, creating a level, open yard which was recently leased to American Trailer & Storage Inc. Zoned I 2 Industrial, the property supports a wide range of heavy industrial and logistics uses, making it a strong fit for users seeking functional outdoor storage with excellent regional connectivity. American Trailer & Storage Inc. (AT&S) is a Midwest-based provider of portable storage containers, semi-trailers, and ground-level office units, offering both rentals and sales. Founded in 1994 and headquartered in Kansas City, Missouri, the company focuses on fast delivery, flexible leasing options, and custom container modifications to serve industries such as construction, retail, education, warehousing, and transportation. AT&S operates multiple service locations across the central Midwest—including Kansas City, St. Louis, Omaha, Springfield, Des Moines, and Davenport—and emphasizes customer service, quick turnaround times, and tailored storage solutions.
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765 Schmidt Rd - 765 Schmidt Rd
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