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Listed by Shawn Langanof NAI Ruhl Commercial Company
$ 995,000
Est. payment | /mo
9,108 SqFt
$ 995,000
Est. payment | /mo
9,108 SqFt
Key Details
Property Type Commercial
Sub Type Retail/Stores
Listing Status Active
Purchase Type For Sale
Square Footage 9,108 sqft
Price per Sqft $109
MLS Listing ID QC4260324
Year Built 2003
Annual Tax Amount $35,530
Lot Size 1.800 Acres
Property Sub-Type Retail/Stores
Property Description
Approximately 9,108 SF strip center investment opportunity for sale. Sheridan Square features five suites with only one vacancy. The property is ideally located off the highly traveled 53rd Street, just minutes from I-74 and I-80, providing direct access to the surrounding Quad Cities and regional hubs. Its close proximity to Highway 61 allows for convenient north-south travel throughout the region, while its location near key commercial corridors ensures high visibility and steady traffic flow. A 24x24 garage at the rear of the property, along with an additional lot, offers opportunities to add another building or expand parking. The complex also includes a large, easily accessible parking lot with ample spaces in both the front and rear, complemented by prominent monument signage for tenant exposure. With strong tenant retention, room for growth, and the property assessed at an 8.40% cap rate, Sheridan Square represents an exceptional opportunity for investors looking to expand their portfolio.
Location
State IA
County Scott
Zoning C-2
Interior
Cooling Central Air
Flooring Carpet, Other, Tile
Fireplace N
Exterior
View Y/N true
Roof Type Membrane
Building
Water Municipal Water
Structure Type Brick,Block,Stucco,Vinyl Siding,Frame
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