550 S Gear Ave - Storefront FOR SALE


West Burlington, IA 52655
$3,500,000 USD
305-308-5870
550 S Gear Ave, West Burlington, IA for Sale
$3,500,000 USD
Storefront - FOR SALE
1/16
null | 10.65% Cap Rate

550 S Gear Ave
West Burlington, IA 52655


HIGHLIGHTS

  • Repositioning or redevelopment opportunity
  • Value add high vacancy property with multiple opportunities

OVERVIEW

Looking for your next edge, AI/ML, or colocation deployment site in the Midwest? In the rush to scale AI/ML and GPU cloud, not every operator or REIT can afford to wait 3 years for greenfield sites. 400,000 SF powered shell on 36 acres 2.8 MW active today, 25 MW path validated with utility Power pricing ~$0.0629/kWh Zoned for digital infrastructure Fiber-served Existing income offsets hold costs It’s exactly the kind of adaptive reuse that bridges capital yield with AI deployment timelines — and yes, the math compares well to many multifamily models. City support regarding zoning Fiber nearby, utility open to multi-MW scale-up Minimal residential adjacency = close to zero NIMBY pushback This 400,000 SF enclosed regional mall (powered shell) sits on 36 acres of controlled, secure land and presents an immediate opportunity for hyperscale lease rollout, colocation infrastructure deployment, or strategic adaptive reuse. Whether you're a tech operator building forward inventory or an investor seeking cash-flow-to-conversion potential — this is a high-yield, high-surface-area play. Build-to-suit or master lease frameworks welcome Site is ideal for phased development tied to Work Order schedules Can accommodate hyperscale, AI/ML compute centers, GPU farms, or high-density racks with proper upgrades SNDA coordination and separable leases in place for clean title and deployment zones 36 Acres of Land – ample space for perimeter control, utility pads, cooling infrastructure, or phased expansion 400,000 SF Gross Area – with former anchor wings and high ceiling sections ideal for white space buildout Power & Fiber Proximity – regional utility access with substation adjacency and dark fiber corridors nearby. The property is located in a fiber-served corridor with access to regional ISPs and telecom infrastructure. Buyers are encouraged to verify dedicated dark fiber potential with preferred carriers. Zoning Flexibility – city shown support for light industrial / data infrastructure overlays; no entitlement gridlock Current Income – 40%+ leased with separable footprints for near-term hold or income-offset redevelopment Structural Capacity – load-bearing capacity designed for large-format retail; strong fit for mezzanine/stacking The 36-acre site supports phased data hall development, power scaling, or hybrid cloud edge deployment. Vacant wings allow for white space retrofit or anchor box demolition. Initial discussions with the city have been positive regarding rezoning for digital infrastructure, with potential eligibility for renewable energy integration or state-level tax incentives. No construction delay risk – use existing structure or partial demolition. Located in a low-latency, fiber-served Midwest zone with limited competition for power-available, hyperscale-adaptive land. Ideal for edge, colocation, or GPU compute facilities. High-acreage footprint, utility proximity, and entitlement flexibility create a rare deployment-ready alternative to congested Tier I markets. Tokenization-ready structure with existing cash flow Opportunity to lock in long-term infrastructure control in a low-barrier, pro-development municipality High visibility and highway access (logistics advantage)

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$9 USD /SF

CAP RATE

10.65%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Westland Mall

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Telecom Hotel/Data Hosting, Telecom Hotel/Data Hosting

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1977

SPRINKLERS

-

PARKING SPACES

2120

LAND DETAILS

LAND ACRES

36.22 AC

LAND SF

1,577,743 SF

ZONING

C-Commercial

APN/PARCEL ID

10-35-202-007,10-35-252-012

ASK ABOUT THIS PROPERTY

Ilona AntonovaRoyal Empire Realty, LLC.More Info
305-308-5870

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Ilona AntonovaRoyal Empire Realty, LLC.More Info
305-308-5870

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.