765 Schmidt Rd - Commercial LAND FOR SALE


Davenport, IA 52802- West End119,790 SF
$650,000 USD
515-556-9168
765 Schmidt Rd, Davenport, IA for Sale
$650,000 USD
Commercial LAND - FOR SALE
1/8
119,790 SF

765 Schmidt Rd
Davenport, IA 52802
West End


HIGHLIGHTS

  • 2.75-acre cleared IOS yard with durable paving and electrical service.
  • 0.8 ACRES OF CONCRETE, REMAINING YARD IS ASPHALT MILLINGS
  • Located within the Quad Cities transportation hub, near major highways and Mississippi River crossings.
  • Immediate access to US 61, W. River Drive, and easy connection to I-280 for regional distribution.
  • Zoned I-2 Industrial, accommodating a wide range of logistics and storage uses.
  • Long-term lease in place to American Trailer & Storage Inc., providing consistent cash flow.

OVERVIEW

LEASE DETAILS 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.

FOR SALE DETAILS

PRICE

$650,000 USD

PRICE/ACRE

$236,364/AC

PRICE/SF

$5 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

765 Schmidt Rd

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Contractor Storage Yard

LAND ACRES

2.75 AC

LAND SF

119,790 SF

OFFSITE IMPROVEMENTS

Electricity

ZONING

I-2

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

515-556-9168

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515-556-9168

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