- For Sale $2,795,000
- Property Type Retail
- Property Size 38,826 SF
- Lot Size 6.17 Acre
- Date Updated Jul 22, 2026
Description
- ±38,800 SF multi-tenant retail center in Centerville, IA
- ±78% occupancy with stable, long-term tenants including Fridley Theatres (20+yr presence), River Hills Health (15+yrs), Subway (since 2007)
- Tenants provide essential health services and entertainment to the region
- Iowa Trust Savings ATM pad adds ancillary income
- Upside through leasing vacant in-line retail and warehouse space
- Major capital improvements have already been completed within last 3 years: new roof, parking lot resurfacing, HVAC upgrades
- NOI: ±$255,000 (9.1% Cap Rate)
False
Contacts
Josh Miller
Friedman Real Estate
Ryan Wilner
Friedman Real Estate
Andrew Ledger
Friedman Real Estate
Location
Contact Lake Center Mall