- For Sale $2,950,000
- Property Type Retail - Strip
- Property Size 39,300 SF
- Units 7
- Year Built 1975
- Date Updated Apr 19, 2024
Located in north side of Centerville, IA, just off HWY 5.NAI Iowa Realty Commercial is pleased to present an excellent investment opportunity, Lake Center Mall, a well-positioned neighborhood shopping center in Centerville, IA. The property offers a prime location with high visibility and attractive tenants. Including Cinema 4 Theater, River Hills Community Health Center, Indian Hills Community College, Kinetic Edge Physical Therapy, AeroCare, Subway and, an ATM operated by Iowa Trust & Savings Bank.
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Attachments
Highlights
- Offering Price: $2,950,000 ($75.06/PSF)
- Cap Rate: 9.0%
- Lot Size: 3.97 acres
- Zoning: C-1 Commercial
- Traffic Count: 7,700 VPD (2022 Iowa DOT)
- Sprinkler: Wet
- New Parking Lot - June 2023
- New Roof and HVAC units - Fall 2023
False
Contacts
Location
Getting Around
-
Walk Score ®
38/100
Car-Dependent
-
Bike Score ®
42/100
Somewhat Bikeable
Powered by Walk Score ®
- City Centerville, IA
- Neighborhood Centerville
- Zip Code 52544
Points of Interest
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Lucile's Steaks and Spirits
0.76 miles
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Hardee's
0.89 miles
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Hy-Vee
0.42 miles
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Walmart Supercenter
2.38 miles
Frequently Asked Questions
What is the lease rate for Lake Center Mall?
Rental asking rate at Lake Center Mall is $1,475,000.00/YR.
What is the total square footage of Lake Center Mall?
Lake Center Mall totals 39,300 square feet.
When was this property built?
Lake Center Mall was built in 1975.
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