Lake Center Mall

1015 N 18th St, Centerville, IA 52544

Property Information

  • 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)

Contacts

Location

Contact Lake Center Mall
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