Westland Mall 550 S Gear Ave

405,298 SF 100% Leased Retail Building West Burlington, IA 52655 $3,500,000 ($9/SF) 10.65% Cap Rate

INVESTMENT HIGHLIGHTS

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

EXECUTIVE SUMMARY

Value add property. High vacancy property ready for retrofitting into data center, retailtainment, self storage, mixed used development. Inquire for more information.

FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access

ANNUAL ANNUAL PER SF
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income - -
Net Operating Income $99,999 $9.99

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
405,298 SF
Building Class
B
Year Built
1977
Price
$3,500,000
Price Per SF
$9
Cap Rate
10.65%
NOI
$372,669
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.26
Lot Size
36.22 AC
Zoning
C-Commercial - Multiple.
Parking
2,120 Spaces (5.23 Spaces per 1,000 SF Leased)

AMENITIES

  • Food Court
  • Kiosk/Cart Space
  • Enclosed Mall

NEARBY MAJOR RETAILERS

Maid-Rite
Starbucks
United Rentals

PROPERTY TAXES

  • Listing ID: 34518127

  • Date on Market: 1/17/2025

  • Last Updated:

  • Address: 550 S Gear Ave, West Burlington, IA 52655