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Westland Mall 550 S Gear Ave

405,298 SF 100% Leased Retail Building West Burlington, IA 52655 £2,874,035 (£7/SF) 7.43% Net Initial Yield

Investment Highlights

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

Executive Summary

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

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

Financial Summary (Actual - 2024) Click Here to Access

Gross Rental Income
Annual -
Annual Per SF -
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual -
Annual Per SF -
Net Operating Income
Annual $99,999
Annual Per SF $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
£2,874,035
Price Per SF
£7
Net Initial Yield
7.43%
NOI
£213,500
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
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

PROPERTY TAXES

Parcel Numbers
Multiple
  • 10-35-252-012
  • 10-35-202-007
Land Assessment
£72,009
Improvements Assessment
£6,294
Total Assessment
£78,302
  • Listing ID: 34518127

  • Date on Market: 17/01/2025

  • Last Updated:

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

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