Map of Property

Lake Center Mall

For Sale

1015 N 18th Street, Centerville, IA 52544

This Centerville property for sale is located at 1015 N 18th Street. The current listed sale price for Lake Center Mall is $2,950,000.

Contacts

broker
Tom Hudson

NAI Iowa Realty Commercial

Property Details

  • Property Type Retail - Strip
  • Property Size 39,300 SF
  • Units 7
  • Additional Rent Contact for pricing
  • Year Built 1975
  • Date Updated Jan 1, 2025
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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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

Getting around

  • 38/100

    Walk Score ®

  • 42/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Centerville, IA
  • Zip Code 52544

Points of Interest

  • Lucile's Steaks and Spirits

    0.76 miles

  • Hardee's

    0.89 miles

  • White Oak Grill

    6.74 miles

  • Hy-Vee

    0.42 miles

  • Walmart Supercenter

    2.38 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Tom Hudson

NAI Iowa Realty Commercial