Lake Center Mall

For Lease

1015 N 18th Street, Centerville, IA 52544

You can currently find 2 retail space(s) available for lease at Lake Center Mall. Designated use type for space listed here includes strip. Current retail listings at this property total 4,400 square feet. Lease type options include NNN. Expand the listing and property details below for additional information on leasing opportunities at Lake Center Mall.

Space Available For Lease 2

Contacts

broker
Tom Hudson

NAI Iowa Realty Commercial

Property Details

  • Property Type Retail - Strip
  • Property Size 39,300 SF
  • Units 7
  • Year Built 1975
  • Date Updated Jan 27, 2025
Located in north side of Centerville, IA, just off HWY 5.NAI Iowa Realty Commercial is pleased to present Lake Center Mall. The property is a well-positioned shopping center located in Centerville, IA. The property owner has made some recent improvements including a new parking lot, roof, façade, and HVAC units. Current Tenants include Cinema 4 Theater, River Hills Community Health Center, Kinetic Edge Physical Therapy, and Subway. The property is listed for sale and for lease.NAI Iowa Realty Commercial is pleased to present Lake Center Mall. The property is a well-positioned shopping center located in Centerville, IA. The property owner has made some recent improvements including a new parking lot, roof, façade, and HVAC units. Current Tenants include Cinema 4 Theater, River Hills Community Health Center, Kinetic Edge Physical Therapy, and Subway. The property is listed for sale and for lease.
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Highlights

  • Offering Price: $2,795,000 ($71.12/PSF)
  • Cap Rate ProForma: 11.0%
  • 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
  • New Façade - Summer 2024

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

1015 N 18th Street Listing Brief

  • A property’s location contributes to the asking rent almost as much as its characteristics do. For instance, central urban locations with high walkability or suburban locations with ample parking and easy access by car will claim higher rents but offer superior access to your customer base. Likewise, the quality of the building systems and property finishes have a significant impact on how businesses can conduct their activity there, as well as on the experience of their customers.

    Retail space at Lake Center Mall asks $8.00/SF/YR per square foot.

  • The property includes 4,400 square feet of retail space for lease. Of this total, 4,400 square feet are Strip.

    Lease agreement conditions for the availability at this property include NNN.

    For more information or to schedule a tour of the property, use the convenient contact form on this page to get in touch with a representative.

  • You should keep in mind that different areas gradually build a reputation as hotspots or desirable corridors for shopping, eating, or other entertainment and consumer activities. So, while renting retail space in an area with a well-established high-end reputation might mean more customers that are more willing to spend, it will also place you in a more competitive environment.

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

  1. 1Main information
  2. 2Extra information
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