Office
5348 Elmore Circle
5348 Elmore Cir, Davenport, IA 52807
Listing Price: $5,679,600
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire an exceptional office property located at 5348 Elmore Circle Davenport, IA (“Property” or “Asset”). The Asset consists of a +/- 75,728 SF office situated on +/- 9.84 acres. The Asset’s quality construction and adaptability creates a great opportunity for an owner user or value-add investor.
The Asset has been institutionally owned and maintained since it was originally a build-to-suit for AT&T in 2007. In addition to the possibilities provided with the existing office structure, there is future repurposing upside given the high-quality improvements, open layout, 22’ building height, oversized +/- 9.84-acre parcel, and favorable “C-3” General Commercial Zoning. The Property was previously occupied by AT&T and utilized as a call center, until they vacated in December 2024. The existing improvements include a commercial grade cafeteria, conference rooms, exterior lined offices, two large open work areas, and web-based training rooms.
The Property is currently zoned C-3 General Commercial Zoning District with the City of Davenport and will be sold vacant, providing for a variety of future uses on the site, including redevelopment. Future ownership will have a blank slate value-add opportunity to lease up the building with its current configuration, reposition the existing improvements or redevelop the site.
5348 Elmore Circle
Investment Highlights
- Immediate leasing upside with historically low office vacancy of 2.1% in the Davenport MSA
- High-quality +/- 75,728 SF building areas include open office space, private office suites, a full-service cafeteria, and training/conference rooms
- The Asset is currently zoned C-3 General Commercial Zoning District with the City of Davenport and will be sold vacant, providing a variety of future uses on the site, including redevelopment.
Broker of Record
Listing Price: $5,679,600
Investment Highlights
- Immediate leasing upside with historically low office vacancy of 2.1% in the Davenport MSA
- High-quality +/- 75,728 SF building areas include open office space, private office suites, a full-service cafeteria, and training/conference rooms
- The Asset is currently zoned C-3 General Commercial Zoning District with the City of Davenport and will be sold vacant, providing a variety of future uses on the site, including redevelopment.
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire an exceptional office property located at 5348 Elmore Circle Davenport, IA (“Property” or “Asset”). The Asset consists of a +/- 75,728 SF office situated on +/- 9.84 acres. The Asset’s quality construction and adaptability creates a great opportunity for an owner user or value-add investor. The Asset has been institutionally owned and maintained since it was originally a build-to-suit for AT&T in 2007. In addition to the possibilities provided with the existing office structure, there is future repurposing upside given the high-quality improvements, open layout, 22’ building height, oversized +/- 9.84-acre parcel, and favorable “C-3” General Commercial Zoning. The Property was previously occupied by AT&T and utilized as a call center, until they vacated in December 2024. The existing improvements include a commercial grade cafeteria, conference rooms, exterior lined offices, two large open work areas, and web-based training rooms. The Property is currently zoned C-3 General Commercial Zoning District with the City of Davenport and will be sold vacant, providing for a variety of future uses on the site, including redevelopment. Future ownership will have a blank slate value-add opportunity to lease up the building with its current configuration, reposition the existing improvements or redevelop the site.
Broker of Record
To view property details and documents, sign up for a free MyMMI account.
Explore exclusive listings, access research insights, and set up automated alerts for a personalized experience. Sign up now to elevate your property search.
