- For Sale $2,795,000
- 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
False
Contacts
Location
Getting Around
-
Walk Score ®
38/100
Car-Dependent
-
Bike Score ®
42/100
Somewhat Bikeable
Powered by Walk Score ®
- City Centerville, IA
- Zip Code 52544
Points of Interest
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Lucile's Steaks and Spirits
0.76 miles
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Hardee's
0.89 miles
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White Oak Grill
6.74 miles
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Hy-Vee
0.42 miles
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Walmart Supercenter
2.38 miles
Frequently Asked Questions
How much does Lake Center Mall cost?
The space currently listed for sale at Lake Center Mall asks for $2,795,000.
What is the total square footage of Lake Center Mall?
Lake Center Mall totals 39,300 square feet.
When was this property built?
Lake Center Mall was built in 1975.
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Contact Listing Broker
NAI Iowa Realty Commercial