Lake Center Mall

1015 N 18th Street, Centerville, IA 52544

  • For Lease $8.00/SF/YR
  • Property Type Retail - Strip
  • Property Size 39,300 SF
  • Units 7
  • Year Built 1975
  • Date Updated Feb 10, 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

Spaces Available

Contacts

broker
Tom Hudson

NAI Iowa Realty Commercial

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

  • 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

Frequently Asked Questions

How much does retail space at 1015 N 18th Street cost?

The asking price for retail space at 1015 N 18th Street is $8.00/SF/YR. Pricing of commercial spaces is largely dependent on things like location — especially proximity to areas that can be easily reached by car or public transit or enjoy high foot traffic — the overall size, features and condition of the space, and the lease structure. Safety and security in the area can also play an important role in choosing the most suitable retail space for a business.

What kind of retail space can I rent at 1015 N 18th Street?

The property has 4,400 square feet of rentable Strip space. Rental opportunities here are available under NNN lease terms.

Use the contact form at the top of this page to schedule a tour of the property with a broker and get further details on this listing.

How many parking spots are available at 1015 N 18th Street?

Reach out to the listing broker for more information on vehicle access and parking options at or near this property, as well as additional amenities that complement the retail experience at 1015 N 18th Street.

Are there any potentially competing retail businesses in the area?

No, there are no spaces zoned for retail activities within a 0.5-mile radius around 1015 N 18th Street.

Looking for more in-depth information on this property?

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Contact Listing Broker
broker
Tom Hudson

NAI Iowa Realty Commercial

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