Contacts

Tom Hudson
NAI Iowa Realty Commercial
Property Details
- 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
- Cap Rate ProForma: 11.0%
- Lot Size: 3.97 acres
- New Façade - Summer 2024
- New Parking Lot - June 2023
- New Roof and HVAC units - Fall 2023
- Offering Price: $2,795,000 ($71.12/PSF)
- Sprinkler: Wet
- Traffic Count: 7,700 VPD (2022 Iowa DOT)
- Zoning: C-1 Commercial
Attachments
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Location
- 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
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

Tom Hudson
NAI Iowa Realty Commercial