Lake Center Mall

For Sale

1015 N 18th Street, Centerville, IA 52544

This Centerville property for sale is located at 1015 N 18th Street. The current listed sale price for Lake Center Mall is $2,795,000.

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 Jun 18, 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

Getting around

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  • 42/100

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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

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

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