Contacts
Josh Miller
Friedman Real Estate
Ryan Wilner
Friedman Real Estate
Andrew Ledger
Friedman Real Estate
Property Details
- Property Type Retail
- Property Size 38,826 SF
- Lot Size 6.17 Acre
- Date Updated Jul 22, 2026
- ±38,800 SF multi-tenant retail center in Centerville, IA
- ±78% occupancy with stable, long-term tenants including Fridley Theatres (20+yr presence), River Hills Health (15+yrs), Subway (since 2007)
- Tenants provide essential health services and entertainment to the region
- Iowa Trust Savings ATM pad adds ancillary income
- Upside through leasing vacant in-line retail and warehouse space
- Major capital improvements have already been completed within last 3 years: new roof, parking lot resurfacing, HVAC upgrades
- NOI: ±$255,000 (9.1% Cap Rate)
Want more info on this listing?
Reach out to the broker for more info on lease terms and amenities
Getting around
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38/100
Walk Score ®
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42/100
Bike Score ®
Powered by Walk Score ®
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
Contact Lake Center Mall