For Sale
$275,000

309 Cedar St Wilton, IA 52778

Established Business w/ Apartments

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional commercial property, located at 309 and 311 Cedar Street in Wilton, Iowa, presents a unique investment opportunity. The property consists of two buildings, constructed in 1884, offering over 4,100 square feet of main-level commercial space currently housing an established, turnkey business. Included in the sale is all equipment (excluding games and touch tunes). The property also features three income-generating apartments, contributing an annual gross income of $19,200. The apartments are currently rented with utilities included. Recent improvements include a new roof (2018), new walk-in cooler compressor (December 2023), and new furnaces (2022). The property boasts a busy corner location and benefits from a practical utility setup with two water meters, two gas meters, and five electric meters. Heating in the apartments is a mix of electric and gas forced air. The asking price is $275,000. Showings are available only during operating hours, from noon to 2:00 AM. Detailed financial information will be provided at the owner's discretion. This property offers a blend of commercial and residential income streams, making it an attractive investment prospect. The property is zoned for Commercial, Office, and Retail use.

Highlights

  • $275,000 asking price.
  • Land, office, and retail property with two buildings.
  • Built in 1884.
  • 4,100+ sq ft of main-level commercial space; includes equipment (excluding games and touch tunes).
  • Three apartments generating $19,200 annual gross income (utilities included in rent).

Property Details for 309 Cedar St

Property type
Retail properties, Office properties
Year Built
1884
Buildings
2

Location Insight

City
Wilton
County
Muscatine
State
Iowa
Latitude
41.588146
Longitude
-91.018694

FAQs

What type of property is this?
Retail property - Established Business w/ Apartments
Where is the retail property located?
The property is located at 309 Cedar St Wilton, IA.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: $275,000 asking price.; Land, office, and retail property with two buildings.; Built in 1884.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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309 Cedar St
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