1010 220Th AveMaquoketa, IA 52060

Property Details for 1010 220Th Ave

Year built

1967

Lot size

4.82 AC

Property size (Sq ft)

4,560 SF

Property type

Automotive properties

APN

600050000

APU

600050000

Description

This Maquoketa, Iowa property offers a unique investment opportunity encompassing three buildings totaling over 13,800 square feet on a 4.82-acre lot. The property includes a former showroom and shop (Building 1, approximately 4,560 sq ft) with an attached 51' x 79' insulated metal shed (built 1967) featuring a 16-foot overhead door. Building 2, a fully cemented metal warehouse (approximately 4,872 sq ft, built 1968), and Building 3, a finished and insulated metal shop (approximately 4,440 sq ft, built 1976) with a 16-foot overhead door, complete the complex. The property, zoned C-Commercial, benefits from city water and sewer connections. Located on County Highway 220th Avenue, it enjoys a daily traffic count of 1,040 vehicles and convenient access to Highway 61 (approximately 1 mile north). The remaining acreage is currently grassy, previously used for outdoor storage. The asking price is $675,000. The APN is 0600050000. This versatile property is suitable for a variety of commercial, flex, warehouse, or manufacturing uses. Ceiling heights reach 16 feet.

• CAP approach

  CAP return

  Valuation

  6%

  $1,210,342

  6.5%

  $1,117,239

  7%

  $1,037,436

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,166,623

  Geo Method

  $1,496,729

• Alternative Use

  Use

  Valuation

  Residential

  $942,433

  Hospitality

  $863,264

  Educational

  $718,225

  Medical

  $742,926

  Retail

  $1,117,239

Location Insight

City

Maquoketa

County

Clinton

State

Iowa

Latitude

42.0313

Longitude

-90.6666

CBSA code

17540

CBSA name

CLINTON, IA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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