1105 2Nd StClinton, IA 52732

Property Details for 1105 2Nd St

Year built

1958

Lot size

0.76 AC

Property size (Sq ft)

14,400 SF

Property type

Turn key restaurants

APN

8402210000

APU

8402210000

Description

This exceptional commercial property, located at 1105 N 2nd Street in Clinton, IA, presents a unique investment opportunity. Boasting 14,400 square feet on a 0.76-acre lot, this former full-service restaurant offers immense potential for a variety of businesses. Its strategic location on Highway 67/North 2nd Street, between the bridges connecting Eastern Iowa and Western Illinois, ensures exceptional visibility and accessibility. The high-traffic area guarantees significant exposure for your enterprise, whether it's retail, restaurant, or another commercial venture. Ample parking is readily available, ensuring customer convenience. The spacious interior provides ample room for a large retail area, storage facilities, and administrative offices. The property includes three commercial oven hoods, a valuable asset for food-related businesses. This property is priced at $625,000 and offers a compelling combination of size, location, and potential. Don't miss this chance to establish your business in a thriving commercial area.

• CAP approach

  CAP return

  Valuation

  6%

  $3,822,134

  6.5%

  $3,528,124

  7%

  $3,276,114

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,684,073

  Geo Method

  $4,726,512

• Alternative Use

  Use

  Valuation

  Residential

  $2,976,104

  Hospitality

  $2,726,095

  Educational

  $2,268,079

  Medical

  $2,346,082

  Retail

  $3,528,124

Location Insight

City

Clinton

County

Clinton

State

Iowa

Latitude

41.8562

Longitude

-90.185

CBSA code

17540

CBSA name

CLINTON, IA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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