139 5Th AveClinton, IA 52732

Property Details for 139 5Th Ave

Year built

1900

Lot size

0.08 AC

Property size (Sq ft)

4,500 SF

Property type

Individual retail properties

APN

8011880000

APU

8011880000

Description

This exceptional 3,000-square-foot commercial property is ideally situated on the bustling 5th Avenue South in Clinton, Iowa. Its prime location, directly off Highway 67 and just one block from the scenic riverfront, ensures high visibility and accessibility. The main floor offers ample space perfect for retail or office use, catering to a diverse range of businesses. A convenient loading dock and on-site parking are located at the rear of the building, enhancing operational efficiency. Adding to the investment potential, a spacious 1,500-square-foot, one-bedroom apartment occupies the upper floor, currently leased to a long-term tenant, providing a consistent stream of rental income. The property benefits from significant daily traffic flow, amplified by strategically placed traffic lights. Recent upgrades and meticulous maintenance by the previous owner are evident throughout the building, reflecting a commitment to quality and longevity. The asking price of $105,900 represents a compelling opportunity, particularly considering the increased interest in downtown Clinton commercial properties observed over the past year. This property sits on a 0.12-acre lot and presents a rare blend of commercial and residential income potential in a thriving downtown location. Don't miss this chance to own a piece of Clinton's vibrant commercial landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $1,194,417

  6.5%

  $1,102,538

  7%

  $1,023,786

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,151,273

  Geo Method

  $1,477,035

• Alternative Use

  Use

  Valuation

  Residential

  $930,032

  Hospitality

  $851,905

  Educational

  $708,775

  Medical

  $733,151

  Retail

  $1,102,538

Location Insight

City

Clinton

County

Clinton

State

Iowa

Latitude

41.8408

Longitude

-90.1877

CBSA code

17540

CBSA name

CLINTON, IA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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