222 2Nd StEldridge, IA 52748

  • Retail space
  • 4,050 SF
For Sale
$325,000 View listing

Property Details for 222 2Nd St

Year built
1873
Construction
FRAME
Lot size
0.14 AC
Property size (Sq ft)
4,050 SF
Property type
Retail space
APN
931150904061
APU
931150904061

Description

This exceptional investment opportunity presents a 4,050 square foot, single-story commercial building situated on a 0.14-acre lot at 222 N 2nd Street in Eldridge, IA. Currently housing four thriving businesses – a barbershop, dog grooming facility, nutrition vendor, and chiropractic office – this property offers instant income with a combined monthly gross rent of $2,900. Each of the four units boasts its own half-bath and separate access points, providing convenience and privacy for tenants. The building features convenient curbside access for easy loading and unloading. Leases are currently in place, expiring in March 2025, ensuring a steady stream of income for the foreseeable future. The landlord covers sewer and trash expenses, while tenants are responsible for all other utilities. This property represents a rare chance to acquire a well-established, multi-tenant commercial building in a desirable location with significant potential for future growth and appreciation. The asking price is $325,000. This turnkey operation requires minimal management and offers a strong return on investment. The property's location in Eldridge, IA, provides excellent visibility and accessibility, making it an attractive destination for businesses and customers alike. Don't miss this opportunity to secure a profitable and stable commercial investment.

Location Insight

City
Eldridge
County
Scott
State
Iowa
Latitude
41.6572
Longitude
-90.5848
CBSA code
19340
CBSA name
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$3,198
$23,500
$181,100
$204,600
-
$23,500
$181,100
$204,600

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