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    2301 MANUFACTURING Drive Clinton, IA 52732

    View on Map
    For Sale
    $2,230,000

    COMMERCIAL - Clinton, IA

    Lot size:
    1.64 Acres
    Added:
    Sep 30, 2025
    Days on Market:
    184
    Last Refresh:
    Apr 1 at 5:06 am

    Property Features for 2301 MANUFACTURING Drive

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Commercia;
    Standard status
    Active
    APN
    8071660200
    Lot size
    1.64 Acres

    Taxes and HOA fees

    TaxYear
    2024
    TaxDescription
    15-81-6 15-81-06 PARCEL "D" AS SHOWN IN PLAT OF SURVEY 2007-06541
    TaxAnnualAmount
    14076

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    2008
    Floors in Building
    1
    Flooring type
    Concrete
    Building materials
    Steel Frame
    Roof type
    Flat

    We can help!

    Listing Contact
    Dennis Lauver
    Dennis Lauver

    Listing agent Dennis Lauver License #B63532000/475.165634

    Listing office Coldwell Banker Howes & Jefferies REALTORS 345 5th Avenue South, Clinton, IA

    Listing date Sep 30, 2025

    MLS# QC4267966

    Copyright © 2025 RMLS Alliance. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Clinton Commercial Condominiums For Sale

    Four commercial condominiums are available for purchase, suitable for distribution, office, or retail purposes. The property benefits from easy access and high traffic count. Constructed in 2008, the building is located next to Manufacturing Drive. The building generates revenue from multiple tenants, who are responsible for their own utilities. The landlord is responsible for common area maintenance. Lease documents are available for buyer due diligence. The property includes 200-amp electrical service, one water service, T-5 high bay efficiency lighting, and natural gas heaters with blowers. One tenant has occupied the space since 2015 and currently pays $3,477.84 per month, with lease extensions and increases planned. Another tenant has been in the space since 2021 and currently pays $1,365 per month. The property is zoned commercial and sits on a 1.64-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    LAUNDRY MAX (Bike/Boat/Book/etc) Store Brent’s Firehouse Coffee Take-out & Catering Paasch Construction Construction Company Merry Maids Hardware & Home Improvement EVERGEEN NORTH AMERICAN Factory

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Building Supply Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Clinton
    County
    Clinton
    State
    Iowa
    Longitude
    -90.239389
    Latitude
    41.822902

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    FAQs

    What type of property is this?
    Flex space - Four commercial condominiums ideal for distribution, office, or retail.
    Where is this flex space located?
    The property is located at 2301 MANUFACTURING Drive Clinton, IA.
    What is the asking price?
    The asking price for this property is $2,230,000.
    What are key features of this property?
    This property features: Steady revenue generation from multiple tenants with leases in place.; Ideal location with easy access and high traffic count suitable for distribution, office, or retail.; Quality industrial building constructed in 2008, located next to Manufacturing Drive.
    (563) 242-3265
    We can help!
    Listing Contact
    Dennis Lauver
    Dennis Lauver
    Real Estate License ID: B63532000/475.165634
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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