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    222 2Nd St Eldridge, IA 52748

    For Sale
    $325,000

    High-Yield Quadplex, Prime Location

    Property size:
    4,050 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    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.

    Property Features for 222 2Nd St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    4,050 SF
    Lot Size
    6,098 SF

    Building Details

    Year Built
    1873
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Pawsitively Purrfect Pet ... Pet Groomer

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Eldridge
    County
    Scott
    State
    Iowa
    Longitude
    -90.58457
    Latitude
    41.65711

    Nearby Comparable

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Commercial real estate - High-Yield Quadplex, Prime Location
    Where is this commercial real estate located?
    The property is located at 222 2Nd St Eldridge, IA.
    What is the asking price?
    The asking price for this property is $325,000.
    Request Owner's contact information
    222 2Nd St Eldridge, IA 52748
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    Eldridge, IA 52748
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    Realmo Value Estimation

    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.

    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.

    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
    222 2Nd St Eldridge, IA 52748
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