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    309 Cedar St Wilton, IA 52778

    For Sale
    $275,000

    Established business w/3 income-generating apartments.

    Property size:
    6,756 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This exceptional commercial investment opportunity encompasses two buildings at 309 and 311 Cedar Street in Wilton, IA, totaling 6,756 square feet on a 0.1-acre lot. The main level offers over 4,100 square feet of established commercial space, complete with all equipment (excluding games and touch tunes). Three apartments, currently rented with utilities included, generate an annual gross income of $19,200, significantly offsetting operating expenses. This prime corner location boasts a newly installed walk-in cooler compressor (December 2023), new furnaces (2022), and a roof replaced in 2018. The property's utility infrastructure is well-equipped with two water meters, two gas meters, and five electric meters. Heating systems vary: two apartments in 309 utilize electric heat, while the apartment in 311 features gas forced-air heating. Showings are available exclusively during operating hours, from noon to 2:00 AM. Detailed financial information will be disclosed at the owner's discretion. This turnkey business presents a compelling opportunity for a savvy investor seeking a profitable and established commercial venture with significant income potential. The property is priced at $275,000.

    Property Features for 309 Cedar St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    6,756 SF
    Lot Size
    4,356 SF

    Building Details

    Year Built
    1884
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Wilton
    County
    Muscatine
    State
    Iowa
    Longitude
    -91.01869
    Latitude
    41.58814

    Nearby Comparable

    • $275,000

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      Established Business w/ Apartments
      309 Cedar St, Wilton, IA 52778
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    • $275,000
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    • $125,000
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      Wilton Commercial Land - $125K

      Prime 0.98-acre commercial lot in Wilton, IA.
      6 3Rd St, Wilton, IA 52778
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    • $125,000
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      Wilton Commercial Land - $125K

      0.82-acre commercial lot, prime Wilton location.
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    • Contact for pricing
      Pending

      High-Quality Farmland Near Durant, Iowa

      111 acres of farmland offered in two tracts.
      Tbd Yankee Ave, Durant, IA 52747
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    Nearby Similar for Sale

    • $950,000
      50,750 SF

      Wilton, IA Industrial Property

      Spacious industrial building with large tanks & rail access.
      403 1St St, Wilton, IA 52778
      View Details
    • $275,000
      6,756 SF

      Wilton, IA Bar & Apartments

      Established bar with income-producing apartments.
      309 Cedar St, Wilton, IA 52778
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Established business w/3 income-generating apartments.
    Where is this commercial real estate located?
    The property is located at 309 Cedar St Wilton, IA.
    What is the asking price?
    The asking price for this property is $275,000.
    Request Owner's contact information
    309 Cedar St Wilton, IA 52778
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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
    309 Cedar St Wilton, IA 52778
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