Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    212 E 2Nd St Muscatine, IA 52761

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Versatile 1638+ SF space in high-traffic downtown location.

    Property size:
    1,638 SF
    Lot size:
    0.07 Acres

    Property Features for 212 E 2Nd St

    General Information

    Standard status
    Active
    Size
    1,638 SF
    Lot size
    0.07 Acres

    Building Details

    Year built
    1900

    We can help!

    Listing Contact
    Andrew Anderson
    Source: Exitrealty

    Listing Agency: HomeSmart Preferred Realty Listing Agent: Andrew Anderson

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Downtown Muscatine Commercial Space

    Commercial space is available for sale in downtown Muscatine, situated on a highly visited block. The space offers 1638+ square feet and alley access. It can be remodeled to suit various tenant needs, including office or retail purposes, among other potential uses. The location benefits from high foot traffic, and nearby commercial spaces are fully occupied. A notable feature is the existing black and white check marble floor, which can be refinished.
    Location Intelligence

    Current Use by Public Records

    Vicki's Gift & Pawn Discount Store The Pointy End Pawn Discount Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Muscatine
    County
    Muscatine
    State
    Iowa
    Longitude
    -91.044435
    Latitude
    41.421943

    Nearby Similar for Sale

    • Contact for pricing
      0.80 Acres

      Muscatine Commercial Space For Sale

      Standalone commercial space with office, overhead doors, and utilities.
      1315 River's Edge Dr, Muscatine, IA 32761
      View Details
    • Contact for pricing
      0.80 Acres

      Standalone Commercial Space For Lease

      2,250 SF commercial space with office and overhead doors.
      1405 River's Edge Dr, Muscatine, IA 32761
      View Details
    • $360,000
      0.45 Acres

      Prime Muscatine Restaurant Outlot

      High-traffic location, excellent visibility.
      1903 Park Ave, Muscatine, IA 52761
      View Details
    • $4,950,000
      225,550 SF

      Muscatine Industrial Portfolio For Sale

      Industrial portfolio in Muscatine, Iowa with highway access.
      2900 Highway 22, Muscatine, IA 52761
      View Details
    • $1,600,000
      20,376 SF

      Muscatine Riverfront Industrial Property

      Heavy industrial land with barge dock & buildings
      2585 Pettibone Ave, Muscatine, IA 52761
      View Details

    FAQs

    What type of property is this?
    Retail space - Versatile 1638+ SF space in high-traffic downtown location.
    Where is this retail space located?
    The property is located at 212 E 2Nd St Muscatine, IA.
    What are key features of this property?
    This property features: - Prime downtown Muscatine location on a highly visited block with high foot traffic.; - Versatile space suitable for office, retail, or other uses, remodel-ready to fit tenant needs.; - Substantial space available: 1638+ SF.
    (719) 458-1345
    Request Owner's contact information
    212 E 2Nd St Muscatine, IA 52761
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    212 E 2Nd St
    Muscatine, IA 52761
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    212 E 2Nd St Muscatine, IA 52761
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Andrew Anderson
    Real Estate License ID: 100018584
    (719) 458-1345
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!