Industrial Flex Property with
1960 S 21st St, Clinton, IA 52732
For Sale
$549,900
Versatile commercial space combines office, garage, workshop, mezzanine storage, and M-3 industrial zoning.
Property Size2,178 SF
Price / SF$252.48
Days on Market48
Property Features for 1960 S 21st St
General Information
Standard status
Size
Zoning
Additional Details
Road Access
Clear Height
Building Details
Year Built
Listing Agency:
Coldwell Banker Howes & Jefferies REALTORS
Listed By:
Matt Brisch · License #B59416000/471.003175
(563) 249-9998
Source:
Bktchicago
Added: Sep 20
Changed: Oct 26
Last Checked: Oct 7 at 4:48PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Howes & Jefferies REALTORS
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Investment Insights
Based on property information with market context.
This 2006 flex property occupies more than one acre and combines office, garage, workshop, and mezzanine storage areas. The air-conditioned workshop features 14-foot 6-inch ceilings and in-floor heating throughout the building. Interior finishes are described as clean and professional, while late-2025 exterior work added siding, roofing, gutters, fascia, soffit, LED lighting, and insulated garage doors.
The property is located at 1960 S 21st St in Clinton, Iowa, along Manufacturing Drive and less than one mile from Super Walmart. M-3 industrial zoning supports a broad range of uses. The property also includes lease income from a large billboard sign. A city redevelopment project along the corridor is expected to add an adjacent bike path and is scheduled for completion in late 2026; the city estimates approximately 15,600 vehicles per day on non-school days after completion.
The property is located at 1960 S 21st St in Clinton, Iowa, along Manufacturing Drive and less than one mile from Super Walmart. M-3 industrial zoning supports a broad range of uses. The property also includes lease income from a large billboard sign. A city redevelopment project along the corridor is expected to add an adjacent bike path and is scheduled for completion in late 2026; the city estimates approximately 15,600 vehicles per day on non-school days after completion.
Key Highlights
- More than one acre along Manufacturing Drive in Clinton, IA
- M‑3 industrial zoning
- Air‑conditioned workshop with 14‑foot 6‑inch ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,445
Cap Rate
2.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$328,900
$328.9K
Cap Rate 7%
$234,929
$234.9K
Cap Rate 9%
$182,722
$182.7K
Market Conditions
NOI Build-Up for 2,178 SF
Gross rent
$28.7K $13.20/SF
− Vacancy
−$3.4K −$1.58/SF
EGI
$25.3K $11.62/SF
− OpEx
−$8.9K −$4.07/SF
NOI
$16.4K $7.55/SF
Area
Clinton County, IA
Vacancy
12.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$328,900
Cap Rate 7%
$234,929
Cap Rate 9%
$182,722
Alternative Uses
Best Use
Flex RnD
$234.9K
$205.6K – $274.1K
NOI $16,445 @ 7.0% cap · market cap 2.99%
Second Best
Industrial
$150.3K
$131.5K – $175.4K
NOI $10,523 @ 7.0% cap · market cap 1.91%
Theoretical Best
Specialty Retail
$320.3K
$280.3K – $373.7K
NOI $22,420 @ 7.0% cap · market cap 4.08%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
14 ft
Clear height
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
392
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 52732, IA
25,808
Population
12,911
Households
2
Avg Household Size
42
Median Age
21%
College-Educated
90%
High-School Grad
109.6 sq mi
ZIP Area
235
Density / Sq Mi
$58,380
Median Household Income
$37,181
Median Earnings
$768
Median Rent
$118,700
Median Home Value
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Versatile commercial space combines office, garage, workshop, mezzanine storage, and M-3 industrial zoning.
Where is this flex space located?
The property is located at 1960 S 21st St Clinton, IA.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: More than one acre along Manufacturing Drive in Clinton, IA; M‑3 industrial zoning; Air‑conditioned workshop with 14‑foot 6‑inch ceilings
