Mixed-Use Property Requiring Cosmetic
For Sale
$45,000
200 S 2nd St, Clinton, IA 52732
Roof work is complete, with the remaining scope focused on cosmetic rehabilitation.
Property Size483 SF
Price / SF$93.17
Days on Market48
Property Features for 200 S 2nd St
General Information
Standard status
Active
Size
483 SF
Building Details
Year Built
1900
Listing Agency:
The Riverview Group - Epique Realty
Listed By:
Emilie Lawrence
(319) 540-1002
Source:
Liveliferealty
Added: Sep 6
Changed: Oct 8
Last Checked: Oct 20 at 11:38PM
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 The Riverview Group - Epique Realty
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Investment Insights
Based on property information with market context.
Located at 200 S 2nd St in Clinton, Iowa, this mixed-use property combines residential space above commercial space. The roof work has been completed, while the interior remains ready for a full cosmetic rehabilitation. The property was built in 1900 and carries a listed property size of 483. The upper residential unit is currently the portion available for viewing, and showings require a signed Hold Harmless Agreement.
Key Highlights
- Mixed‑use layout with upper residential and commercial space
- Roof work has been completed
- Interior requires a complete cosmetic rehabilitation
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$2,854
Cap Rate
6.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$57,080
$57.1K
Cap Rate 7%
$40,771
$40.8K
Cap Rate 9%
$31,711
$31.7K
Market Conditions
NOI Build-Up for 483 SF
Gross rent
$5.8K $12.00/SF
− Vacancy
−$607 −$1.26/SF
EGI
$5.2K $10.74/SF
− OpEx
−$2.3K −$4.83/SF
NOI
$2.9K $5.91/SF
Area
Clinton County, IA
Vacancy
10.48%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$57,080
Cap Rate 7%
$40,771
Cap Rate 9%
$31,711
Alternative Uses
Best Use
Retail
$68.5K
$59.9K – $79.9K
NOI $4,792 @ 7.0% cap · market cap 10.65%
Second Best
Apartment 5plus
$40.8K
$35.7K – $47.6K
NOI $2,854 @ 7.0% cap · market cap 6.34%
Theoretical Best
Specialty Retail
$71.0K
$62.2K – $82.9K
NOI $4,972 @ 7.0% cap · market cap 11.05%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
724
Businesses Nearby
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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 Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Roof work is complete, with the remaining scope focused on cosmetic rehabilitation.
Where is this mixed-use property located?
The property is located at 200 S 2nd St Clinton, IA.
What is the asking price?
The asking price for this property is $45,000.
What are key features of this property?
This property features: Mixed‑use layout with upper residential and commercial space; Roof work has been completed; Interior requires a complete cosmetic rehabilitation
