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Hershey Lofts Apartment Building
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216 Sycamore, Muscatine, IA 52761

Renovated multifamily property with ground-level commercial space and a full basement.

Property Size37,000 SF
Price / SF$53.38
Days on Market3

Property Features for 216 Sycamore

General Information

Standard status Active
Size 37,000 SF
Property subtype Multifamily

Units

Unit Mix 8 x Studio, 13 x 1 bedroom, 4 x 2 bedroom
Multifamily Units 25

Amenities

keyless entry

Building Details

Year Renovated 2018
Buildings 1
Stories 5
Units 25
Listing Agency: First Choice Real Estate
Listed By: Daniel Oien · License #B44442000
Source: Crexi
Added: Sep 1 Changed: Sep 3 Last Checked: Sep 3 at 1:59AM

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 First Choice Real Estate

Investment Insights

Based on property information with market context.

Hershey Lofts is a five-story, 37,000-square-foot property at 216 Sycamore in Muscatine, Iowa. Renovation work began in 2018, and the building includes 25 apartments, four commercial spaces on the main level, and a full basement. The residential units feature solid-surface flooring and countertops, with a mix of eight studios, 13 one-bedroom apartments, and four two-bedroom apartments.

Building access is managed through a keyless entry system, and the property remains secured to the public. The basement was most recently used by Sycamore Printing. Property tours require 72 hours' notice and are scheduled Monday through Friday from 8 a.m. to 5 p.m. to align with the on-site manager's schedule.

Key Highlights

  • 37,000‑square‑foot, five‑story building at 216 Sycamore, Muscatine, IA 52761
  • 25 apartments with 8 studios, 13 one‑bedroom units, and 4 two‑bedroom units
  • 4 commercial spaces located on the main level

Property Analytics

Current Use

Baker Law Office Law Firm Hershey Lofts Apartment Building Sarah Siler Photography Photography Service Wildlife Trapping Professionals Animal Shelter

Suggested Use

Top Pick Bakery (Bike/Boat/Book/etc) Store Electrical Service Daycare Center Storage Facility Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

25
Residential units

Location Intelligence

Trade Area within ½ mile

661
Businesses Nearby

Demographics for 52761, IA

30,530
Population
12,920
Households
2.4
Avg Household Size
40
Median Age
23%
College-Educated
91%
High-School Grad
178.2 sq mi
ZIP Area
171
Density / Sq Mi
$63,924
Median Household Income
$39,589
Median Earnings
$971
Median Rent
$164,500
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Renovated multifamily property with ground-level commercial space and a full basement.
Where is this apartment building located?
The property is located at 216 Sycamore Muscatine, IA.
What is the asking price?
The asking price for this property is $1,975,000.
What are key features of this property?
This property features: 37,000‑square‑foot, five‑story building at 216 Sycamore, Muscatine, IA 52761; 25 apartments with 8 studios, 13 one‑bedroom units, and 4 two‑bedroom units; 4 commercial spaces located on the main level
(563) 299-8953 Call to check price and availability
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