Mixed-Use Property with
For Sale
$144,900
2319 N 2nd St, Clinton, IA 52732
Includes two apartments, two storefronts, parking, and green space.
Property Size3,252 SF
Price / SF$44.56
Days on Market48
Property Features for 2319 N 2nd St
General Information
Standard status
Active
Size
3,252 SF
Amenities
on-street parking
off-street parking
green space
Building Details
Year Built
1894
Listing Agency:
eXp Realty
Listed By:
Chris McDanel · License #S67345000
(833) 835-5566
Source:
Realtopiare
Added: Aug 30
Changed: Oct 2
Last Checked: Oct 7 at 2:30PM
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 eXp Realty
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Investment Insights
Based on property information with market context.
This mixed-use property combines residential and commercial components within a 3,252 SF building. The layout includes one 2-bedroom apartment, one 3-bedroom apartment, and two storefronts that offer retail or office use. The building dates to 1894.
Located at 2319 N 2nd St in Clinton’s Lyons District, the property provides both on-street and off-street parking. Green space is also included, adding an outdoor component to the site. The combination of apartments and storefronts supports a range of mixed-use occupancy arrangements.
Located at 2319 N 2nd St in Clinton’s Lyons District, the property provides both on-street and off-street parking. Green space is also included, adding an outdoor component to the site. The combination of apartments and storefronts supports a range of mixed-use occupancy arrangements.
Key Highlights
- 2‑bedroom apartment and 3‑bedroom apartment
- Two storefronts suitable for retail or office use
- 3,252 SF mixed‑use property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,664
Cap Rate
8.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$253,280
$253.3K
Cap Rate 7%
$180,914
$180.9K
Cap Rate 9%
$140,711
$140.7K
Market Conditions
NOI Build-Up for 3,252 SF
Gross rent
$22.6K $6.96/SF
− Vacancy
−$2.4K −$0.73/SF
EGI
$20.3K $6.23/SF
− OpEx
−$7.6K −$2.34/SF
NOI
$12.7K $3.89/SF
Area
Clinton County, IA
Vacancy
10.48%
Lease Rate
$6.96 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$253,280
Cap Rate 7%
$180,914
Cap Rate 9%
$140,711
Alternative Uses
Best Use
Retail
$460.9K
$403.3K – $537.8K
NOI $32,265 @ 7.0% cap · market cap 22.27%
Second Best
Multifamily LT 5
$298.7K
$261.3K – $348.5K
NOI $20,907 @ 7.0% cap · market cap 14.43%
Theoretical Best
Specialty Retail
$478.2K
$418.4K – $557.9K
NOI $33,475 @ 7.0% cap · market cap 23.10%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
339
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Includes two apartments, two storefronts, parking, and green space.
Where is this mixed-use property located?
The property is located at 2319 N 2nd St Clinton, IA.
What is the asking price?
The asking price for this property is $144,900.
What are key features of this property?
This property features: 2‑bedroom apartment and 3‑bedroom apartment; Two storefronts suitable for retail or office use; 3,252 SF mixed‑use property
