Multi-Tenant Office
240 N BLUFF Boulevard Clinton, IA 52732
240 N BLUFF Boulevard, Clinton, IA, 52732
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For Sale
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Portfolio includes two multi-tenant office buildings totaling 11 suites in Clinton, Iowa, with established service-oriented occupants.
Property Size25,931 SF
Price / SF$63.63
Days on Market317
Property Features for 240 N BLUFF Boulevard
General Information
- Standard status
- Active
- Size
- 25,931 SF
- Property subtype
- Office
Listing agency
NAI Ruhl Commercial Company
(563) 355-4000
Listed by
Shawn Langan · License #S62759000
Source
Crexi
Added: Sep 8, 2025 Updated: Jul 21 at 12:36PM Checked: Jul 21 at 12:36PM
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 NAI Ruhl Commercial Company
Investment Insights
Based on property information with market context.
This investment portfolio includes two well-located office properties in Clinton, Iowa: the Bluff Professional Building at 240 N Bluff Blvd and a two-tenant office building at 2320 N 2nd Street. Combined, the portfolio totals approximately 25,931 square feet across 11 suites. The Bluff Professional Building is a multi-tenant office property with long-term tenants including Life Connections, The Pregnancy Center, Iowa Vocational Rehabilitation Services, Family Resources, Beyond Behavior, and the University of Iowa Child Health Specialty Clinics.
The second property, 2320 N 2nd Street, is a two-tenant building anchored by New Choices Inc. Together, the properties serve established community and service-oriented users within Clinton’s professional and service corridors. The portfolio is offered as a package for an investor seeking a diversified, income-producing asset.
The second property, 2320 N 2nd Street, is a two-tenant building anchored by New Choices Inc. Together, the properties serve established community and service-oriented users within Clinton’s professional and service corridors. The portfolio is offered as a package for an investor seeking a diversified, income-producing asset.
Key Highlights
- Investment portfolio offering two commercial properties in Clinton, IA: 240 N Bluff Blvd and 2320 N 2nd Street
- Combined portfolio totals approximately 25,931 SF across 11 suites
- Bluff Professional Building at 240 N Bluff Blvd is multi‑tenant with long‑term occupants including Life Connections and The Pregnancy Center
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $304.9k | $11.76 |
| − Vacancy | −$54.9k | −$2.12 |
| EGI | $250.1k | $9.64 |
| − OpEx | −$100.0k | −$3.86 |
| NOI | $150.0k | $5.79 |
25,931 SF · lease $11.76/SF/yr · vacancy 18.00% · expense 40.00%
Alternative Uses
Best Use
Office B
$2.43M
$2.12M – $2.83M
NOI $169,825 @ 7.0% cap · market cap 10.29%
Second Best
Healthcare Medical
$2.14M
$1.88M – $2.50M
NOI $150,035 @ 7.0% cap · market cap 9.09%
Theoretical Best
Specialty Retail
$3.81M
$3.34M – $4.45M
NOI $266,927 @ 7.0% cap · market cap 16.18%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Miller Meier Limb ...
Orthotics & Prosthetics Service
Clinton Physical Therapy ...
Physician
Advanced Dermatology & Laser
Physician
Iowa Vocational Rehabilitation ...
State Government Office
The Pregnancy Center
Medical Clinic
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Portfolio includes two multi-tenant office buildings totaling 11 suites in Clinton, Iowa, with established service-oriented occupants.
Where is this office building located?
The property is located at 240 N BLUFF Boulevard Clinton, IA.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Investment portfolio offering two commercial properties in Clinton, IA: 240 N Bluff Blvd and 2320 N 2nd Street; Combined portfolio totals approximately 25,931 SF across 11 suites; Bluff Professional Building at 240 N Bluff Blvd is multi‑tenant with long‑term occupants including Life Connections and The Pregnancy Center
