Industrial Warehouse in DeWitt,
2417 260TH AVE Dewitt, IA 52742
2417 260TH AVE, Dewitt, IA, 52742
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For Sale
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Functional warehouse property on 2.29 acres near Highway 30.
Property Size15,200 SF
Lot Size2.29 Acres
Price / SF$57.57
Days on Market58
Property Features for 2417 260TH AVE
General Information
- Standard status
- Active
- Size
- 15,200 SF
- Lot size
- 2.29 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 1975
Listing Agency
NAI Ruhl Commercial Company
Listed by
Shawn Langan · License #S62759000
Source
Crexi
Added: May 21 Checked: Jul 17 at 3:37 am
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 industrial warehouse property is located in DeWitt, Iowa, and offers approximately 15,920 square feet of space on 2.29 acres. The property includes a 14,000 square foot rigid-frame metal warehouse, originally constructed in 1975, along with a 1,200 square foot office addition, mezzanine storage, and an auxiliary warehouse/storage building. The warehouse is configured in two sections, each approximately 70 feet by 100 feet, and includes an existing office buildout and three restrooms. The property features multiple powered overhead doors, including two drive-in doors (one 12' x 14' and one 10' x 14') and two dock-height loading doors (10' x 10' each with seals). Radiant warehouse heat, 3-phase power, fiber optic internet availability, spray foam insulation, existing exhaust systems, welding infrastructure, and functional warehouse infrastructure are also present. The warehouse has approximate 16-foot sidewalls and a peak height estimated around 22-24 feet. The property's land-to-building ratio supports outdoor storage and operational flexibility. Concrete block structural walls, a functional warehouse layout, and an existing office configuration provide immediate usability for various industrial users. The current ownership reports that roof and exterior metal improvements have been completed in recent years. The property is serviced by a private well and septic system and is zoned M-2. It offers convenient access to Highway 30 and the greater Eastern Iowa / Quad Cities region, supporting contractor, fabrication, logistics, service, warehouse, and owner-user industrial operations.
Key Highlights
- 15,920 SF industrial warehouse on 2.29 acres, offering ample space.
- Multiple powered overhead doors (2 drive‑in, 2 dock‑height) for efficient loading.
- Functional warehouse infrastructure including radiant heat, 3‑phase power, and fiber optic internet.
Local Financial Insights For Industrial
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 | $111.3k | $7.32 |
| − Vacancy | −$6.4k | −$0.42 |
| EGI | $104.9k | $6.90 |
| − OpEx | −$31.5k | −$2.07 |
| NOI | $73.4k | $4.83 |
15,200 SF · lease $7.32/SF/yr · vacancy 5.71% · expense 30.00%
Alternative Uses
Best Use
Warehouse
$1.27M
$1.11M – $1.49M
NOI $89,174 @ 7.0% cap · market cap 10.19%
Second Best
Industrial
$1.05M
$918.0K – $1.22M
NOI $73,438 @ 7.0% cap · market cap 8.39%
Theoretical Best
Specialty Retail
$2.24M
$1.96M – $2.61M
NOI $156,465 @ 7.0% cap · market cap 17.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Warehouse - Functional warehouse property on 2.29 acres near Highway 30.
Where is this warehouse located?
The property is located at 2417 260TH AVE Dewitt, IA.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: 15,920 SF industrial warehouse on 2.29 acres, offering ample space.; Multiple powered overhead doors (2 drive‑in, 2 dock‑height) for efficient loading.; Functional warehouse infrastructure including radiant heat, 3‑phase power, and fiber optic internet.