Retail Space in Seven-Unit
For Sale
Contact for pricing
2418 Virginia Avenue #3, Clinton, IA 52732
The offering includes 2,400 square feet of retail area in a multi-unit commercial building.
Property Size2,400 SF
Price / SF$0.01
Days on Market32
Property Features for 2418 Virginia Avenue #3
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Retail
Building Details
Year Built
1997
Listing Agency:
Coldwell Banker Howes & Jefferies REALTORS
(563) 242-3265
Listed By:
Dennis Lauver · License #B63532000
(563) 503-9663
Source:
Helenoliveri
Added: Sep 29
Changed: Oct 28
Last Checked: Oct 28 at 2:34PM
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 Coldwell Banker Howes & Jefferies REALTORS
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The retail offering contains 2,400 square feet within a commercial building configured with seven units. The building was constructed in 1997.
The property is located at 2418 Virginia Avenue, Unit 3, in Clinton, Iowa.
The property is located at 2418 Virginia Avenue, Unit 3, in Clinton, Iowa.
Key Highlights
- 2,400 square feet of retail space
- Part of a seven‑unit commercial building
- Built in 1997
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,811
Suggested Prices Based on Cap Rates
Cap Rate 5%
$476,220
$476.2K
Cap Rate 7%
$340,157
$340.2K
Cap Rate 9%
$264,567
$264.6K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$37.2K $15.48/SF
− Vacancy
−$3.1K −$1.31/SF
EGI
$34.0K $14.17/SF
− OpEx
−$10.2K −$4.25/SF
NOI
$23.8K $9.92/SF
Area
Clinton County, IA
Vacancy
8.44%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$476,220
Cap Rate 7%
$340,157
Cap Rate 9%
$264,567
Alternative Uses
Best Use
Retail
$340.2K
$297.6K – $396.9K
NOI $23,811 @ 7.0% cap · market cap 148,818.75%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$352.9K
$308.8K – $411.8K
NOI $24,705 @ 7.0% cap · market cap 154,406.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
298
Businesses Nearby
153k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 41%
Dining 40%
Groceries 11%
Electronics 4%
Kwik Trip
Shops & Services
34,586 visits/mo
0.1 miles
Culver's
Dining
21,466 visits/mo
0.3 miles
Aldi
Groceries
16,950 visits/mo
0.2 miles
Hobby Lobby
Shops & Services
15,529 visits/mo
0.2 miles
Buffalo Wild Wings
Dining
13,702 visits/mo
0.2 miles
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
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - The offering includes 2,400 square feet of retail area in a multi-unit commercial building.
Where is this retail space located?
The property is located at 2418 Virginia Avenue #3 Clinton, IA.
What are key features of this property?
This property features: 2,400 square feet of retail space; Part of a seven‑unit commercial building; Built in 1997
