Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Lots in Clinton, Iowa Title is generated by Realmo AI

    2440 Lillian Way, Clinton, IA 52732

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Developed commercial lots available near major retailers and apartments.

    Type:Land
    Lot size:
    1.28 Acres
    Added:
    Jan 24, 2026
    Days on Market:
    119
    Last Refresh:
    Mar 17 at 1:14 pm

    Property Features for 2440 Lillian Way

    General Information

    Standard status
    Active
    Lot size
    1.28 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Matthew Brisch

    Listing agent Matthew Brisch License #IA

    Listing office Coldwell Banker Commercial Howes & Jefferies

    Listing date Jan 24, 2026

    Source Crexi

    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 Commercial Howes & Jefferies

    HighLights

    • Prime location at the NE Quadrant of US HWY 30 & Mill Creek Parkway.
    • Fully developed lots with all utilities installed (Alliant Energy, Iowa American Water).
    • Proximity to major retailers and hundreds of apartment units.
    • Lots are completely surveyed & platted with concrete city streets, sanitary sewer & off‑site detention.
    • Multiple access points from US HWY 30, Mill Creek Parkway, & Manufacturing Drive.
    • Lot sizes range from .67 to 1.28 acres.

    Overview

    Fully developed commercial, retail, and multi-family building lots are available. These lots are located near major retailers and hundreds of apartment units. All utilities, including Alliant Energy and Iowa American Water, are installed. The lots have been completely surveyed and platted, featuring concrete city streets, sanitary sewer, and off-site detention. The lots range in size from 0.67 to 1.28 acres. They are situated in the NE Quadrant of US HWY 30 and Mill Creek Parkway in Clinton, with access from US HWY 30, Mill Creek Parkway, and Manufacturing Drive. There is a twenty-plus million dollar upgrade to Manufacturing Drive.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Clinton
    County
    Clinton
    State
    Iowa
    Longitude
    -90.2992
    Latitude
    41.8802

    Nearby Similar for Sale

    • $526,500

      Development Land Near Wild Rose

      5.53 acre development opportunity in Clinton, Iowa.
      1 Mill Creek Parkway, Clinton, IA 52732
      View Details
    • $425,000
      7,000 SF

      Renovated Downtown Clinton Commercial Space

      Renovated commercial space suitable for multiple businesses in downtown Clinton.
      127 6TH Avenue South, Clinton, IA 52732
      View Details
    • $913,000
      192,535 SF

      Commercial Lots on Highway 30

      Developed commercial lots with utilities near major retailers.
      2420-2490 Lillian Way Clinton, IA 52732
      View Details
    • $175,000
      381,150 SF

      Former School on Eight Acres

      Former elementary school with significant square footage on large lot.
      1850 South Bluff Boulevard, Clinton, IA 52732
      View Details
    • $2,750,000
      13,799 SF

      Walgreens Anchored Retail Opportunity

      Strategic corner location with rent escalation and redevelopment potential.
      806 S 4th St, Clinton, IA 52732
      View Details
    • $150,000
      66,694 SF

      Historic Clinton Property for Redevelopment

      Adaptable 66,694 SF property in Clinton, Iowa's Lyons District.
      2810 N 4th St, Clinton, IA 52732
      View Details
    • $2,150,000

      Prime Commercial Land on Highway

      4.14-acre commercial land parcel with high visibility and flexible zoning.
      2701 Lincoln Way, Clinton, IA 52732
      View Details
    • $1,445,000
      5 SF

      Prime Land Investment Opportunity

      Land on Mill Creek Parkway, Clinton, IA: Investment potential.
      Mill Creek Parkway, Clinton, IA 52732
      View Details
    • $137,000

      Commercial Lots on Highway 30

      Developed commercial lots with utilities near major retailers.
      2460 Lillian Way, Clinton, IA 52732
      View Details
    • $139,000
      2,700 SF

      Income-Producing Triplex with Recent Upgrades

      Triplex with long-term tenants, recent upgrades, and strong cash flow.
      431 6th Ave S, Clinton, IA 52732
      View Details
    • $139,000
      2,950 SF

      Multifamily Property with Three Units

      Three-unit multifamily property available for sale.
      557 6th Ave S, Clinton, IA 52732
      View Details
    • $119,900
      2,494 SF

      Three-Unit Apartment Building For Sale

      Three-unit apartment building available for purchase.
      800 6th Ave S, Clinton, IA 52732
      View Details

    FAQs

    What type of property is this?
    Commercial land - Developed commercial lots available near major retailers and apartments.
    Where is this commercial land located?
    The property is located at 2440 Lillian Way Clinton, IA.
    What is the asking price?
    The asking price for this property is $145,000.
    What are key features of this property?
    This property features: Prime location at the NE Quadrant of US HWY 30 & Mill Creek Parkway.; Fully developed lots with all utilities installed (Alliant Energy, Iowa American Water).; Proximity to major retailers and hundreds of apartment units.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Matthew Brisch
    Real Estate License ID: IA
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2440 Lillian Way, Clinton, IA 52732
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!