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    309 Cedar St Wilton, IA 52778

    For Sale
    $275,000

    Established Business w/ Apartments

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional commercial property, located at 309 and 311 Cedar Street in Wilton, Iowa, presents a unique investment opportunity. The property consists of two buildings, constructed in 1884, offering over 4,100 square feet of main-level commercial space currently housing an established, turnkey business. Included in the sale is all equipment (excluding games and touch tunes). The property also features three income-generating apartments, contributing an annual gross income of $19,200. The apartments are currently rented with utilities included. Recent improvements include a new roof (2018), new walk-in cooler compressor (December 2023), and new furnaces (2022). The property boasts a busy corner location and benefits from a practical utility setup with two water meters, two gas meters, and five electric meters. Heating in the apartments is a mix of electric and gas forced air. The asking price is $275,000. Showings are available only during operating hours, from noon to 2:00 AM. Detailed financial information will be provided at the owner's discretion. This property offers a blend of commercial and residential income streams, making it an attractive investment prospect. The property is zoned for Commercial, Office, and Retail use.

    Property Features for 309 Cedar St

    General Information

    Property type
    Retail properties

    Building Details

    Year Built
    1884
    Buildings
    2

    HighLights

    • $275,000 asking price.
    • Land, office, and retail property with two buildings.
    • Built in 1884.
    • 4,100+ sq ft of main‑level commercial space; includes equipment (excluding games and touch tunes).
    • Three apartments generating $19,200 annual gross income (utilities included in rent).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Wilton
    County
    Muscatine
    State
    Iowa
    Longitude
    -91.018694
    Latitude
    41.588146

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    Nearby Similar for Sale

    • $275,000
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      Wilton, IA Commercial Property Investment

      Established business w/3 income-generating apartments.
      309 Cedar St, Wilton, IA 52778
      View Details
    • $950,000
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      Wilton, IA Industrial Property

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    • $275,000
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      Wilton, IA Bar & Apartments

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    FAQs

    What type of property is this?
    Retail property - Established Business w/ Apartments
    Where is this retail property located?
    The property is located at 309 Cedar St Wilton, IA.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: $275,000 asking price.; Land, office, and retail property with two buildings.; Built in 1884.
    Request Owner's contact information
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    Realmo Value Estimation

    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.

    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.

    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
    309 Cedar St Wilton, IA 52778
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