2460 Lillian Way Clinton, IA 52732
This exceptional 0.78-acre commercial lot presents a unique investment opportunity in Clinton, Iowa. Strategically located at the northeast quadrant of US Highway 30 and Mill Creek Parkway, this property boasts unparalleled accessibility via US Highway 30, Mill Creek Parkway, and Manufacturing Drive. The lot is fully developed, with all utilities (Alliant Energy and Iowa American Water) already installed. Comprehensive surveying and platting are complete, featuring concrete city streets, curb and gutter systems, sanitary and storm sewers, and off-site storm water detention. This ensures a seamless and cost-effective development process. The property's prime location benefits from the presence of an Urgent Care Clinic, a Credit Union, and a new 325+ unit apartment complex in the immediate vicinity, creating a vibrant and high-traffic environment. Further enhancing its appeal, a significant twenty-plus million dollar upgrade to Manufacturing Drive is slated for completion between 2025 and 2026, promising increased visibility and accessibility. The property is zoned for commercial use, making it ideal for a wide range of development possibilities. APN: 8063650021. Asking price: $163,088.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
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