Property summary
Exceptional investment opportunity: This 1.95-acre commercial property in Le Claire, Iowa, features a former Pebble Creek Golf Course clubhouse currently generating $12,000 per month in rental income from two existing leases. One lease utilizes a portion of the building for office space, while the other operates it as a banquet hall. The property is zoned C and benefits from convenient cross-easement parking shared with neighboring Jerry's and 5 Cities Brewery. This prime location offers significant potential for future development or continued income generation from the existing leases. Note that the adjacent 89.51-acre former golf course is also available for separate purchase. This presents a unique chance to acquire a valuable commercial property with immediate cash flow and significant upside potential in a desirable Iowa location. Detailed financial information and lease agreements are available upon request. The property address is 3851 Forest Grove Road, Le Claire, IA 52753. Asking price is $1,350,000.
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Property description
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