333 4Th AveClinton, IA 52732

Property Details for 333 4Th Ave

Year built

1967

Lot size

0.32 AC

Property size (Sq ft)

3,600 SF

Property type

Office properties

Property subtype

Office buildings

APN

8015710000

APU

8015710000

Description

This exceptional 3,600 square foot commercial building is ideally situated in downtown Clinton, Iowa, directly across from the new brewery and city park. Boasting excellent visibility from major thoroughfares, this property offers unparalleled exposure for any business. Its strategic location adjacent to the YWCA further enhances its appeal. Currently configured as an office building, the space includes at least nine windowed offices, multiple storage rooms on all levels, three restrooms, conference rooms, a lunchroom, and an attractive reception area. Ample parking is available for both employees and clients. The interior layout, while currently divided into offices, is highly adaptable. The interior walls are non-structural, allowing for easy reconfiguration to suit a variety of uses, including retail or multi-family conversion. The property sits on a 0.3-acre lot. A significant advantage is the inclusion of a two-year lease currently in place, providing immediate income potential. The seller is open to negotiating contract financing options, making this an attractive opportunity for buyers seeking flexible terms. Quick possession is available. This versatile property presents a unique chance to acquire a well-located commercial building with significant potential for future development and adaptation.

• CAP approach

  CAP return

  Valuation

  6%

  $650,023

  6.5%

  $600,021

  7%

  $557,162

• Comparable approach

  Method

  Valuation

  Relative Method

  $365,483

  Geo Method

  $468,900

• Alternative Use

  Use

  Valuation

  Residential

  $744,026

  Hospitality

  $681,524

  Educational

  $567,020

  Medical

  $586,520

  Retail

  $882,031

Location Insight

City

Clinton

County

Clinton

State

Iowa

Latitude

41.842

Longitude

-90.1924

CBSA code

17540

CBSA name

CLINTON, IA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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