1801 11th St De Witt, IA 52742-1253
This exceptional industrial property in DeWitt, Iowa, presents a unique investment opportunity. The complex comprises three buildings totaling 37,632 square feet, situated on a substantial 7.18-acre lot. Building 1, a warehouse/showroom space, offers 22,080 square feet, featuring four overhead doors, one sliding door, and 3-phase electrical service within the main shop area. Building 2 is a 10,368-square-foot warehouse equipped with one overhead door and 3-phase electrical service. Building 3 is a 5,184-square-foot post-frame structure with a roof only, lacking exterior walls, offering potential for customization. The entire complex benefits from a robust 600-amp, 3-phase electrical service. While not sprinklered, the buildings offer significant space and potential. Approximately 4.43 to 4.68 usable acres are available, with an additional 2.5 to 2.75 acres situated in a floodplain. This expansive lot allows for ample outdoor storage. The property is connected to the city sewer system and utilizes a private well. Benefitting from high visibility on 11th Street, with an average annual daily traffic count of nearly 9,000 vehicles, this location provides excellent access to both Highway 30 and Highway 61, ensuring convenient transportation and logistics. This property is ideal for businesses requiring substantial space, outdoor storage, and high visibility.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.