222 2nd St, Clinton, IA 52732-4216
This exceptional 7,200 square foot commercial property, situated on a 0.16-acre lot at 222-224 S 2nd Street in Clinton, IA, presents a unique investment opportunity. Ideally located on the bustling US Highway 67, this building boasts a prime position next to a thriving local coffee shop, ensuring high visibility and foot traffic. Currently configured as a banquet hall, bar, and restaurant, the property is equipped with all necessary fixtures and equipment, including two fully functional bars, two spacious banquet areas, a dedicated meeting space, and a well-appointed kitchen. The building features zoned heating and cooling for optimal climate control. While the parking lot to the west of the building is not included in the sale, it will be separated into a distinct parcel prior to closing, ensuring a clean transaction. A cross-access agreement will be provided by the seller to guarantee continued convenient access for patrons. This turnkey operation is priced at $110,000. All measurements are approximate and should be independently verified by the prospective buyer. This is an exceptional opportunity for an entrepreneur to establish or relocate a thriving business in a high-demand location.
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
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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.