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222 2nd St Clinton, IA 52732-4216

OFF-MARKET Specialty properties Google Maps
15,200 SF 0.17 ac lot Built 1929
Entity Owned Absentee Owner Free & Clear
Estimated value (blended)
$300k
Range $270k – $330k (±10%)
Property ID US25-1223072

Property summary

AI-generated overview

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.

Property profile

Verified
Property type Specialty properties
Use group CHARITABLE ORGANIZATION
Year built 1929
Total area 15,200 SF
Lot 0.17 ac (7,200 SF)
APN 8013170500
UPID US25-1223072

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$300k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$300k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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