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Property profile & analytics
FOR SALE
Retail space

222 N 2Nd St Eldridge, IA 52748

4,050 SF 0.14 ac lot Built 1873
Entity Owned 20-yr Hold Absentee Owner Free & Clear
Property ID
US25-0461551
Property summary
AI-generated overview

This exceptional investment opportunity presents a 4,050 square foot, single-story commercial building situated on a 0.14-acre lot at 222 N 2nd Street in Eldridge, IA. Currently housing four thriving businesses – a barbershop, dog grooming facility, nutrition vendor, and chiropractic office – this property offers instant income with a combined monthly gross rent of $2,900. Each of the four units boasts its own half-bath and separate access points, providing convenience and privacy for tenants. The building features convenient curbside access for easy loading and unloading. Leases are currently in place, expiring in March 2025, ensuring a steady stream of income for the foreseeable future. The landlord covers sewer and trash expenses, while tenants are responsible for all other utilities. This property represents a rare chance to acquire a well-established, multi-tenant commercial building in a desirable location with significant potential for future growth and appreciation. The asking price is $325,000. This turnkey operation requires minimal management and offers a strong return on investment. The property's location in Eldridge, IA, provides excellent visibility and accessibility, making it an attractive destination for businesses and customers alike. Don't miss this opportunity to secure a profitable and stable commercial investment.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1873
Construction FRAME
Total area 4,050 SF
Lot 0.14 ac (5,881 SF)
APN 931150904061
UPID US25-0461551
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Pawsitively Purrfect Pet Grooming Pet Grooming Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Maroede Holdings L L C · 20 yrs held
Maroede Holdings L L C
since 2006
2 recorded transactions
2017
Price N/A
2006
$106,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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