2420 Lillian Way Clinton, IA 52732
This exceptional 1.31-acre commercial lot, located at 2420 Lillian Way in Clinton, Iowa (zip code 52732), presents a unique investment opportunity. The property, identified by APN 8063650023, is zoned for commercial use and boasts a highly desirable location at the northeast quadrant of US Highway 30 and Mill Creek Parkway. Access is convenient via US Highway 30, Mill Creek Parkway, and Manufacturing Drive. All utilities are already installed, including services from Alliant Energy and Iowa American Water. The land is fully developed, completely surveyed, and platted, featuring concrete city streets, curbs, gutters, sanitary and storm sewers, and off-site storm water detention. This prime location benefits from the presence of an Urgent Care Clinic, a Credit Union, and a new 325+ unit apartment complex in close proximity, ensuring high visibility and potential for significant foot traffic. Furthermore, a substantial twenty-plus million dollar upgrade to Manufacturing Drive is planned for 2024-2025, promising further enhancement to the area's infrastructure and appeal. The asking price for this ready-to-develop lot is $279,611. This presents a compelling opportunity for developers seeking a well-situated, fully serviced parcel in a thriving commercial area. Don't miss this chance to secure a piece of Clinton's vibrant commercial landscape.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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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.