2440 Lillian Way Clinton, IA 52732
For Sale
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This exceptional 0.81-acre commercial lot presents a unique investment opportunity in Clinton, Iowa. Located at 2440 Lillian Way, this property boasts a prime location in the northeast quadrant of US Highway 30 and Mill Creek Parkway, offering convenient access from multiple major roadways, including US Highway 30, Mill Creek Parkway, and Manufacturing Drive. The lot is situated near significant developments, including the Clinton Auto Group Ford Dealer, an urgent care clinic, a credit union, and a new 325+ unit apartment complex, ensuring high visibility and strong potential for future growth. All utilities are already installed (Alliant Energy and Iowa American Water), and the property is fully surveyed and platted, featuring concrete city streets, curbs, gutters, sanitary/storm sewers, and off-site storm water detention. The area is experiencing significant infrastructure improvements, with a planned twenty-plus million dollar upgrade to Manufacturing Drive slated for 2024-2025. This fully developed lot is zoned for commercial use and presents an exceptional opportunity for developers seeking a ready-to-build site in a thriving commercial area. The APN is 8063650022. The asking price is $169,361. 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.