2490 Lillian Way, Clinton, IA 52732
This exceptional 0.92-acre commercial lot presents a unique investment opportunity in Clinton, Iowa. Located at 2490 Lillian Way, this property boasts a prime location at the northeast quadrant of US Highway 30 and Mill Creek Parkway, providing excellent visibility and accessibility. The lot is part of a larger development featuring an urgent care clinic, a credit union, and a new 325+ unit apartment complex, ensuring high traffic and a thriving surrounding community. All utilities (Alliant Energy and Iowa American Water) are already installed, and the property is fully surveyed and platted, complete with concrete city streets, curbs, gutters, sanitary and storm sewers, and off-site storm water detention. The convenient access points include US Highway 30, Mill Creek Parkway, and Manufacturing Drive, further enhancing its appeal. A significant twenty-plus million dollar upgrade to Manufacturing Drive is planned for 2025-2026, promising future growth and increased property value. The APN is 8063650019, and the zoning is designated for commercial use, making it suitable for a variety of development projects. This is a rare opportunity to acquire a fully developed and ready-to-build commercial lot in a rapidly growing area. The asking price is $192,360. 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.