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    OFF-MARKET
    Commercial real estate

    2490 Lillian Way, Clinton, IA 52732

    0.92 ac lot
    Property ID
    US25-1132493
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 0.92 ac (40,075 SF)
    APN 8063650019
    UPID US25-1132493
    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
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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