2634 300Th Ave DeWitt, IA 52742
This exceptional 79.74-acre property in DeWitt, Iowa, presents a unique investment opportunity. Located just 16 miles north of the Iowa Quad Cities, this expansive tract boasts mature timberland featuring oak, hickory, and cherry trees. A significant advantage is its existing residential zoning, eliminating the need for rezoning and streamlining the development process. The property includes a 200-foot drilled water well, ensuring ready access to a crucial resource. A constructed roadway runs the length of the property, providing convenient internal access. Further enhancing its appeal, the land is situated on a hard-surfaced road and adjacent to Timber Creek Estates, offering established neighborhood proximity. A creek located near the western edge presents the potential for creating a lake or pond, adding significant recreational value. This is one of the largest remaining tracts of upland timber in Clinton County, making it a rare and highly desirable investment. The property is already surveyed, simplifying development planning. Offered at $2,240,000, this land presents a compelling opportunity for residential development in a highly sought-after location. The trust ownership ensures a clear and straightforward transaction.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
2 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.