309 Cedar St Wilton, IA 52778
- Bars
- 3,640 SF
- 0.05 lot acres
Current Use by Public Records
- Bars
Property Details for 309 Cedar St
- Year built
- 1888
- Lot size
- 0.05 lot acres
- Property size
- 3,640 SF
- Zone code
- C2-CENTRAL COMMERCIAL
- Property type
- Bars
- Property subtype
- Pubs
- APN
- 406168007
- APU
- 406168007
Description
This exceptional commercial investment opportunity encompasses two buildings at 309 and 311 Cedar Street in Wilton, IA, totaling 6,756 square feet on a 0.1-acre lot. The main level offers over 4,100 square feet of established commercial space, complete with all equipment (excluding games and touch tunes). Three apartments, currently rented with utilities included, generate an annual gross income of $19,200, significantly offsetting operating expenses. This prime corner location boasts a newly installed walk-in cooler compressor (December 2023), new furnaces (2022), and a roof replaced in 2018. The property's utility infrastructure is well-equipped with two water meters, two gas meters, and five electric meters. Heating systems vary: two apartments in 309 utilize electric heat, while the apartment in 311 features gas forced-air heating. Showings are available exclusively during operating hours, from noon to 2:00 AM. Detailed financial information will be disclosed at the owner's discretion. This turnkey business presents a compelling opportunity for a savvy investor seeking a profitable and established commercial venture with significant income potential. The property is priced at $275,000.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Wilton
- County
- Muscatine
- State
- Iowa
- Longitude
- -91.0187
- Latitude
- 41.5881
- CBSA code
- 34700
- CBSA name
- MUSCATINE, IA MICROPOLITAN STATISTICAL AREA
