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    OFF-MARKET
    Day care centers

    638 Blf Blvd, Clinton, IA 52732-4742

    4,970 SF 7.69 ac lot Built 1985
    Entity Owned Free & Clear
    Property ID
    US25-0350718
    Property summary
    AI-generated overview

    This exceptional 8.68-acre property, located at 638 S Bluff Blvd, Clinton, Iowa, presents a unique redevelopment opportunity. The site encompasses two buildings totaling approximately 209,000 square feet across four floors, situated on two separate parcels. Currently vacant and tax-exempt, this former Mercy Medical Center South Campus offers significant potential for various uses, including multifamily housing, senior living facilities, or mixed-use developments. The property's R-B1 zoning permits a range of possibilities. Built in 1945, the main structure provides a substantial foundation for a transformative project. A key feature is an existing, operational childcare building on the site. The seller is open to considering a sale/leaseback arrangement for this facility, offering added flexibility. The property is currently unpriced. Interested parties should schedule property tours in advance. This is a rare chance to acquire a large, versatile site in a desirable location with considerable potential for a high-return investment.

    Property profile
    Verified
    Property type Day care centers
    Use group DAY CARE, PRE-SCHOOL
    Year built 1985
    Total area 4,970 SF
    Lot 7.69 ac (334,976 SF)
    APN 8063360000
    UPID US25-0350718
    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
    Current use
    Occupant on record · Public records
    • Griffith Kathryn E Medical Clinic
    • Micah Johnson, LMSW Foster Care Service Social Service Agency
    • Dr. Joshua E. Nnanji, MD Physician
    • Michael Mankarious PC Medical Clinic
    • Bridgeview Community Mental: Eggers Andra Physician
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    MERCY MEDICAL CENTER CLINTON INC
    MERCY MEDICAL CENTER CLINTON INC
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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