Property profile

724 2nd St Clinton, IA 52732

OFF-MARKET
Office buildings
Property ID
US25-1246261
2,824 SF 0.13 ac lot Built 1948
Individually Owned 3-yr Hold Absentee Owner Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional commercial property, located at 724 N 2nd Street in Clinton, Iowa, presents a unique opportunity for businesses seeking a versatile and well-situated office space. The single-tenant building, constructed in 1948, boasts a total of 3,400 square feet, all currently vacant and ready for immediate occupancy. The main level encompasses approximately 1700 square feet and features a welcoming reception area, three private offices, a functional conference room, a convenient kitchenette, a restroom, and a laundry area. This provides ample space for a variety of business needs. A sizable basement area, also approximately 1700 square feet, offers excellent storage capacity. The property is zoned for commercial use and sits on a lot with an APN of 8048020000 in Clinton County. Note that a rear apartment and garage are separately rented and are not included in this offering. This high-visibility location in Clinton, Iowa (zip code 52732) offers excellent accessibility and exposure for any business. The property's single-tenant configuration provides simplicity and control, making it an ideal investment or operational space. This is a rare opportunity to acquire a well-maintained, established office building in a desirable location. The property is ready for immediate occupancy.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1948
Total area 2,824 SF
Lot 0.13 ac (5,600 SF)
APN 8048020000
UPID US25-1246261

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Law Firm

Location

724 2nd St Clinton, IA 52732-3815
Clinton metro Census 500 CLINTON, IA MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$70k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$70k

Owner & transaction history

since 2023
Last sale
$51,000
5 recorded transactions
2023
Price N/A
2014
$51,000
2012
$35,069
2010
$41,656
2007
$51,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 724 2nd St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message