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    OFF-MARKET
    Office buildings

    724 2nd St, Clinton, IA 52732-3815

    2,824 SF 0.13 ac lot Built 1948
    Individually Owned 3-yr Hold Absentee Owner Free & Clear
    Property ID
    US25-1246261
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Noel Law Firm Law Firm
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Scott A Schultz · 3 yrs held
    Scott A Schultz
    since 2023
    Last sale
    $51,000
    5 recorded transactions
    2023
    2014
    $51,000
    2012
    $35,069
    2010
    $41,656
    2007
    $51,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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