Technical
Financial
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Property profile

919 6Th Ave Dewitt, IA 52742

FOR SALE
Turn key restaurants
Property ID
US25-1097445
7,560 SF 0.12 ac lot Built 1902
Entity Owned Absentee Owner Free & Clear
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919 6Th Ave, Dewitt, IA 52742 For Sale
$464,900 7,560 SF
919 6Th Ave, Dewitt, IA 52742
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Property summary

AI-generated overview

This exceptional investment opportunity in DeWitt, Iowa, presents a unique blend of commercial and residential spaces within a single building at an asking price of $685,000. Located at 919 6th Avenue, this property boasts a rich history, having been constructed in 1902. The building comprises a total of six units, strategically divided to maximize income potential. The ground floor features two sizable retail spaces, previously occupied by a restaurant and an antique store, offering versatile options for future tenants. These spaces could easily be adapted to accommodate a bar, office space, or various retail ventures. Upstairs, four well-maintained apartment units provide consistent rental income. The residential units consist of three one-bedroom apartments and one two-bedroom apartment, catering to a diverse range of tenants. This property's combination of commercial and residential units makes it an ideal investment for both seasoned investors and business owners seeking a diversified portfolio. The property's location in DeWitt, Iowa, within Clinton County, offers access to a thriving community and convenient amenities. This is a rare chance to acquire a historically significant building with proven rental income and significant upside potential. The property is classified as land, industrial, office, retail, and multifamily, reflecting its diverse functionality and appeal. This is a turnkey investment ready for immediate income generation.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1902
Total area 7,560 SF
Lot 0.12 ac (5,032 SF)
APN 2001920000
UPID US25-1097445

Cap rate & NOI

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

Location

919 6Th Ave Dewitt, IA 52742
Dewitt metro Census 900 CLINTON, IA MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$265k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$265k

Owner & transaction history

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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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