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Property profile & analytics
OFF-MARKET
Turn key restaurants

919 6th Ave De Witt, IA 52742-1330

7,560 SF 0.12 ac lot Built 1902
Entity Owned Absentee Owner Free & Clear
Property ID
US25-1097445
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
SCB PROPERTIES, L L C
SCB PROPERTIES, L L C
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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