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200 S 2ND Street

Clinton, IA 52732
  • $75,000
  • STATUS: Active
  • ON SITE: 136 Days
  • ID#: QC4244774
$75,000
  • 0
    BEDS
  • 0.05
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1900
County:
Area:

School Ratings & Info

Description

Here is an investment opportunity. Property has a thriving locally owned restaurant on the main floor and three apartments on the second floor. Tenant operates restaurant on main floor and pays $800/month plus all utilities. Water heater, AC unit and other updates have been made recently to the restaurant. With updates, three apartments will be very steady revenue generator and will provide steady return on investment. Includes use of the parking lot that is located behind the property to the west. Measurements are approximate and to be verified by buyer.

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© 2023 RMLS Alliance, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Nikki Sailor | Mel Foster Co. Data last updated: 2023-12-03T23:45:00.387.
www.nikkisailor.com/homes/141662818
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200 S 2ND Street Clinton, IA 52732

  • Price: $75,000
  • Status: Active
  • On Site: 136 Days
  • ID#: QC4244774
0
Beds
0
Baths
0
½ Baths
0.05
Acres
1900
Built
Neighborhood:
Qcara Area
County:
Clinton
Area:
Qcara Area
Property Description
Here is an investment opportunity. Property has a thriving locally owned restaurant on the main floor and three apartments on the second floor. Tenant operates restaurant on main floor and pays $800/month plus all utilities. Water heater, AC unit and other updates have been made recently to the restaurant. With updates, three apartments will be very steady revenue generator and will provide steady return on investment. Includes use of the parking lot that is located behind the property to the west. Measurements are approximate and to be verified by buyer.
Exterior Features

Construction Materials BrickFrame Roof FlatMembrane

Interior Features

Building Area Total 4186 Cooling Central Air Flooring Wood Heating Forced Air

Property Features

Agent Owned No Financing Cash OnlyConventional Frontage Type City StreetCorner Lot Lease Term Years - 2 Levels TwoBasement Lot Size Dimensions 23 x 100 Net Operating Income -1104 Owner Pays InsuranceTaxes Possible Use Multi-FamilyRestaurant Sewer Public Sewer Tax Annual Amount 1104 Tax Incentive1 In City Limit Tax Legal Description CLINTON N 23' OF LOTS 23 & 24 BLK 11 Tax Year 2021 Tenant Pays Common Area MaintenanceElectricityGasHeatTrash CollectionWater/Sewer Type Commercial Water Source Municipal/City Zoning Commercial

Listing provided courtesy of Dennis Lauver of Coldwell Banker Howes & Jefferies Realtors: Cell: 563-503-9663.
© 2023 RMLS Alliance, LLC. All Rights Reserved.


© 2023 RMLS Alliance, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Nikki Sailor | Mel Foster Co. Data last updated: 2023-12-03T23:45:00.387.
 
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Nikki Sailor | Mel Foster Co
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