222 2Nd StEldridge, IA 52748

For Sale
$325,000

High-Yield Quadplex, Prime Location

Overview

Added:
Feb 3
Days on market:
38
This exceptional investment opportunity presents a 4,050 square foot, single-story commercial building situated on a 0.14-acre lot at 222 N 2nd Street in Eldridge, IA. Currently housing four thriving businesses – a barbershop, dog grooming facility, nutrition vendor, and chiropractic office – this property offers instant income with a combined monthly gross rent of $2,900. Each of the four units boasts its own half-bath and separate access points, providing convenience and privacy for tenants. The building features convenient curbside access for easy loading and unloading. Leases are currently in place, expiring in March 2025, ensuring a steady stream of income for the foreseeable future. The landlord covers sewer and trash expenses, while tenants are responsible for all other utilities. This property represents a rare chance to acquire a well-established, multi-tenant commercial building in a desirable location with significant potential for future growth and appreciation. The asking price is $325,000. This turnkey operation requires minimal management and offers a strong return on investment. The property's location in Eldridge, IA, provides excellent visibility and accessibility, making it an attractive destination for businesses and customers alike. Don't miss this opportunity to secure a profitable and stable commercial investment.

Property Details for 222 2Nd St

Property type
Other commercial real estate
Square Feet
4,050 SF
Year Built
1873
Lot Size (sq. ft)
6,098 SF

Location Insight

City
Eldridge
County
Scott
State
Iowa
Latitude
41.65711
Longitude
-90.58457
222 2Nd St, Eldridge, Iowa

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222 2Nd St
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