309 Cedar StWilton, IA 52778

For Sale
$275,000

Established Business w/ Apartments

Overview

Added:
Dec 11, 2024
Days on market:
90
This exceptional commercial property, located at 309 and 311 Cedar Street in Wilton, Iowa, presents a unique investment opportunity. The property consists of two buildings, constructed in 1884, offering over 4,100 square feet of main-level commercial space currently housing an established, turnkey business. Included in the sale is all equipment (excluding games and touch tunes). The property also features three income-generating apartments, contributing an annual gross income of $19,200. The apartments are currently rented with utilities included. Recent improvements include a new roof (2018), new walk-in cooler compressor (December 2023), and new furnaces (2022). The property boasts a busy corner location and benefits from a practical utility setup with two water meters, two gas meters, and five electric meters. Heating in the apartments is a mix of electric and gas forced air. The asking price is $275,000. Showings are available only during operating hours, from noon to 2:00 AM. Detailed financial information will be provided at the owner's discretion. This property offers a blend of commercial and residential income streams, making it an attractive investment prospect. The property is zoned for Commercial, Office, and Retail use.

Highlights

  • $275,000 asking price.
  • Land, office, and retail property with two buildings.
  • Built in 1884.
  • 4,100+ sq ft of main-level commercial space; includes equipment (excluding games and touch tunes).
  • Three apartments generating $19,200 annual gross income (utilities included in rent).

Property Details for 309 Cedar St

Property type
Other retail properties, Other office properties
Year Built
1884
Buildings
2

Location Insight

City
Wilton
County
Muscatine
State
Iowa
Latitude
41.588146
Longitude
-91.018694
309 Cedar St, Wilton, Iowa

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309 Cedar St
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