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Description

Investment property fully leased downtown Iowa City with one parking spot behind the building. Sale to be part of a 1031 exchange. Cash financing is the only way to pencil just over a 5% cap rate. Main floor and basement (1900 sq. ft) retail space below is leased by The Wedge Pizzeria through January 31, 2030. Tenant has three 5 year options. Residential space above (988 sq. ft) fully rented without lease which could make easier for renovation options.

Listing ID #202601140

Commercial Sale

113 Iowa Ave
Iowa City, Iowa 52240

$1,250,000
Lot Size0.04 Acre
Country : US
State : IA
County : Johnson
City : Iowa City
Zipcode : 52240
StatusActive
Listing Agent
Zach Hammes
Lepic-Kroeger, REALTORS
Mortgage Calculator
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Features
202601140
Frame, Brick
South on Dubuque St, West on Iowa Ave.
Additional Details
0.04 Acre
Central Air
Natural Gas
Tar Gravel
02-13-2026
19 X 100

Information on this page deemed reliable, but not guaranteed to be accurate. Listing information was entered by the listing agent and provided by ICAAR (Iowa City Area Association of REALTORS®) MLS and CRAAR (Cedar Rapids Area Association of REALTORS®) MLS. Urban Acres claims no responsibility for any misinformation, typographical errors, or misprints displayed from the MLS sources.

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