Former Farmers Savings Bank building at 640 Hwy 1 W, Iowa City is for sale. This space is highly visible and ideally located and configured for a bank, credit union or other financial institution. Daily traffic count is 23,400 cars per day and the zoning is CC2 allowing office and retail uses. The bank portion is vacant & consists of 5,277 SF plus a bank drive through of 660 SF. The bank suite is set up with 7 hard wall offices, several cubicles, teller stations, drive-through stations, work areas, conference room, electronic demark room, mechanical and storage areas. There is a cash vault, main vault, security system and personal property expected in a bank. The furniture, security cameras, cash machine change counter and ATM are negotiable. The building generates income from 2 long-term leases. Jensen Eye Care occupies 3,137 SF with exceptional build out, There is a second lease for 500 ft of exterior space for a cell tower. Lease information is available after first signing an NDA provided in Assoc. Docs. Jensen Eye Care requires 24 hour notice for showings with confirmation. See floor plans in photos.

Listing ID #202400533

Commercial For Sale

640 Hwy 1 W, Iowa City, Iowa 52246

Square Feet0
Construction Year2007
Lot Size2.04 Acre
Country : US
State : IA
County : Johnson
City : Iowa City
Zipcode : 52246
Status CategoryActive
Agent info
Jeff Edberg
Lepic-Kroeger, REALTORS
Mortgage Calculator
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0 Sqft
Cash Conventional
See Remarks
Hwy 1 W located next to Culvers and across the street from Aldi's.
Additional Details
2.04 Acre
Central A/c
Forced Air Gas
2024-01-31 16:10:15

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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