Commercial Sale
- Iowa Ave, Iowa City, Iowa 52240
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Description

George’s Best Gyros is for sale! (Ped Mall food cart and brick & mortar restaurant at 213 Iowa Ave) Established in 1984 as a food cart, George’s Gyros has become a staple of Iowa City’s downtown nightlife for over 40 years. Enormous profit potential for a hands on entrepreneur that wants to embark in the downtown Iowa City fast food / late night food business or a seasoned operator already in the business. The restaurant is located between two popular college bars and across from the University of Iowa campus. Additional income in local festivals, private parties, tailgates, etc. Gross rent at 213 Iowa Ave, Iowa City is $2882 / month with options to renew. City Plaza cart permit subject to city approval. 213 Iowa Ave lease assignment / sublease is subject to Landlord approval. Great profit margin potential / low food costs. Perfect for a hands on owner operator. Equipment & inventory transfers to buyer. Sale is for business only. No real estate is included. Owner is a licensed Realtor in Iowa. Hood Vent and Coolers at restaurant are property of landlord, but maintained by tenant. Additional storage space in basement at 213 Iowa Ave.

Property Description

George’s Best Gyros is for sale! (Ped Mall food cart and brick & mortar restaurant at 213 Iowa Ave) Established in 1984 as a food cart, George’s Gyros has become a staple of Iowa City’s downtown nightlife for over 40 years. Enormous profit potential for a hands on entrepreneur that wants to embark in the downtown Iowa City fast food / late night food business or a seasoned operator already in the business. The restaurant is located between two popular college bars and across from the University of Iowa campus. Additional income in local festivals, private parties, tailgates, etc. Gross rent at 213 Iowa Ave, Iowa City is $2882 / month with options to renew. City Plaza cart permit subject to city approval. 213 Iowa Ave lease assignment / sublease is subject to Landlord approval. Great profit margin potential / low food costs. Perfect for a hands on owner operator. Equipment & inventory transfers to buyer. Sale is for business only. No real estate is included. Owner is a licensed Realtor in Iowa. Hood Vent and Coolers at restaurant are property of landlord, but maintained by tenant. Additional storage space in basement at 213 Iowa Ave.

Basic Details
Property Type:
Commercial
Listing Type:
Sale
Listing ID:
202600882
Price:
$150,000
Country:
US
State:
IA
County:
Johnson
City:
Iowa City
Zipcode:
52240
Features
Heating:
Electric, Baseboard
Cooling System:
Wall Units
Roof:
Other
Construction:
Brick
Address Map
Street Number:
213
Street:
Iowa Ave
Floor Number:
0
Longitude:
W92° 28' 3.3''
Latitude:
N41° 39' 39.6''
More Information
Office Name:
Urban Acres Real Estate
Directions:
Iowa Ave. Downtown Iowa City.
Zoning:
CB10
Lot Dimensions:
20 x 150
LA1Agent Logon Name:
I742
LA1Agent First Name:
Mark
LA1Agent Last Name:
Paterno
LO1Main Office ID:
IUAR
319.351.1111 - 250 Holiday Road, Coralville, IA 52241
Agent Information
Additional Details
Wall Units
Brick
02/02/2026
Iowa Ave. Downtown Iowa City.
20 x 150