Commercial For Sale
0 Sqft - 640 Hwy 1 W, Iowa City, Iowa 52246
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Description

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.

Property Description

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.

Basic Details
Property Type:
Commercial
Listing Type:
For Sale
Listing ID:
202400533
Price:
$2,300,000
Beds:
0
Baths:
0
Half Bathrooms:
0
Square Feet:
0 Sqft
Construction Year:
2007
Lot Size:
2.04 Acre
Country:
US
State:
IA
County:
Johnson
City:
Iowa City
Zipcode:
52246
Status Category:
Active
Area:
Iowa City
Features
Heating Fuel:
Forced Air, Gas
Cooling System:
Central A/c
Roof:
Composition
Internet:
Yes
Elevators:
No
Possible Finance:
Cash, Conventional
Possession:
Immediate
Showing Instructions:
See Remarks
Address Map
Street:
640 Hwy 1 W
Floor Number:
0
Longitude:
W92° 27' 6.2''
Latitude:
N41° 38' 53''
More Information
Office Name:
Lepic-Kroeger, REALTORS
Ownership Type:
Commercial
Update Date:
02-07-2024 06:00:31
Directions:
Hwy 1 W located next to Culvers and across the street from Aldi's.
Zoning:
CC2
Lot Dimensions:
88,862
LA1Agent Logon Name:
I038
LA1Agent First Name:
Jeff
LA1Agent Last Name:
Edberg
LO1Main Office ID:
55
PriceChangeTimestamp:
01-31-2024
319.351.1111 - 250 Holiday Road, Coralville, IA 52241
Agent Information
Jeff Edberg
Lepic-Kroeger, REALTORS
Additional Details
Central A/c
Cash, Conventional
Immediate
See Remarks
01/31/2024
Hwy 1 W located next to Culvers and across the street from Aldi's.
88,862