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Ethan Graham

ethangraham@epique.me +1(319) 777-1254

$ 1,250,000

Est. payment -/mo

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Price Dropped by $50K

113 Iowa Ave Iowa City, IA 52240

2,888 Sqft Lot

UPDATED:

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID 202601140

Year Built 1900

Annual Tax Amount $19,790

Tax Year 2024

Lot Size 2,888 Sqft

Acres 0.04

Lot Dimensions 19 X 100

Property Sub-Type Commercial

Property 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.

Location

State IA

County Johnson

Zoning C & MR R3+

Direction South on Dubuque St, West on Iowa Ave.

Interior

Heating Natural Gas

Cooling Central Air

Flooring Concrete, Wood

Exterior

Utilities Available Cable Available, Electricity Available, Sewer Available, Phone Available, City Water

Roof Type Tar Gravel

Building

Lot Size Range Less Than Half Acre

Structure Type Brick,Frame

Others

Tax ID 1010311012

Acceptable Financing Cash, Conventional, Exchange

Listing Terms Cash, Conventional, Exchange

Special Listing Condition Standard

Listed by Lepic-Kroeger, REALTORS

Ethan Graham

Agent

+1(319) 777-1254

Ethan Graham

113 Iowa Ave Iowa City, IA 52240

Key Details

Location

Interior

Exterior

Building

Others

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113 Iowa Ave