2346 Mormon Trek Blvd, Iowa City, IA 52246
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2346 Mormon Trek Blvd, Iowa City, IA 52246
2346 Mormon Trek Blvd, Iowa City, IA 52246
2346 Mormon Trek Blvd, Iowa City, IA 52246
2346 Mormon Trek Blvd, Iowa City, IA 52246
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Ethan Graham

Ethan Graham

+1(319) 777-1254
$ 4,750,000
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2346 Mormon Trek Blvd Iowa City, IA 52246

0.66 Acres Lot

UPDATED:

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID 202604338

Year Built 1996

Annual Tax Amount $145,610

Tax Year 2023

Lot Size 0.655 Acres

Acres 1.45

Lot Dimensions Irregular

Property Sub-Type Commercial

Property Description

The Grandview Building on Mormon Trek Blvd is a class A Building with 28,545 square feet of space. It has two surface parking lots as well as underground parking. It is fully leased with a gross income of $521,019 and a net operating income of $284,880. The capitalization rate is 6.0%. The tenants include Covenant Family Solutions, Alberhasky Eye, United Iowa Financial, Lepic-Kroeger, Realtors, City Construction, Willow Creek Dentistry and Susan Mimms Financial. The total leased space is 25,246 and is fully elevator served from the lower level garage to the second floor. Specific leases and financial information are available upon the recipient signing a non-disclosure agreement, which is attached as an associated document.

Location

State IA

County Johnson

Zoning CO1

Direction At the intersection of Mormon Trek Blvd & West Side Dr.

Interior

Interior Features Elevator, Zero Step Entry

Heating Natural Gas, Forced Air

Cooling Central Air

Flooring Carpet, Ceramic Tile

Exterior

Utilities Available Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Phone Available, Underground Utilities, City Water

Roof Type Metal

Building

Lot Size Range One To Two Acres

Structure Type Brick,Frame

Others

Tax ID 1020157004

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition Standard

Listed by Lepic-Kroeger, REALTORS
Ethan Graham

Ethan Graham

Agent

+1(319) 777-1254

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2346 Mormon Trek Blvd