112 N Iowa St - Storefront Retail/Residential FOR SALE


Solon, IA 52333
$1,000,000 USD
319-331-0409
112 N Iowa St, Solon, IA for Sale
$1,000,000 USD
Storefront Retail/Residential - FOR SALE
1/16
null | Request Cap Rate

112 N Iowa St
Solon, IA 52333


HIGHLIGHTS

  • Ground-floor commercial space with a flexible design suitable for retail, office, or service businesses.
  • Two upper-level apartments currently leased at $1,500 per unit, providing immediate rental income.
  • Convenient access to Iowa City, Cedar Rapids, and regional transportation routes.
  • Walkable location surrounded by local businesses, dining, and community services.

OVERVIEW

This mixed-use property in the heart of downtown Solon offers an exceptional opportunity for investors or owner-users seeking steady income and growth potential. Featuring two fully leased upper-level apartments generating $3,000 monthly combined income, the property provides in-place cash flow from day one. The ground-level commercial space, approximately 2,312 SF, offers strong visibility along N Iowa Ave and flexible configuration options suitable for retail, office, or service-based tenants. Buyers can capitalize on upside potential through leasing the main-floor unit, which is currently available at market-competitive terms. Located in Solon’s central business district, the property benefits from heavy local traffic, strong residential density, and accessibility to major roadways connecting to Iowa City and Cedar Rapids. This dual-income structure creates long-term stability in a growing community while offering adaptability for a variety of commercial users.

FOR SALE DETAILS

PRICE

$1,000,000 USD

PRICE/SF

$433 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Fast Food, Storefront

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1954

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

-

APN/PARCEL ID

0224311004

ASK ABOUT THIS PROPERTY

Mark LynchSkogman Commercial GroupMore Info
319-331-0409

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Mark LynchSkogman Commercial GroupMore Info
319-331-0409

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.