113 Iowa Ave - Storefront FOR SALE


Iowa City, IA 52240- Downtown Iowa City
$1,400,000 USD
319-531-5261
113 Iowa Ave, Iowa City, IA for Sale
$1,400,000 USD
Storefront - FOR SALE
1/1
null | 4.9% Cap Rate

113 Iowa Ave
Iowa City, IA 52240
Downtown Iowa City


OVERVIEW

Sale to be part of a 1031 exchange Paying cash will be the only way to realize around a 5% cap rate. Depreciation on building will increase this number. Building main floor and basement (1900 sq. ft) leased by retail tenant 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.

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$198 USD /SF

CAP RATE

4.9%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Fast Food, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,538 SF

ZONING

CB10

APN/PARCEL ID

1010311012

ASK ABOUT THIS PROPERTY

Zach HammesLepic-Kroeger, RealtorsMore Info
319-531-5261

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

Zach HammesLepic-Kroeger, RealtorsMore Info
319-531-5261

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