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 6% cap rate. Main floor and basement (1900 sq. ft) retail space below is leased by The… Read More 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. Read Less
Courtesy of Lepic-Kroeger, REALTORS, 319-351-8811
Listing Snapshot
Days Online
252
Last Updated
Property Type
Commercial
Lot Size
0.07 Acres
Year Built
1900
MLS Number
202601140
30 Days Snapshot Of 52240
$394k
+13%
(avg) sold price
24
+41%
homes sold
60
+7%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1900, Construction Materials: Brick, Frame
Information herein is deemed reliable but not guaranteed and is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings last updated on .
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