0 Baths
$1,150,000
113 Iowa Ave, IowaCity IA, 52240
Price per sqftN/A
Built in1900
Property typeCommercial
Overview
Active
Listed Feb 13, 2026
Updated 10 days ago
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 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.
Additional information
- MLS® ID
- 202601140
Interior Features
- Bathrooms
- 0
- Cooling
- Yes
- Heating
- Yes
- Basement
- No
Exterior Features
- Lot Size
- 0.07 Acres
Other Property Details
- Taxes
- $19,790
- Tax Frequency
- Annually
Courtesy of Lepic-Kroeger, REALTORS, ,
Listing Contact: 319-631-5261
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Cory Rath shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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