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 3 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 5.7% 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 Blank & McCune Real Estate shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.