Iowa City, IA Commercial Real Estate for Sale

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Office Building with Elevator
Updated: Jul 13
Office Building with Elevator

Iowa City, IA 52246

$4,750,000
1.45 AC lot
Fully leased office property on a 1.45‑acre site
6.0% capitalization rate
Two surface parking lots plus underground parking
Elevator access from the lower‑level garage through the second floor
1996 construction with brick and frame exterior and metal roof
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Office Units with Elevator Access
Updated: May 28
Office Units with Elevator Access

Iowa City, IA 52245

$1,050,000
0.12 AC lot
Combined offering includes 3,855 SF upper‑level and 1,579 SF first‑floor office suites
Upper suite features 11 private windowed offices, kitchenette, conference room, and waiting area
First‑floor suite provides 4 large private windowed offices and reception space
Five ADA bathrooms serve the two suites: 3 upstairs and 2 on the first floor
Elevator served with accessible elevator installed and zero‑step entry
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ADA-Accessible Office Building
ADA-Accessible Office Building

Iowa City, IA 52245

$2,500,000
1.98 AC lot

Flexible office layout with included Herman Miller furnishings, an atrium, patio, and office-oriented CO-1 zoning.

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See hot listings in Iowa City

Scored against comparables nationwide. These are worth a look.

Scored against comparables nationwide. These are worth a look.

Cap Rate available after sign in
Est. NOI available after sign in
Local Demand available after sign in
Single-Tenant NNN Property
Single-Tenant NNN Property

121 W Benton St., Iowa City, IA 52246

$1,585,000
6,760 sqft

Commercial building with an absolute NNN lease, annual rent increases, and renewal options in Iowa City.

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Office Units with Elevator
Office Units with Elevator

Iowa City, IA 52245

$1,000,000
0.12 AC lot

Flexible commercial suite configuration with shared restrooms, parking, and central HVAC in a 2016 building.

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Leased NNN Property
Leased NNN Property

Iowa City, IA 52240

$4,995,000
2.57 AC lot

Two established occupants fill the property, with shared parking and access along Hwy 6.

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Fully Renovated Office Building
Fully Renovated Office Building

Iowa City, IA 52240

$875,000
0.17 AC lot

Modernized downtown office property with surface parking, brick-and-frame construction, and central air conditioning.

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Absolute NNN Retail Property
Absolute NNN Retail Property

121 W Benton St., Iowa City, IA 52246

$1,350,000
4,480 sqft

The property is subject to an absolute NNN lease with tenant responsibility for taxes, insurance, HVAC, maintenance, and roof.

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Warehouse with Dock Doors
Warehouse with Dock Doors

Iowa City, IA 52240

$5,100,000
4.36 AC lot

I-1-zoned industrial facility with truck circulation, employee parking, upgraded LED warehouse lighting, and concrete flooring.

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Riverfront Commercial Development Site
Riverfront Commercial Development Site

Iowa City, IA 52240

$1,700,000
0.55 AC lot

Form-based zoning supports dense, mixed-use urban development with commercial space at street level.

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Downtown Executive Office Suites
Downtown Executive Office Suites

332 S Linn St, Iowa City, IA 52240

$1,100,000
4,139 sqft

Executive office suites with shared lobby, kitchenette, and bathrooms, plus deeded parking included with the unit.

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Office Unit with Private Offices
Office Unit with Private Offices

Iowa City, IA 52240

$371,520
0.07 AC lot

Configured with private offices, reception, kitchenette, and flexible work areas.

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Warehouse With Office Addition
Warehouse With Office Addition

4186 Alyssa CT, Iowa City, IA 52240

$2,500,000
1.37 AC lot

Industrial property combining warehouse, office, storage, and multiple powered overhead doors on an Iowa City site.

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Bar Building with Commercial Kitchen
Bar Building with Commercial Kitchen

405 S Gilbert Street, Iowa City, IA 52240

$1,500,000
3,882 sqft

Commercially equipped venue with multiple seating areas, a stage, and a 2am liquor license.

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Mixed-Use Development Land Parcel
Mixed-Use Development Land Parcel

Iowa City, IA 52246

$1,000,000
7.20 AC lot

7.2-acre parcel with MU zoning, city utilities, and strong roadway traffic counts along Camp Cardinal Blvd.

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Flex Space with Office and Bays
Flex Space with Office and Bays

Iowa City, IA 52246

$1,599,000
0.99 AC lot

Adaptable commercial building with multiple bays, office space, and additional units currently configured for office use.

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Renovated Office Building
Renovated Office Building

528 S Clinton St, Iowa City, IA 52240

$875,000
2,709 sqft

Downtown office property with surface parking near the courthouse and campus.

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Commercial Land with Retention Pond
Commercial Land with Retention Pond

Iowa City, IA 52240

$2,500,000
4.86 AC lot

Level CI1-zoned development tract with utilities in the street and multiple commercial use possibilities.

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Eastside Office Suites For Sale
Eastside Office Suites For Sale

673 Westbury Dr, Iowa City, IA 52245

$1,050,000
5,434 sqft

Office suites with high visibility, ideal for owner-user.

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Mixed-Use Property with Commercial Parcels
Mixed-Use Property with Commercial Parcels

Iowa City, IA 52240

$1,975,000
0.77 AC lot

Commercially zoned Iowa City property combining leased multifamily units with existing retail and other commercial space.

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Flexible Office Building
Flexible Office Building

1916 Waterfront Dr, Iowa City, IA 52240

$1,100,000
13,010 sqft

Distinctive office layout with abundant open areas and parking, with updates needed to realize its full potential.

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Mixed-Use Property with Existing Improvements
Mixed-Use Property with Existing Improvements

Iowa City, IA 52240

$1,800,000
0.58 AC lot

Existing commercial improvements offer near-term occupancy alongside redevelopment potential under a form-based zoning overlay.

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Partially Leased Office Building
Partially Leased Office Building

2937 Sierra Ct SW, Iowa City, IA 52240

$2,200,000
37,875 sqft

Substantially sized office building with large floor plates, partially leased, and remaining second/third floor vacancy.

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Certified Industrial Land Site
Certified Industrial Land Site

Iowa City, IA 52240

$585,010
9.20 AC lot

Flat, utility-served land with existing access roads and I1 zoning.

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Iowa City, IA Commercial Real Estate Market Trends and Statistics

Explore 98 commercial real estate for sale in Iowa City, IA, showcased through 98 active listings on our real estate platform. These investment opportunities span a total of 707,531 square feet of properties for sale, with an estimated market value of $115,299,690.

Sale prices for business properties in Iowa City, IA start at $125,000, averaging $1,459,489, and reaching up to $5,100,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 108K
Population Growth (5Y) +35.7%
Median Household Income $62,209
College Educated 50.5%

High-Yield Neighborhoods for Investment

Identify Iowa City submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
52245 $1.2M
52240 $1.4M
52246 $1.4M

Taxes & Financing

Tax Rate (average for all types) 3.25%
Property Tax per SF $18.14 per SF
Tax Rate vs County Average 0.17 pp above county avg
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Johnson County

New Delisted

Total CRE Inventory on Market (SF)

Property Size Breakdown

The majority of commercial real estate listings in Iowa City fall within the 100,000+ square foot range.

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