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    Iowa City, IA
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    Iowa City, IA Conventional Restaurants for Lease

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    Retail Space with Parking
    Updated: Mar 11, 2025
    Retail Space with Parking

    Iowa City, IA 52240

    $24 SF/Yr
    1.00 AC lot
    1‑acre commercial property at the corner of Hwy 1W and Riverside Drive
    Build‑out options include retail, restaurant, or office use
    Free parking available within the multi‑use property
    Commercial zoning
    Zero‑step entry and concrete flooring
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    Restaurant with Commercial Kitchen
    Updated: Jul 14
    Restaurant with Commercial Kitchen

    405 S Gilbert Street, Iowa City, IA 52240

    $22 SF/Yr
    3,882 sqft
    3,882‑square‑foot restaurant property at 405 S Gilbert Street
    Commercial kitchen and spacious bar already in place
    Multiple dining and seating areas with a dedicated stage
    Located in downtown Iowa City’s entertainment district
    Near the University of Iowa campus
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    Freestanding Drive-Through Restaurant
    Freestanding Drive-Through Restaurant

    1926 Keokuk St, Iowa City, IA 52240

    Contact for pricing
    3,034 sqft 0.60 AC lot

    New construction includes restaurant infrastructure, exterior signage, and an established drive-thru configuration.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 13 Potential Opportunities for your consideration. Besides 3 Active listings in Iowa City, IA, we suggest exploring alternatives. Consider Similar 4 Spaces in Nearby Cities, and Similar 6 Properties for Sales.

    Conventional restaurants for Lease in Nearby Cities

    Here are 4 Similar Spaces we found in Nearby Locations for your consideration.

    Restaurant-Bar Space with Walk-In Cooler
    Restaurant-Bar Space with Walk-In Cooler

    901 2nd St, Coralville, IA 52241

    $20 SF/Yr
    4,720 sqft

    Turnkey restaurant/bar space with walk-in cooler and hood, plus ample parking and a beer garden.

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    North Endcap Retail Space
    North Endcap Retail Space

    3224 Crosspark Rd, Coralville, IA 52241

    $40 SF/Yr
    1.50 AC lot

    C2-zoned space in a new strip retail building with flexible commercial use potential.

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    End-Cap Drive-Through Restaurant
    End-Cap Drive-Through Restaurant

    650 Pacha Pkwy, North Liberty, IA 52317

    Contact for pricing
    2,463 sqft

    Restaurant suite includes a commercial kitchen, dining area, storage, and two restrooms.

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    Drive-Through Restaurant Suite
    Drive-Through Restaurant Suite

    650 Pacha Parkway, Unit 1&2, North Liberty, IA 52317

    Contact for pricing
    2,463 sqft

    End-cap restaurant suite with a commercial kitchen, open dining area, storage, restrooms, and drive-through access.

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    Similar Spaces for Sale in Iowa City, IA

    Consider Similar Space for Sale. We found 6 Spaces matching your search parameters.

    Restaurant Business with Food Cart
    Restaurant Business with Food Cart

    213 Iowa Ave, Iowa City, IA 52240

    $125,000
    1,380 sqft

    Established restaurant operation includes transferred equipment, inventory, and a second food-cart channel subject to city approval.

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    Three-Story Restaurant Building
    Three-Story Restaurant Building

    1010 Martin St, Iowa City, IA 52245

    $515,000
    3,046 sqft

    Three-story restaurant building offered for sale, suited for food service operators needing multi-level space.

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    Mixed-Use Retail and Residential
    Mixed-Use Retail and Residential

    113 Iowa Ave, Iowa City, IA 52240

    $1,250,000
    2,888 sqft

    Fully leased downtown mixed-use property with retail space and residential unit(s) above, plus one parking spot behind.

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    Freestanding Drive-Through Restaurant
    Freestanding Drive-Through Restaurant

    1926 Keokuk St, Iowa City, IA 52240

    Contact for pricing
    3,034 sqft 0.60 AC lot

    Restaurant building with drive-through infrastructure, signage, menu boards, and commercial kitchen components in an established dining corridor.

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    Mixed-Use Property with Restaurant Space
    Mixed-Use Property with Restaurant Space

    Iowa City, IA 52245

    $515,000
    0.07 AC lot

    Brick construction combines a commercial dining venue with a two-bedroom, two-bath residential condo.

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    Leased Mixed-Use Building
    Leased Mixed-Use Building

    Iowa City, IA 52240

    $1,200,000
    0.04 AC lot

    Fully leased property combining ground-floor retail with an occupied residential unit above in downtown Iowa City.

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    Iowa City, IA Conventional restaurants Lease Rates & Market Statistics

    Explore 3 Conventional restaurants for lease in Iowa City, IA on Realmo, a commercial real estate exchange covering the Iowa City area. The current inventory totals 6,916 square feet of properties.

    Asking lease rates for Conventional restaurants in Iowa City start at $22 SF/Yr, average $23 SF/Yr, and reach $24 SF/Yr at the top of the market. Pricing across the market is relatively uniform, which simplifies like-for-like comparison between listings. The local average of $23 SF/Yr is 25% above the Iowa state average of $18.38 SF/Yr.

    Iowa City accounts for 38% of the 8 conventional restaurants currently available across Johnson County, where nearby markets include North Liberty and Coralville. Conventional restaurants are one of the more limited space types in Iowa City, with just 3 listings currently available — a scarcity worth factoring into lease negotiations.

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