Conventional Restaurant

Iowa City, IA Conventional Restaurants for Sale

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Mixed-Use Property with Restaurant Space
Updated: May 1
Mixed-Use Property with Restaurant Space

Iowa City, IA 52245

$515,000
0.07 AC lot
Three‑story brick building constructed in 2014
Commercial restaurant space with bar, dining area, mezzanine, patio, and fully equipped kitchen
Wraparound exterior patio and two‑story ceilings
Third‑floor two‑bedroom, two‑bath condominium with park views
Located on Emma Harvat Square in the 72‑acre Peninsula Neighborhood
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Leased Mixed-Use Building
Updated: Feb 13
Leased Mixed-Use Building

Iowa City, IA 52240

$1,200,000
0.04 AC lot
Fully leased mixed‑use property with retail and residential components
1,900 SF of main‑floor and basement retail space
988 SF residential unit above the retail area
Retail lease runs through January 31, 2030, with three 5‑year options
One parking space behind the building
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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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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
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

$1,200,000
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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Based on your search, we've compiled 11 Potential Opportunities for your consideration. Besides 7 Active listings in Iowa City, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities

Opportunities in Nearby Cities

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

Historic Restaurant with Wine Cellar
Historic Restaurant with Wine Cellar

203 5th St, Kalona, IA 52247

$595,000
4,900 sqft

Multi-level dining property with distinctive historic details, private event atmosphere, and outdoor seating in downtown Kalona.

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Konomi Japanese Restaurant and Condo
Konomi Japanese Restaurant and Condo

843 Quarry Road 140, Coralville, IA 52241

$1,800,000
5,150 sqft

Restaurant and commercial condo package includes Konomi Japanese Restaurant with full kitchen, dining room, and off-street parking.

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Historic Restaurant with Patio
Historic Restaurant with Patio

203 5th St, Kalona, IA 52247

$595,000
0.09 AC lot

Multi-level restaurant property with dining rooms, bar areas, wine storage, and outdoor seating in downtown Kalona.

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Japanese Restaurant and Real Estate
Japanese Restaurant and Real Estate

843 Quarry Rd, Coralville, IA 52241

$1,800,000
0.12 AC lot

Operating restaurant condominium with dining, sushi, hibachi, bar, and full commercial kitchen improvements.

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Iowa City, IA Conventional Restaurants Market Trends and Statistics

Explore 7 conventional restaurants for sale in Iowa City, IA, showcased through 7 active listings on our real estate platform. These investment opportunities span a total of 14,230 square feet of properties for sale, with an estimated market value of $5,055,000.

Sale prices for conventional restaurants in Iowa City, IA start at $125,000, averaging $842,500, and reaching up to $1,500,000 — 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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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Conventional restaurants 10
Bars & Pubs 4
Commercial kitchens 3
Drive through restaurants 2

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 $515K
52240 $1.2M

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)

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