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    Iowa City, IA
    Conventional Restaurant

    Iowa City, IA Conventional Restaurants for Sale

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    Found 10 conventional restaurant listings for sale in Iowa City, IA, averaging $200/sq ft. Use valuation data to compare deals faster.
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    Restaurant Business With Patio
    Updated: Oct 27
    Restaurant Business With Patio

    525 S Gilbert St, Iowa City, IA 52240

    $125,000
    0.06 AC lot
    Private patio measures 888 square feet and connects to the restaurant through pass‑through windows
    Business sale only; premises are subject to an existing lease
    Full bar with indoor seating
    Weekend hours extend to 2:00 AM; Monday, Tuesday, Wednesday, and Sunday hours extend to midnight
    Zoning: RFC‑SD
    View details
    Mixed-Use Property with Restaurant
    Updated: May 1
    Mixed-Use Property with Restaurant

    1010 Martin St, Iowa City, IA 52245

    $495,000
    0.07 AC lot
    Restaurant space includes a commercial kitchen, bar and dining areas, mezzanine, and wraparound outdoor patio
    Three‑story building constructed in 2014
    Third‑floor condo has 2 bedrooms, 2 bathrooms, and park views
    Second‑floor prep and storage areas plus office
    0.0699‑acre site with OPD5 zoning
    View details
    Mixed-Use Building with Retail
    Mixed-Use Building with Retail

    113 Iowa Ave, Iowa City, IA 52240

    $1,150,000
    0.04 AC lot

    A downtown Iowa City property pairs leased commercial space with occupied residential space on the upper level.

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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
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    Local Demand available after sign in
    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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    Bar Business with Private Patio
    Bar Business with Private Patio

    525 S Gilbert St, Iowa City, IA 52240

    $125,000
    1,645 sqft

    The operation includes a full bar, food and drink menus, and a dedicated outdoor seating area.

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    Restaurant with Equipped Kitchen
    Restaurant with Equipped Kitchen

    5 Sturgis Corner Drive, Iowa City, IA 52246

    $155,000
    3,200 sqft

    A built-out restaurant space includes a dedicated dining area and on-site parking in Iowa City.

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

    113 Iowa Ave, Iowa City, IA 52240

    $1,150,000
    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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    Restaurant Business with FF&E
    Restaurant Business with FF&E

    725 Mormon Trek Blvd, Iowa City, IA 52246

    $125,000

    The offering includes restaurant furnishings, fixtures, and equipment, while the real estate remains outside the sale.

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    10 active listings match your search: Restaurant for sale in Iowa City, IA. Based on your search, we've also compiled 4 Potential Opportunities for your consideration: 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.

    View details
    Restaurant Condominium
    Restaurant Condominium

    843 Quarry Rd, Coralville, IA 52241

    $999,900
    0.12 AC lot

    The commercial condominium is occupied by Konomi Japanese Restaurant in Coralville’s Iowa River Landing district.

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    Restaurant Building with Patio
    Restaurant Building with Patio

    203 5th St, Kalona, IA 52247

    $595,000
    0.09 AC lot

    Two floors provide distinct dining rooms, a lounge, and bar areas.

    View details
    Japanese Restaurant with Hibachi Stations
    Japanese Restaurant with Hibachi Stations

    843 Quarry Rd, Coralville, IA 52241

    $350,000
    0.12 AC lot

    A fully equipped dining operation includes a sushi bar, bar area, commercial kitchen, and restaurant furnishings.

    View details

    Iowa City, IA Conventional Restaurants Market Trends and Statistics

    Explore 10 conventional restaurants for sale in Iowa City, IA, showcased through 10 active listings on our real estate platform. These investment opportunities span a total of 16,029 square feet of properties for sale, with an estimated market value of $4,950,000.

    Sale prices for conventional restaurants in Iowa City, IA start at $125,000, averaging $550,000, 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 20
    Bars & Pubs 7
    Coffee shops 3
    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
    52246 $155K
    52245 $495K
    52240 $605K

    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)

    How Realmo verifies these figures

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    Popular Searches in Iowa City, IA

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    Most Searched ZIP Codes in Iowa City, IA

    • 52240
    • 52246
    • 52245

    Featured Iowa City Real Estate Agencies

    Realmo connects you with licensed Iowa City CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Lepic-Kroeger, REALTORS
    2346 Mormon Trek Blvd, Suite 2000 Iowa City, IA 52246
    Phone: (319) 351-8811
    www.LKRiowa.com
    Blank and McCune, The Real Estate Company
    PO Box 2404 Iowa City, IA 52244
    Phone: (319) 354-9440
    Blank and McCune.com
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