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Mixed-Use Property with Restaurant Space
For Sale
$515,000

1010 Martin St, Iowa City, IA 52245

CommercialSale, IowaCity, IA

Property SizeContact for details
Lot Size0.07 Acres
Days on Market117

Property Features for 1010 Martin St

General Information

Property type Commercial Sale
Property subtype Other
Zoning OPD5
Interior features ZeroStepEntry
Elementary school Lincoln
Middle school Southeast
Directions From N Dubuque St, go west on Foster Rd. Then south on Moses Bloom Ln, at Walker Cir go west then an immediate South turn on to Martin St. Property is on the corner of Martin St and Willenbrock Cir
Subdivision IowaCity
Standard status Active
APN 1004327061
Lot size 0.07 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 13480

Utilities

Heating system Natural Gas, Forced Air
Cooling system Central Air

Building Details

Year built 2014
Flooring type Wood, Vinyl
Building materials Brick
Listing Agency: Lepic-Kroeger, REALTORS
Listed By: Jeff Edberg · License #B33730000
Added: May 1 Changed: Aug 19 Last Checked: Aug 25 at 7:06PM
MLS# 202602924

Copyright © 2026 Iowa City Area Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Built in 2014, this three-story brick property combines a restaurant-oriented commercial space with a residential condominium. The commercial portion includes two-story ceilings, bar and dining areas, a wraparound exterior patio, mezzanine, fully equipped commercial kitchen, prep and storage areas, and an office. Wood and vinyl flooring, central air, forced-air heating, and a zero-step entry are also present.

The third floor contains a two-bedroom, two-bath condo with park views. The residence is tenant occupied and includes planned flooring and paint updates. The property is situated on Emma Harvat Square within the Peninsula Neighborhood, a 72-acre community with 403 homes, 8 businesses, and over 1,100 residents. Zoning is OPD5, and showings require 24-hour notice.

Key Highlights

  • 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

Property Analytics

Current Use

Ramen Belly Restaurant

Suggested Use

Top Pick Building Supply HVAC Service (Bike/Boat/Book/etc) Store Garden Center Storage Facility Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1
Residential units

Location Intelligence

Trade Area within ½ mile

748
Businesses Nearby
9k
Monthly Visits Nearby

Foot Traffic Nearby

Hotels & Casinos 100%
Staybridge Suites Iowa City - Coralville Hotels & Casinos
8,163 visits/mo 0.5 miles
Super 8 Iowa City/Coralville Hotels & Casinos
669 visits/mo 0.5 miles

Demographics for 52245, IA

21,874
Population
10,210
Households
2.1
Avg Household Size
34
Median Age
68%
College-Educated
99%
High-School Grad
8.4 sq mi
ZIP Area
2,604
Density / Sq Mi
$75,876
Median Household Income
$30,273
Median Earnings
$1,215
Median Rent
$293,300
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Brick construction combines a commercial dining venue with a two-bedroom, two-bath residential condo.
Where is this mixed-use property located?
The property is located at 1010 Martin St Iowa City, IA.
What is the asking price?
The asking price for this property is $515,000.
What are key features of this property?
This property features: 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
More about this property
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