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Renovated Multi-Tenant Shopping Center
For Sale
$2,750,000

1029 S Riverside Dr, Iowa City, IA 52246

CommercialSale, IowaCity, IA

Property SizeContact for details
Lot Size1.01 Acres
Days on Market533

Property Features for 1029 S Riverside Dr

General Information

Property type Commercial Sale
Property subtype Other
Zoning CC2
Interior features ZeroStepEntry
Elementary school Horn
Middle school Northwest
Directions Corner of Highway 1 and Riverside Drive
Subdivision IowaCity
Standard status Active
APN 1016401010
Lot size 1.01 Acres

Taxes and HOA fees

Tax Year 2021
Tax Annual Amount 50330

Utilities

Heating system Forced Air, Natural Gas, Central
Cooling system Central Air

Building Details

Year built 1952
Flooring type Vinyl, Concrete
Building materials Block, Frame, Glass
Listing Agency: Lepic-Kroeger, REALTORS
Listed By: Ryan O'leary · License #S41249
Added: Mar 11, 2025 Changed: Aug 19 Last Checked: Aug 25 at 10:06PM
MLS# 202501638

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.

This 1.01-acre shopping center at 1029 S Riverside Dr has been renovated and reconfigured for multiple tenants. The property offers suites in varied sizes, providing adaptable space for a range of retail occupants. Block, frame, and glass construction is complemented by vinyl and concrete flooring, central air, forced-air heating, and natural gas service.

The property is positioned at a busy intersection in Iowa City, with a large parking field serving customers and employees. CC2 zoning and a zero-step entry further define the existing commercial setup. The building was originally constructed in 1952 and includes a multi-suite configuration suited to neighborhood retail operations.

Key Highlights

  • Renovated 1.01‑acre shopping center configured for multiple tenants
  • Varied suite sizes accommodate a range of retail occupants
  • Large parking field for customers and employees

Property Analytics

Current Use

T-Mobile Mobile Phone Store Hertz - Uber Iowa ... Car Rental Facility Thrifty Car Rental ... Car Rental Facility Walgreens Community Pharmacy Medical Clinic Hertz Car Rental ... Car Rental Facility

Suggested Use

Top Pick Big Box & Wholesale Store Storage Facility HVAC Service Building Supply Garden Center (Bike/Boat/Book/etc) Store

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

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,145
Businesses Nearby
205k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Dining 56% Shops & Services 27% Office Supplies 5% Home Improvements & Furnishings 5%
McDonald's Dining
37,057 visits/mo 0.2 miles
Kum & Go Shops & Services
26,219 visits/mo 0.2 miles
Starbucks Dining
24,488 visits/mo 0.1 miles
Staples Office Supplies
11,026 visits/mo 0.2 miles
Arby's Dining
10,746 visits/mo 0.1 miles

Demographics for 52246, IA

22,829
Population
10,627
Households
2.1
Avg Household Size
29
Median Age
67%
College-Educated
95%
High-School Grad
16.7 sq mi
ZIP Area
1,367
Density / Sq Mi
$55,088
Median Household Income
$28,598
Median Earnings
$1,049
Median Rent
$327,100
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?
Shopping center - Flexible suite layouts and customer parking support a range of retail occupants.
Where is this shopping center located?
The property is located at 1029 S Riverside Dr Iowa City, IA.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: Renovated 1.01‑acre shopping center configured for multiple tenants; Varied suite sizes accommodate a range of retail occupants; Large parking field for customers and employees
More about this property
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