Back to Search

Retail/Office Space with Basement

124 E Washington St Iowa City, IA 52240

For Lease

$30 SF/Yr $7,000/Mo (calc)

COMMERCIAL - IowaCity, IA

Property size:

2,800 SF

Lot size:

0.06 Acres

For Lease

$30 SF/Yr $7,000/Mo (calc)

COMMERCIAL - IowaCity, IA

Property size:

2,800 SF

Lot size:

0.06 Acres

Added:: Apr 2, 2026
Days on Market:: 101
Last Refresh:: Jul 11 at 10:06 am

Property Features for 124 E Washington St

General Information

Property type: Commercial Lease
Property subtype: Other
Zoning: CB-10
Interior features: ZeroStepEntry
Standard status: Active
APN: 1010311030
Lot size: 0.06 Acres

Taxes and HOA fees

Tax Year: 2024
Tax Annual Amount: 8

Utilities

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

Building Details

Year built: 1900
Flooring type: Concrete, Vinyl
Building materials: Brick, Frame
Roof type: Tar/Gravel

Listing agent Jeff Edberg License #IA B33730000

Listing office Lepic-Kroeger, REALTORS 2346 MORMON TREK BLVD SUITE #2000, Iowa City, IA

Listing date Apr 2, 2026

MLS# 202602194

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 2,800-square-foot commercial space is currently set up as an open office layout or retail configuration. The space has been used for retail operations and later as a residential leasing office, and it may be converted to other commercial uses, including restaurant use. A full basement provides additional utility with office rooms, storage, and an employee restroom.

Located on Washington St in the heart of downtown Iowa City, the property is positioned across the street from Target near The University of Iowa campus. Rear door access is available to “Paris Cleaner's Alley,” providing a dedicated path for delivery vehicles. The setting is walkable and benefits from high foot traffic in the middle of campus.

Ideal for tenants seeking a flexible storefront with meaningful back-of-house space, the layout supports both customer-facing use and operational needs through the basement offices, storage, and employee restroom. The suite is vacant and is described as easy to show. Total gross monthly rent is $9,109 plus utilities.

Key Highlights

2800 SF commercial space on Washington St in downtown Iowa City near the University of Iowa campus
Building features an open office/retail layout with potential to convert to a restaurant or other commercial use
Full basement includes offices, storage, and an employee restroom

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Flight Restaurant Sermorelin Therapy Exosomes ... Health Counselor

Suggested Use

Similar For Rent Nearby

$3,500/Mo

Downtown 3-Story Office Suite

Three-story office space with seven private offices, a reception area, and ADA-accessible first floor.

616 E Bloomington St, IowaCity, IA 52245

View Details
$500/Mo

Single-Tenant Office Suite

Private office suite with large windows, built-in desk, storage, plus shared conference room and breakroom.

2222 Heinz Rd, IowaCity, IA 52240

View Details
$6,250/Mo

Warehouse with Office Showroom

Flexible office/showroom space with outdoor storage and a 12' x 12' overhead door for service and light industrial needs.

4821 Highway 6 SE, IowaCity, IA 52240

View Details
$500/Mo

Single-User Office Space

Single office suite with built-in desk storage and large windows, plus free parking and shared conference and breakroom access.

2222 Heinz Rd, IowaCity, IA 52240

View Details
$515/Mo

Elevator-Served Downtown Office Suite

Second-floor office suite with elevator service and shared restrooms, offered at a monthly gross rate including utilities.

105 Iowa Ave, IowaCity, IA 52240

View Details
$500/Mo

Single-User Office Suite

Single office suite with built-in desk, cabinets, and large windows, plus free parking and shared conference room access.

2222 Heinz Rd, IowaCity, IA 52240

View Details
$510/Mo

Downtown Elevator-Served Office Suite

Second-floor office with polished floors and elevator access, with shared restrooms in the hallway.

105 Iowa Ave, IowaCity, IA 52240

View Details
$10 SF/Yr

Office Suite with Private Offices

Suite includes seven private offices, kitchenette, one restroom, and a brand-new HVAC system.

1700 S 1st Ave, IowaCity, IA 52240

View Details
$10 SF/Yr

Office Suite with Multiple Entrances

Spacious office suite with 14 private offices, reception, kitchenette, and brand-new HVAC, within a plaza offering free employee parking.

1700 S 1st Ave, IowaCity, IA 52240

View Details
$10 SF/Yr

Office Suite with Private Offices

Large office suite includes six private offices, enclosed reception, and a private RR, with brand-new HVAC.

1700 S 1st Ave, IowaCity, IA 52240

View Details
$1,925/Mo

Flex Warehouse with Two Overhead Doors

Flex warehouse with insulated construction, two 12x14 OH doors, and built-out office space with A/C.

3305 SW Hwy 1, IowaCity, IA 52240

View Details
$1,925/Mo

Flex Warehouse with Overhead Door

Flex warehouse offers 16' clear height, insulated construction, and a 12x14 overhead door for practical industrial use.

3305 SW Hwy 1, IowaCity, IA 52240

View Details

For lease
Retail space
IA
Iowa City
52240
124 E Washington St

What type of property is this?

Retail space - Flexible open retail or office space with basement offices and rear delivery access, available in downtown Iowa City.

Where is this retail space located?

The property is located at 124 E Washington St Iowa City, IA.

What is the lease rate?

The lease rate is $30 SF/Yr.

What are key features of this property?

This property features: 2800 SF commercial space on Washington St in downtown Iowa City near the University of Iowa campus; Building features an open office/retail layout with potential to convert to a restaurant or other commercial use; Full basement includes offices, storage, and an employee restroom

124 E Washington St Iowa City, IA 52240

COMMERCIAL - IowaCity, IA

Property Features for 124 E Washington St

General Information

Taxes and HOA fees

Utilities

Building Details

Investment Insights

Key Highlights

Property Analytics

Current Use by Public Records

Suggested Use

Similar For Rent Nearby

Downtown 3-Story Office Suite

Single-Tenant Office Suite

Warehouse with Office Showroom

Single-User Office Space

Elevator-Served Downtown Office Suite

Single-User Office Suite

Downtown Elevator-Served Office Suite

Office Suite with Private Offices

Office Suite with Multiple Entrances

Office Suite with Private Offices

Flex Warehouse with Two Overhead Doors

Flex Warehouse with Overhead Door

FAQs