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    2346 Mormon Trek Blvd Iowa City, IA 52246

    For Sale
    $4,750,000

    Commercial - IowaCity, IA

    Lot size:
    1.45 Acres
    Days on Market:
    79
    Last Refresh:
    Dec 12 at 6:06 am

    Property Features for 2346 Mormon Trek Blvd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    CO1
    APN
    1020157004
    Interior features
    Elevator, Zerostepentry
    Accessibility
    Accessible Elevator Installed
    Lot size
    1.45 Acres

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1996
    Flooring type
    Carpet, Tile
    Building materials
    Brick, Frame
    Roof type
    Metal
    Architectural style
    Other

    Lepic-Kroeger, REALTORS (319) 351-8811 [email protected]

    Listing agent Jeff Edberg (319) 351-8811

    Listing date Sep 25, 2025

    MLS# 202505131 Listing URL

    Copyright © 2025 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.

    Overview

    Class A Office Building

    The Grandview Building on Mormon Trek Blvd is a class A building offering 28,545 square feet of space. It features two surface parking lots in addition to underground parking. The property is fully leased, generating a gross income of $521,019 and a net operating income of $284,880, resulting in a capitalization rate of 6.0%. Key tenants include Covenant Family Solutions, Alberhasky Eye, United Iowa Financial, Lepic-Kroeger Realtors, City Construction, Willow Creek Dentistry, and Susan Mimms Financial. The total leased space amounts to 25,246 square feet. The building is fully elevator served, providing access from the lower level garage to the second floor. The property is located in IowaCity, IA, within Johnson County, and has a lot size of 1.45 acres. Specific leases and financial information are available upon signing a non-disclosure agreement.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lepic-Kroeger, REALTORS Real Estate Agency Willow Creek Family ... Dentist Eastman Christopher G ... Dentist Alberhasky G Rodney ... Optometrist Jeff Edberg, Broker ... Real Estate Agency

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Iowa City
    County
    Johnson
    State
    Iowa
    Longitude
    -91.566515
    Latitude
    41.637369

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    FAQs

    What type of property is this?
    Office building - Fully leased office building with income potential in IowaCity.
    Where is this office building located?
    The property is located at 2346 Mormon Trek Blvd Iowa City, IA.
    What is the asking price?
    The asking price for this property is $4,750,000.
    What are key features of this property?
    This property features: - Fully leased Class A building with a strong net operating income of $284,880.; - Attractive capitalization rate of 6.0%.; - Diverse tenant mix including Covenant Family Solutions, Alberhasky Eye, and Lepic-Kroeger, Realtors.
    (319) 351-8811
    Request Owner's contact information
    2346 Mormon Trek Blvd Iowa City, IA 52246
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    Iowa City, IA 52246
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2346 Mormon Trek Blvd Iowa City, IA 52246
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