2545 N Dodge St Iowa City, IA 52245
COMMERCIAL - IowaCity, IA
- Added:
- May 4, 2026
- Days on Market:
- 69
- Last Refresh:
- Jul 11 at 10:06 am
Property Features for 2545 N Dodge St
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- CH1
- Interior features
- Elevator, ZeroStepEntry
- Accessibility
- Accessible Elevator Installed
- Standard status
- Active
- APN
- 0736309005
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 23662
Utilities
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 2016
- Flooring type
- Concrete
- Building materials
- Brick, Frame
Listing agent Jeff Edberg License #IA B33730000 (319) 331-6187
Listing office Lepic-Kroeger, REALTORS 2346 MORMON TREK BLVD SUITE #2000, Iowa City, IA (319) 351-8811
Listing date May 4, 2026
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.
The property is zoned CH1 and is located at 2545 N Dodge St in Iowa City. Building parking is available on site, and the frontage along N Dodge supports an excellent signage opportunity. Neighboring tenants listed include Caravel Autism Health, Cardio Diagnostics, Larew Internal Medicine, and Jimmy Johns.
For buyers or tenants seeking a medical or office-ready environment with existing common facilities, this suite’s current configuration can support multiple uses or a phased buildout. The space’s “blank slate” condition, combined with prepared mechanical distribution, can reduce the constraints of starting from a fully finished interior while maintaining a functional base with restrooms in place.
Key Highlights
- 5060 SF retail/office suite available for sale or lease, currently a blank slate with duct work distributed and sprinkler heads turned down.
- Suite is divided into 2 spaces: approx 3450 SF and 1610 SF, plus 2 shared restrooms finished.
- 2016 construction with brick/frame exterior, concrete flooring, forced air natural gas heat, and central air cooling.
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $111.1k | $21.96 |
| − Vacancy | −$11.1k | −$2.20 |
| EGI | $100.0k | $19.76 |
| − OpEx | −$40.0k | −$7.91 |
| NOI | $60.0k | $11.86 |
