Office/Retail
2601 120th St. NW Swisher, IA 52338
For Sale
$495,000
COMMERCIAL - Swisher, IA
Property Size1,702 SF
Lot Size1.15 Acres
Price / SF$290.83
Days on Market238
Property Features for 2601 120th St. NW
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Zoning
- Comm
- Standard status
- Active
- APN
- 309228002
- Size
- 1,702 SF
- Lot size
- 1.15 Acres
Taxes and HOA fees
- Tax Description
- KIRACOFE'S SUBDIVISION LOT 2
- Tax Annual Amount
- 4346
Building Details
- Year built
- 1971
- Flooring type
- Concrete, Carpet
- Building materials
- Frame
- Roof type
- Shingle
Listing Agency:
Pinnacle Realty LLC
(319) 393-0900
Listed By:
Trev Adair · License #322502720
(319) 350-9476
Added: Nov 28, 2025
Changed: Jun 8
Last Checked: Jul 24 at 1:06AM
MLS# 2509604
Copyright © 2026 Cedar Rapids 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 for-sale office/retail building offers a mixed-use setup intended to accommodate either professional office use or storefront retail needs. The property totals 1,702 square feet and sits on a 1.15-acre lot, providing space for the building and surrounding improvements consistent with a small commercial site. Zoning is listed as Comm.
Located at 2601 120th St. NW in Swisher, Iowa, the property is described as being centrally located between Cedar Rapids and Iowa City. That regional positioning may be useful for tenants seeking visibility and access along the corridor connecting those two employment and consumer centers.
For buyers and operators, this configuration can support flexible occupancy strategies, whether you are looking for an owner-user space that combines office and retail or a tenant mix that fits within a single building footprint. The Comm zoning may support a range of commercial applications, though specific permitted uses should be confirmed. If you are evaluating a smaller-scale commercial property with both office and retail identity, this building’s size, site scale, and zoning are key factors to review alongside your intended layout and use requirements.
Located at 2601 120th St. NW in Swisher, Iowa, the property is described as being centrally located between Cedar Rapids and Iowa City. That regional positioning may be useful for tenants seeking visibility and access along the corridor connecting those two employment and consumer centers.
For buyers and operators, this configuration can support flexible occupancy strategies, whether you are looking for an owner-user space that combines office and retail or a tenant mix that fits within a single building footprint. The Comm zoning may support a range of commercial applications, though specific permitted uses should be confirmed. If you are evaluating a smaller-scale commercial property with both office and retail identity, this building’s size, site scale, and zoning are key factors to review alongside your intended layout and use requirements.
Key Highlights
- Centrally located between Cedar Rapids & Iowa City
- Office / retail building
- Frame construction
Financial Insights For Office B
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 | $30.6k | $18.00 |
| − Vacancy | −$4.6k | −$2.70 |
| EGI | $26.0k | $15.30 |
| − OpEx | −$6.5k | −$3.82 |
| NOI | $19.5k | $11.48 |
1,702 SF · lease $18.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$279.0K
$244.1K – $325.5K
NOI $19,530 @ 7.0% cap · market cap 3.95%
Second Best
Retail
$230.4K
$201.6K – $268.8K
NOI $16,127 @ 7.0% cap · market cap 3.26%
Theoretical Best
Office A
$369.7K
$323.5K – $431.4K
NOI $25,881 @ 7.0% cap · market cap 5.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Rtl Equipment Inc
Big Box & Wholesale Store
IC Construction Company
Construction Company
FAQs
What type of property is this?
Office building - Office and retail building for sale on a 1.15-acre lot zoned Comm.
Where is this office building located?
The property is located at 2601 120th St. NW Swisher, IA.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Centrally located between Cedar Rapids & Iowa City; Office / retail building; Frame construction
