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Office Suite with Exterior Service Access
For Lease
$12 SF/Yr

655 Liberty Way, North Liberty, IA 52317

COMMERCIAL - NorthLiberty, IA

Space Size2,400 SF
Lot Size0.06 Acres
Days on Market173

Property Features for 655 Liberty Way

General Information

Property type Commercial Lease
Property subtype Office
Zoning Commercial
Interior features ZeroStepEntry
Directions Penn St, west of Ranshaw Way to Liberty Way. Across from Speedy Mike's & Field Day.
Subdivision NWQuadrant
Standard status Active
APN 0612254005
Lot size 0.06 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 15556

Utilities

Heating system Central
Cooling system Central Air

Amenities

kitchenette
storage

Building Details

Year built 1995
Flooring type Carpet
Building materials Frame
Roof type Composition
Listing Agency: Intrepid Real Estate
Listed By: Nate Holler
Added: Feb 25 Changed: Aug 4 Last Checked: Aug 17 at 2:06AM
MLS# 202601398

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 for-rent office suite offers a practical, adaptable layout with an open reception and office area, a large open room suited for desks or cubicles, and a kitchenette. The space also includes men’s and women’s restrooms and lots of storage to support daily operations. For loading, deliveries, and back-of-house access, there are two exterior service doors located at the rear of the suite.

The property is located along Penn St in North Liberty, IA. It sits among existing businesses and retail activity, with nearby and nearby-adjacent uses described as insurance, staffing, and a non-retail pharmacy. The remarks also note multiple commercial neighbors along Penn St, including locations across the street.

The configuration can support a range of mid-sized office users who need both open work areas and reception space, as well as organizations looking for a flexible studio-style environment. With rear service access and restrooms already in place, the suite is positioned to accommodate day-to-day customer-facing operations while keeping storage and utilities functions consolidated for efficiency.

Key Highlights

  • 2,400 SF office space on Penn St in North Liberty with an open reception/office area and large room for desks or cubicles
  • Includes kitchenette, men’s and women’s restrooms, and lots of storage
  • 2 exterior service doors in the back for convenient access

Property Analytics

Current Use

Peg Fraser - COUNTRY ... Financial Advisor Christa Payne - COUNTRY ... Insurance Agency Brown's School of Martial ... Training Center Main Healthcare Pharmacies Pharmacy ABC Soulutions LLC Marketing & Advertising

Suggested Use

Top Pick Law Firm Real Estate Agency Big Box & Wholesale Store Hair Salon HVAC Service Auto Parts 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

NNN (Triple Net)
Lease Type
$1.80 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

537
Businesses Nearby

Demographics for 52317, IA

22,096
Population
9,125
Households
2.4
Avg Household Size
32
Median Age
54%
College-Educated
99%
High-School Grad
34.4 sq mi
ZIP Area
642
Density / Sq Mi
$108,156
Median Household Income
$57,950
Median Earnings
$1,221
Median Rent
$314,700
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office units - A 2,400-square-foot office suite with reception, kitchenette, restrooms, and two back service doors, plus ample parking.
Where is this office units located?
The property is located at 655 Liberty Way North Liberty, IA.
What is the lease rate?
The lease rate is $12 SF/Yr.
What are key features of this property?
This property features: 2,400 SF office space on Penn St in North Liberty with an open reception/office area and large room for desks or cubicles; Includes kitchenette, men’s and women’s restrooms, and lots of storage; 2 exterior service doors in the back for convenient access
More about this property
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