1010 Martin Street, Iowa City, IA 52245
Three-story restaurant building offered for sale, suited for food service operators needing multi-level space.
- Added:
- May 29, 2026
- Days on Market:
- 11
- Last Refresh:
- Jun 6 at 6:07 am
Property Features for 1010 Martin Street
General Information
- Standard status
- Active
- Size
- 3,046 SF
- Property subtype
- Retail, Multifamily
Building Details
- Year Built
- 2014
Listing agent Jeff Edberg License #IA B33730000
Listing office Lepic-Kroeger, REALTORS
Listing date May 29, 2026
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Lepic-Kroeger, REALTORS
HighLights
- 2014‑built three‑story restaurant building
- Single‑family‑style building configured for restaurant/food service use
Overview
The property is located at 1010 Martin Street in Iowa City, IA. It is offered for sale as a complete building, giving an owner the ability to position the full asset for a restaurant tenancy or restaurant use under the existing building format.
For buyers and restaurant operators, the multi-level layout can be useful for separating dining areas and back-of-house functions, depending on how the concept is planned. As a dedicated restaurant building offering, it aligns with users seeking an existing restaurant-oriented storefront property rather than assembling space from multiple sites.
Local Financial Insights For Specialty Retail
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 | $47.2k | $15.48 |
| − Vacancy | −$4.0k | −$1.31 |
| EGI | $43.2k | $14.17 |
| − OpEx | −$10.8k | −$3.54 |
| NOI | $32.4k | $10.63 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Peking Buffet — 93 2nd St, Coralville, IA 52241
Location Insight
- Map
- Local Demand
- City
- Iowa City
- County
- Johnson
- State
- Iowa
- Longitude
- -91.5563339
- Latitude
- 41.6759532
