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Mixed-Use Property with Restaurant
For Sale
$495,000

1010 Martin St, Iowa City, IA 52245

Commercial Sale, Iowa City, IA

Property SizeContact for details
Lot Size0.07 Acres
Days on Market184

Property Features for 1010 Martin St

General Information

Property type Commercial Sale
Property subtype Other
Zoning OPD5
Interior features Zero-Step Entry
Elementary school Lincoln
Middle school Southeast
Directions From N Dubuque St, go west on Foster Rd. Then south on Moses Bloom Ln, at Walker Cir go west then an immediate South turn on to Martin St. Property is on the corner of Martin St and Willenbrock Cir
Subdivision Iowa City
Standard status Active
APN 1004327061
Lot size 0.07 Acres

Tenancy & Operations

Currently Operating Yes
Tenant in Place Yes

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 13480

Utilities

Utilities Cable Available
Heating system Forced Air, Natural Gas
Cooling system Central Air

Building Details

Year built 2014
Flooring type Vinyl, Wood
Building materials Brick
Buildings 1
Listing Agency: Lepic-Kroeger, REALTORS
Listed By: Jeff Edberg · License #B33730000
Added: May 1 Changed: Oct 27 Last Checked: Oct 31 at 7:06PM
MLS# 202602924

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.

Rey
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Investment Insights

Based on property information with market context.

Built in 2014, this three-story mixed-use property combines a restaurant space with a residential condo. The restaurant features a two-story ceiling, bar and dining areas, an interior mezzanine, a wraparound outdoor patio, and a commercial kitchen. Additional prep and storage space, along with an office, occupy the second floor. The third-floor condo has two bedrooms, two bathrooms, and views of a park; new flooring and paint are planned. The property is currently tenant occupied.

The site measures 0.0699 acres and carries OPD5 zoning. The building is constructed of brick and has central air conditioning and natural gas forced-air heating.

Key Highlights

  • Restaurant space includes a commercial kitchen, bar and dining areas, mezzanine, and wraparound outdoor patio
  • Three‑story building constructed in 2014
  • Third‑floor condo has 2 bedrooms, 2 bathrooms, and park views

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Ramen Belly Restaurant

Suggested Use

Top Pick Building Supply HVAC Service Garden Center (Bike/Boat/Book/etc) Store Storage Facility Computer & Electronic Repair

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

1
Residential units

Location Intelligence

Trade Area within ½ mile

748
Businesses Nearby
9k
Monthly Visits Nearby

Foot Traffic Nearby

Hotels & Casinos 100%
Staybridge Suites Iowa City - Coralville Hotels & Casinos
8,163 visits/mo 0.5 miles
Super 8 Iowa City/Coralville Hotels & Casinos
669 visits/mo 0.5 miles

Demographics for 52245, IA

21,874
Population
10,210
Households
2.1
Avg Household Size
34
Median Age
68%
College-Educated
99%
High-School Grad
8.4 sq mi
ZIP Area
2,604
Density / Sq Mi
$75,876
Median Household Income
$30,273
Median Earnings
$1,215
Median Rent
$293,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - The restaurant component is paired with a two-bedroom residential condo on the upper floor.
Where is this mixed-use property located?
The property is located at 1010 Martin St Iowa City, 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: Restaurant space includes a commercial kitchen, bar and dining areas, mezzanine, and wraparound outdoor patio; Three‑story building constructed in 2014; Third‑floor condo has 2 bedrooms, 2 bathrooms, and park views
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