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Shopping Center Retail Suite
New
For Lease
$20 SF/Yr

107 Hwy 1W, Iowa City, IA 52240

COMMERCIAL - IowaCity, IA

Space Size1,784 SF
Lot Size0.04 Acres
Days on Market7

Property Features for 107 Hwy 1W

General Information

Property type Commercial Lease
Property subtype Retail
Zoning Commercial
Directions Corner of Hwy 1W and Riverside Dr. Located right next to Sun Tan City and Fin and Feather in the Gateway One Shopping Center.
Subdivision IowaCity
Standard status Active
APN 1016408011
Lot size 0.04 Acres

Taxes and HOA fees

Tax Annual Amount 4894

Utilities

Heating system Natural Gas, Forced Air
Cooling system Central Air

Building Details

Year built 1966
Flooring type Concrete
Building materials Block
Roof type Tar/Gravel
Listing Agency: Ambrose & Associates, REALTORS
Listed By: Tina Frantz
Added: Aug 6 Last Checked: Aug 12 at 12:06AM
MLS# 202604882

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 retail suite offers approximately 1,784 square feet within Gateway One Shopping Center. Delivered as a white envelope, the space allows the incoming tenant to plan the interior around its operational requirements. The building dates to 1966 and features block construction, concrete flooring, natural gas forced-air heat, central air conditioning, and a tar/gravel roof.

The property is located at 107 Hwy 1W in Iowa City, at the intersection of Highway 1 and Riverside Drive. The center includes Starbucks, AutoZone, Arby’s, Dollar Tree, Firehouse Subs, Pizza Ranch, Sun Tan City, and Fin & Feather, along with additional retail and restaurant occupants. Ample parking and access to major thoroughfares support customer and employee convenience. The suite is identified for retail, office, medical, and service-oriented business uses in the property information.

Key Highlights

  • Approximately 1,784 square feet of retail space
  • White‑envelope delivery allows interior customization
  • Located at Highway 1 and Riverside Drive

Property Analytics

Current Use

Retail space

Lease Details

Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type
$3.00 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2
Businesses Nearby

Demographics for 52240, IA

34,224
Population
17,035
Households
2
Avg Household Size
29
Median Age
47%
College-Educated
94%
High-School Grad
142.1 sq mi
ZIP Area
241
Density / Sq Mi
$55,189
Median Household Income
$25,508
Median Earnings
$1,065
Median Rent
$241,100
Median Home Value

Market

Lease Benchmarks for Iowa City, IA

$22.6 /SF/Yr
Avg Asking Price
$10.72–$35.07 /SF/Yr
Price Range
6,858 SF
Avg Space Size

This space is priced 11% below the average of $22.6 /SF/Yr.

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
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - White-envelope delivery supports an interior build-out tailored to the incoming business.
Where is this retail space located?
The property is located at 107 Hwy 1W Iowa City, IA.
What is the lease rate?
The lease rate is $20 SF/Yr.
What are key features of this property?
This property features: Approximately 1,784 square feet of retail space; White‑envelope delivery allows interior customization; Located at Highway 1 and Riverside Drive
More about this property
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