Lower-Level Retail and Office
For Lease
$15 SF/Yr
111 E Washington St, Iowa City, IA 52240
Lower-level space in a pedestrian mall location across from the Old Capitol, suitable for retail or office uses.
Space SizeContact for details
Days on Market1695
Property Features for 111 E Washington St
General Information
Standard status
Active
Property subtype
Com Lease
Zoning
CB10
Lease Type
NNN
Taxes and HOA fees
Annual Taxes
$27,000
Amenities
Other
Building Details
Year Built
1900
Listing Agency:
Vine Valley Real Estate
(319) 431-0382
Listed By:
Z Maryland
(319) 431-0382
Source:
Pinnaclerealtyia
Added: Jan 3, 2022
Changed: Aug 25
Last Checked: Aug 25 at 5:28AM
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 Vine Valley Real Estate
Investment Insights
Based on property information with market context.
This lower-level suite offers flexible space that previously supported a fitness tenant and can accommodate a range of commercial uses, including retail or office. The premises are set up with existing men's and women's bathrooms, and the available area can include storage. Prospective tenants should expect to complete some build-out to suit their specific operational needs.
The property is situated in the center of a pedestrian mall, directly across the street from the Old Capitol building. The unit benefits from substantial walk-by activity from University of Iowa students during the school year. Target is located upstairs in the same building, and Hands Jewelers and a Cactus Mexican restaurant are next door.
With its existing restrooms and the option for space that includes storage, the suite can work for businesses looking for a downtown-oriented footprint with high pedestrian exposure. Because the unit will require tenant build-out, it is best suited for operators and retailers comfortable planning interior improvements to match their concept and layout requirements.
The property is situated in the center of a pedestrian mall, directly across the street from the Old Capitol building. The unit benefits from substantial walk-by activity from University of Iowa students during the school year. Target is located upstairs in the same building, and Hands Jewelers and a Cactus Mexican restaurant are next door.
With its existing restrooms and the option for space that includes storage, the suite can work for businesses looking for a downtown-oriented footprint with high pedestrian exposure. Because the unit will require tenant build-out, it is best suited for operators and retailers comfortable planning interior improvements to match their concept and layout requirements.
Key Highlights
- Lower‑level commercial space in the center of the Pedestrian Mall, across the street from the Old Capitol building
- Former Gold’s Gym/319 Fitness lower level; commercial, retail, or office uses could occupy the space
- Up to 11,000 sq ft available, including storage and existing men’s/women’s bathrooms
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$2.25 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
2,614
Businesses Nearby
113k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 53%
Dining 26%
Hotels & Casinos 21%
Iowa City #1
Shops & Services
19,700 visits/mo
0.3 miles
Kum & Go
Shops & Services
16,225 visits/mo
0.2 miles
Starbucks
Dining
14,510 visits/mo
0.1 miles
Hilton Garden Inn
Hotels & Casinos
11,525 visits/mo
0.2 miles
U.S. Bank
Shops & Services
9,793 visits/mo
0.1 miles
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
$22.97 /SF/Yr
Avg Asking Price
$10.72–$35.07 /SF/Yr
Price Range
7,830 SF
Avg Space Size
This space is priced 35% below the average of $22.97 /SF/Yr.
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Lower-level space in a pedestrian mall location across from the Old Capitol, suitable for retail or office uses.
Where is this retail space located?
The property is located at 111 E Washington St Iowa City, IA.
What is the lease rate?
The lease rate is $15 SF/Yr.
What are key features of this property?
This property features: Lower‑level commercial space in the center of the Pedestrian Mall, across the street from the Old Capitol building; Former Gold’s Gym/319 Fitness lower level; commercial, retail, or office uses could occupy the space; Up to 11,000 sq ft available, including storage and existing men’s/women’s bathrooms
