Mixed-Use Retail and
For Sale
$1,200,000
113 Iowa Ave, Iowa City, IA 52240
Fully leased downtown mixed-use property with retail space and residential unit(s) above, plus one parking spot behind.
Property Size2,888 SF
Price / SF$415.51
Days on Market204
Property Features for 113 Iowa Ave
General Information
Standard status
Active
Size
2,888 SF
Total Parking Spaces
1
Property subtype
Commercial
Zoning
C & MR R3+
Occupancy
100%
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$19,790
Amenities
Concrete,Wood
19 X 100
0.04
CountyRoad
Building Details
Year Built
1900
Stories
2
Tenancy
Multi
Listing Agency:
SKOGMAN REALTY COMMERCIAL
(319) 393-0900
Listed By:
Nicki Kramer
(319) 981-2889
Source:
Pinnaclerealtyia
Added: Feb 13
Changed: Sep 5
Last Checked: Sep 5 at 5:01AM
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 SKOGMAN REALTY COMMERCIAL
Investment Insights
Based on property information with market context.
This investment property is fully leased and includes main-floor and basement retail space leased to The Wedge Pizzeria through January 31, 2030. The tenant has three 5-year options. Residential space above is fully rented without a lease, which may offer flexibility for future renovation planning.
The property is located at 113 Iowa Ave in Iowa City and includes one parking spot behind the building.
The building is configured with retail on the lower level and residential space above, supporting an income stream from both components under current tenancy.
The property is located at 113 Iowa Ave in Iowa City and includes one parking spot behind the building.
The building is configured with retail on the lower level and residential space above, supporting an income stream from both components under current tenancy.
Key Highlights
- Downtown Iowa City mixed‑use investment property is fully leased
- Main floor and basement retail space (1900 sq. ft) leased to The Wedge Pizzeria through Jan 31, 2030
- Residential space above (988 sq. ft) is fully rented without a lease, allowing flexibility for future renovations
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,486
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
0.2 miles
Kum & Go
Shops & Services
16,225 visits/mo
0.3 miles
Starbucks
Dining
14,510 visits/mo
0.3 miles
Hilton Garden Inn
Hotels & Casinos
11,525 visits/mo
0.3 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
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
1031 exchange property - Fully leased downtown mixed-use property with retail space and residential unit(s) above, plus one parking spot behind.
Where is this 1031 exchange property located?
The property is located at 113 Iowa Ave Iowa City, IA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Downtown Iowa City mixed‑use investment property is fully leased; Main floor and basement retail space (1900 sq. ft) leased to The Wedge Pizzeria through Jan 31, 2030; Residential space above (988 sq. ft) is fully rented without a lease, allowing flexibility for future renovations
