113 Iowa Ave Iowa City, IA 52240

Building Details

Year Built

1900

Listing agency Lepic-Kroeger, REALTORS n***@nickikramerrealty.com Show Phone

Listed by Nicki Kramer Show Phone

Source Pinnaclerealtyia

Added: Feb 13 Updated: Jul 21 at 11:27PM Checked: Jul 21 at 11:27PM

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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.

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

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FAQs

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 $1,250,000.

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