Mixed-Use Building with
For Sale
$1,150,000
113 Iowa Ave, Iowa City, IA 52240
Commercial Sale, Iowa City, IA
Property SizeContact for details
Lot Size0.04 Acres
Days on Market263
Property Features for 113 Iowa Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C & MR R3+
Directions
South on Dubuque St, West on Iowa Ave.
Subdivision
Iowa City
Standard status
Active
APN
1010311012
Lot size
0.04 Acres
Additional Details
Tenant in Place
Yes
Mixed-Use Components
retail, residential
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
19790
Utilities
Utilities
Cable Available
Heating system
Natural Gas
Cooling system
Central Air
Building Details
Year built
1900
Flooring type
Concrete, Wood
Building materials
Brick, Frame
Buildings
1
Listing Agency:
Lepic-Kroeger, REALTORS
(319) 351-8811
Listed By:
Zach Hammes
(319) 631-5261
Added: Feb 13
Changed: Oct 27
Last Checked: Nov 2 at 2:06PM
MLS# 202601140
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.
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Investment Insights
Based on property information with market context.
Built in 1900, the property contains 1,900 square feet of retail area across the main floor and basement, with 988 square feet of residential space above. The building has brick and frame construction, concrete and wood flooring, natural gas heat, and central air conditioning. Cable is available, and zoning is listed as C & MR R3+.
The retail space is leased to The Wedge Pizzeria through January 31, 2030, with three five-year options. The residential area is occupied without a lease. One parking space is located behind the building. The parcel measures 0.04 acres in Iowa City.
The retail space is leased to The Wedge Pizzeria through January 31, 2030, with three five-year options. The residential area is occupied without a lease. One parking space is located behind the building. The parcel measures 0.04 acres in Iowa City.
Key Highlights
- 1,900 square feet of retail space on the main level and in the basement
- 988 square feet of residential space above the retail area
- Retail tenant lease runs through January 31, 2030, with three 5‑year options
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
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
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property pairs street-level commercial space with occupied residences on the upper floor.
Where is this mixed-use 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 $1,150,000.
What are key features of this property?
This property features: 1,900 square feet of retail space on the main level and in the basement; 988 square feet of residential space above the retail area; Retail tenant lease runs through January 31, 2030, with three 5‑year options
