Leased Mixed-Use
For Sale
$1,250,000
113 Iowa Ave, Iowa City, IA 52240
CommercialSale, IowaCity, IA
Property SizeContact for details
Lot Size0.04 Acres
Days on Market193
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
IowaCity
Standard status
Active
APN
1010311012
Lot size
0.04 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
19790
Utilities
Heating system
Natural Gas
Cooling system
Central Air
Building Details
Year built
1900
Flooring type
Wood, Concrete
Building materials
Brick, Frame
Roof type
Tar/Gravel
Listing Agency:
Lepic-Kroeger, REALTORS
(319) 351-8811
Listed By:
Zach Hammes
(319) 631-5261
Added: Feb 13
Changed: Aug 19
Last Checked: Aug 25 at 6:06PM
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.
Investment Insights
Based on property information with market context.
This two-level mixed-use property includes 1,900 square feet of retail area across the main floor and basement, together with 988 square feet of residential space upstairs. The retail component is occupied by The Wedge Pizzeria under a lease running through January 31, 2030, with three five-year renewal options. The upper residence is rented without a lease, providing a different tenancy structure within the building.
Constructed in 1900, the property features brick and frame construction, wood and concrete flooring, natural gas heat, central air, and a tar-and-gravel roof. One parking space is located behind the building. Zoning is identified as C & MR R3+.
Constructed in 1900, the property features brick and frame construction, wood and concrete flooring, natural gas heat, central air, and a tar-and-gravel roof. One parking space is located behind the building. Zoning is identified as C & MR R3+.
Key Highlights
- Fully leased mixed‑use property with retail and residential components
- 1,900 SF of main‑floor and basement retail space
- 988 SF residential unit above the retail area
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully leased property combining ground-floor retail with an occupied residential unit above in downtown Iowa City.
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 $1,250,000.
What are key features of this property?
This property features: Fully leased mixed‑use property with retail and residential components; 1,900 SF of main‑floor and basement retail space; 988 SF residential unit above the retail area
