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Iowa City Retail Building For Sale

1130 S Scott Blvd Iowa City, IA 52240

1130 S Scott Blvd, Iowa City, IA, 52240

$1,400,000

For Sale

$1,400,000

Fully leased retail building on Iowa City's growing east side.

Property Size8,876 SF

Lot Size1.44 Acres

Price / SF$157.73

AddedJan 2, 2025

Days on Market560

Last RefreshJul 14 at 4:22 am

Property Features for 1130 S Scott Blvd

General Information

Standard status: Active
Size: 8,876 SF
Lot size: 1.44 Acres

Listing office EDGE Realty Group, INC

Listing date Jan 2, 2025

Source Exprealty

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 EDGE Realty Group, INC

Investment Insights

Based on property information with market context.

This is a fully leased, stand-alone, one-story brick building with a total area of 8,876 square feet. It is situated on 1.4 acres within the Legacy Pointe campus. The property benefits from high traffic counts, exceeding 10,000 vehicles per day, and includes ample off-street parking. One tenant has approximately 4 years remaining on their lease, with two 10-year options to renew. The other tenant is currently on a year-to-year lease. The property is located on the growing east side of Iowa City.

Key Highlights

Fully leased stand‑alone building with 8,876 sq. ft.
Located in Iowa City's growing east side.
One tenant has approximately 4 years left on their lease with two 10‑year options to renew.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$127.8k	$14.40
− Vacancy	−$7.7k	−$0.86
EGI	$120.1k	$13.54
− OpEx	−$36.0k	−$4.06
NOI	$84.1k	$9.48

8,876 SF · lease $14.40/SF/yr · vacancy 6.00% · expense 30.00%

Alternative Uses

Best Use

Retail

$1.20M

$1.05M – $1.40M (±1% cap)

NOI $84,102 @ 7.0% cap · market cap 6.01%

Second Best

—

no second resolved use

Theoretical Best

Office A

$1.93M

$1.69M – $2.25M (±1% cap)

NOI $134,972 @ 7.0% cap · market cap 9.64%

Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Matthew Lanternier, MD Geriatric Care Provider Progressive Rehabilitation Associates ... Medical Clinic UnlimitedAbilities Charitable Organization Physmed Iowa Home ... Home Health Care Service Rosemary Shy Medical Clinic

Suggested Use

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For sale
Retail space
IA
Iowa City
52240
1130 S Scott Blvd

What type of property is this?

Retail space - Fully leased retail building on Iowa City's growing east side.

Where is this retail space located?

The property is located at 1130 S Scott Blvd Iowa City, IA.

What is the asking price?

The asking price for this property is $1,400,000.

What are key features of this property?

This property features: Fully leased stand‑alone building with 8,876 sq. ft.; Located in Iowa City's growing east side.; One tenant has approximately 4 years left on their lease with two 10‑year options to renew.