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Flex Space with Office Areas
New
For Lease
$1,500/Mo

115 Southgate Ave, Iowa City, IA 52240

Finished office space at the entrance is complemented by two rooms above the bay door.

Space SizeContact for details
Days on Market2

Property Features for 115 Southgate Ave

General Information

Standard status Active
Property subtype Com Lease
Zoning Commercial

Additional Details

Utilities to Site Yes

Taxes and HOA fees

Annual Taxes $17,425

Amenities

1 restroom
2 office or storage spaces above the bay door
finished office space at entry
Concrete
Irreg
CountyRoad

Building Details

Year Built 2013
Listing Agency:
Listed By: Ali Fortin
Source: Pinnaclerealtyia
Added: Oct 16 Last Checked: Oct 16 at 5:23AM

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 Ali Fortin

Rey
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Investment Insights

Based on property information with market context.

This flex unit offers over 1,200 square feet, with finished office space at the entry and two office or storage rooms positioned above the bay door. The space also includes one restroom and is in a building constructed in 2013.

The property is zoned Comm. The tenant is responsible for utilities.

Key Highlights

  • Over 1,200 sq ft of flex space
  • Finished office area at the entry
  • Two office or storage rooms above the bay door

Property Analytics

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Current Use

EZ Auto Sales ... Car Dealership Davis Heating & Air ... HVAC Service Source Solar Electrical Service

Suggested Use

Top Pick Dental Office HVAC Service Big Box & Wholesale Store Accounting Firm Daycare Center Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Utilities to site
NNN (Triple Net)
Lease Type
$2.09 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

771
Businesses Nearby
Well-served
Demand for This Use

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Iowa City, IA

$13.62 /SF/Yr
Avg Asking Price
$11.47–$14.65 /SF/Yr
Price Range
7,407 SF
Avg Space Size

This space is priced 2% above the average of $13.62 /SF/Yr.

Vacancy Rate% for Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025

Similar Off Market Nearby

  • SELINA'S CREATIONS — 611 Southgate Ave, Iowa City, IA 52240
  • Hy-Vee Catering — 1720 Waterfront Dr, Iowa City, IA 52240
  • Catered By Charlotte — 580 Hwy 1 W, Iowa City, IA 52246
  • Firehouse Subs HWY One IC — 161 Hwy 1 W, Iowa City, IA 52246
  • Wich-Uh-Waffle — 1104 S Gilbert St, Iowa City, IA 52240

Frequently Asked Questions

What type of property is this?
Flex space - Finished office space at the entrance is complemented by two rooms above the bay door.
Where is this flex space located?
The property is located at 115 Southgate Ave Iowa City, IA.
What is the lease rate?
The lease rate is $1,500/Mo.
What are key features of this property?
This property features: Over 1,200 sq ft of flex space; Finished office area at the entry; Two office or storage rooms above the bay door
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