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    1920 Lower Muscatine Rd Iowa City, IA 52240

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    For Sale
    $850,000

    Former Deli-Mart available on a hard corner in Iowa City.

    Property size:
    2,855 SF
    Lot size:
    0.35 Acres

    Property Features for 1920 Lower Muscatine Rd

    General Information

    Size
    2,855 SF
    Lot size
    0.35 Acres

    Source: Cushman & Wakefield Agent Ryan Fitzpatrick

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Opportunity on Corner Lot

    A former Deli-Mart is available for sale on the hard corner of S First Ave & Lower Muscatine Rd in Iowa City, IA. The property offers a value-add opportunity for investors through potential lease-up, or provides an owner-user with a prominent location. The site benefits from visibility on US-6, which sees approximately 30,000 vehicles per day. It is situated along a well-established retail corridor, surrounded by national tenants. Adjacent businesses include McDonald’s, Panera, Java House, Wendy’s, Earl May, Dollar Tree, Marcus Cinema Theaters, Ollie’s, Petland, JoAnn’s, and Planet Fitness. Certain restrictions apply to this location, including limitations on pizza, bakery items, fuel, tobacco, and alcohol sales. The property size is 2855 square feet.
    Location Intelligence

    Current Use by Public Records

    bp Gas Station

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Iowa City
    County
    Johnson
    State
    Iowa
    Longitude
    -91.5058005
    Latitude
    41.6419471

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    FAQs

    What type of property is this?
    Grocery and convenience store - Former Deli-Mart available on a hard corner in Iowa City.
    Where is this grocery and convenience store located?
    The property is located at 1920 Lower Muscatine Rd Iowa City, IA.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: - High visibility location on the hard corner of S First Ave & Lower Muscatine Rd in Iowa City, IA.; - Located along a dominant retail corridor with many national tenants.; - High traffic count of +/- 30,000 VPD on US-6.
    (319) 431-1898
    Request Owner's contact information
    1920 Lower Muscatine Rd Iowa City, IA 52240
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    Iowa City, IA 52240
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1920 Lower Muscatine Rd Iowa City, IA 52240
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