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    655 W Penn St North Liberty, IA 52317

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    For Lease
    $28 SF/Yr ($16,660 /Mo)

    Retail space available in fast-growing North Liberty, Iowa.

    Property size:
    7,140 SF
    Lot size:
    0.88 Acres

    Property Features for 655 W Penn St

    General Information

    Size
    7,140 SF
    Lot size
    0.88 Acres

    Source: Cushman & Wakefield Agent Josh Seamans

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

    Overview

    North Liberty Retail Opportunity

    This retail property offers prime exposure at the intersection of Penn Street and Highway 965 in North Liberty, Iowa. North Liberty is recognized as one of the fastest-growing cities in Iowa, ranking second in percentage growth in population for 2019. A drive-thru opportunity is available at a signalized intersection. The property is surrounded by retailers such as Walgreens, Dunkin’ Donuts, U of I Community Credit Union, Panchero’s, and McDonald’s. The property offers 7,140 square feet of space and is suitable for drive-through restaurants, restaurants, and other retail purposes.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Drive through restaurants

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Auto Repair Shop Hair Salon Clothing Store Gym & Fitness Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    North Liberty
    County
    Johnson
    State
    Iowa
    Longitude
    -91.5861841
    Latitude
    41.7511372

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    FAQs

    What type of property is this?
    Drive through restaurant - Retail space available in fast-growing North Liberty, Iowa.
    Where is this drive through restaurant located?
    The property is located at 655 W Penn St North Liberty, IA.
    What is the lease rate?
    The lease rate is $28 SF/Yr.
    What are key features of this property?
    This property features: - Prime retail exposure at Penn St & Hwy 965 intersection; - Rare Drive-Thru opportunity available at signalized intersection; - Located in North Liberty, a top 10 fastest growing city in Iowa
    (319) 213-4884
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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
    655 W Penn St North Liberty, IA 52317
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