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Office Building with Elevator

120 E Main, Washington, IA 52353

For Sale
$779,000

Commercial Sale, Washington, IA

Property Size8,800 SF
Lot Size0.20 Acres
Price / SF$88.52
Days on Market45

Property Features for 120 E Main

General Information

Property type Commercial Sale
Property subtype Office
Zoning commercial
Interior features Elevator, Zero-Step Entry
Accessibility Accessible Elevator Installed
Directions Hwy 92 turn N on 2nd Ave to property corner of S 2nd Ave & E Main
Subdivision Washington Area
Standard status Active
APN 1117333015
Lot size 0.20 Acres

Additional Details

Tenant in Place Yes
Property Use Office
Condition Move-in Ready

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 12500

Utilities

Heating system Central, Forced Air, Natural Gas
Cooling system Central Air, Zoned

Amenities

ADT security system with keycard access
underground watering system

Building Details

Year built 1952
Flooring type Carpet
Building materials Brick, Frame
Roof type Metal
Buildings 1
Listing Agency: REMAX Affiliates · RE/MAX International
Listed By: Connie Larsen · License IA S36913000
Added: Sep 29 Changed: Oct 25 Last Checked: Nov 12 at 8:06AM
MLS# 202605808

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.

Rey
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Investment Insights

Based on property information with market context.

At 120 E Main in downtown Washington, this 8,800-SF office property includes multiple established tenants and a main-level Suite 1 of nearly 4,000 SF. That suite contains 11 private offices, a conference room, a full kitchen, and two private restrooms. The building also has an elevator, zero-step entry, keycard access, and an underground irrigation system serving the front landscaping.

A comprehensive reconstruction was completed in 2022. Flexible office layouts allow Suite 1 to remain intact or be divided into smaller offices. The property is zoned commercial and occupies a 0.2-acre site.

Key Highlights

  • 8,800‑SF office building with multiple established tenants
  • Main‑level Suite 1 spans nearly 4,000 SF and has 11 private offices
  • Suite 1 includes a conference room, full kitchen, and two private restrooms

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

The Joy of Music Vocational School Main Street Washington Charitable Organization Washington Economic Development ... Charitable Organization Washington County Riverboat ... Charitable Organization Randy Swift Guitar ... Tutoring Service

Suggested Use

Top Pick HVAC Service (Bike/Boat/Book/etc) Store Real Estate Agency Carpet & Flooring Store Skin Care Clinic Bakery

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

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

536
Businesses Nearby

Demographics for 52353, IA

9,416
Population
3,995
Households
2.4
Avg Household Size
41
Median Age
22%
College-Educated
93%
High-School Grad
157.4 sq mi
ZIP Area
60
Density / Sq Mi
$63,232
Median Household Income
$36,062
Median Earnings
$912
Median Rent
$155,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025

Frequently Asked Questions

What type of property is this?
Office building - Reconstructed in 2022, the property combines established tenants with a sizable main-floor suite and elevator access.
Where is this office building located?
The property is located at 120 E Main Washington, IA.
What is the asking price?
The asking price for this property is $779,000.
What are key features of this property?
This property features: 8,800‑SF office building with multiple established tenants; Main‑level Suite 1 spans nearly 4,000 SF and has 11 private offices; Suite 1 includes a conference room, full kitchen, and two private restrooms
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