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Renovated Retail Space
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121 E Washington St, Iowa City, IA 52240

Open layout with exposed brick, wood flooring, and designer lighting.

Property SizeContact for details
Days on Market135

Property Features for 121 E Washington St

General Information

Standard status Active
Property subtype Retail

Additional Details

Road Access Yes

Amenities

exposed brick walls
designer lighting
durable wood flooring
soft seating
open layout
Central Air
3
Vinyl
20 X 150
Other, Paved Road.

Building Details

Year Built 1920
Listing Agency: Skogman Realty Co.
Listed By: Kevin Wu
Source: Xome
Added: Apr 19 Changed: Aug 30 Last Checked: Aug 30 at 6:54PM

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 Skogman Realty Co.

Investment Insights

Based on property information with market context.

This retail space occupies a 1920 building at 121 E Washington St in Downtown Iowa City. The interior has been updated with exposed brick, designer lighting, durable wood flooring, soft seating, central air, and an open arrangement with a bright, welcoming feel. The configuration is suited to retail, café, dessert, or service-oriented operations.

The property sits along E Washington Street, identified as a major city corridor, with reported traffic counts of 16,000–20,000 vehicles per day. Its downtown setting provides pedestrian activity associated with the University of Iowa campus, nearby apartments, and surrounding businesses. The district is described as walkable and includes more than 30,000 students along with restaurants, retail, and entertainment venues.

Key Highlights

  • Updated interior with exposed brick, designer lighting, wood flooring, and soft seating
  • Central air conditioning
  • Open interior layout

Property Analytics

Current Use

Teamo Tea Cafe & Coffee Shop

Suggested Use

Top Pick Furniture & Home Goods (Bike/Boat/Book/etc) Store Pet Grooming Service Butcher Storage Facility Nail Salon

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
Paved road access

Location Intelligence

Trade Area within ½ mile

2,614
Businesses Nearby
113k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 53% Dining 26% Hotels & Casinos 21%
Iowa City #1 Shops & Services
19,700 visits/mo 0.3 miles
Kum & Go Shops & Services
16,225 visits/mo 0.2 miles
Starbucks Dining
14,510 visits/mo 0.1 miles
Hilton Garden Inn Hotels & Casinos
11,525 visits/mo 0.2 miles
U.S. Bank Shops & Services
9,793 visits/mo 0.1 miles

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

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Open layout with exposed brick, wood flooring, and designer lighting.
Where is this retail space located?
The property is located at 121 E Washington St Iowa City, IA.
What are key features of this property?
This property features: Updated interior with exposed brick, designer lighting, wood flooring, and soft seating; Central air conditioning; Open interior layout
More about this property
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