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640 Highway 1 W Iowa City, IA 52246

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For Sale
$1,600,000

Highly visible bank branch with co-tenant and cell tower lease.

Property size:
8,414 SF
Lot size:
2.04 Acres

Property Features for 640 Highway 1 W

General Information

Size
8,414 SF
Lot size
2.04 Acres

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Listing Contact
Adam Gibbs
Adam Gibbs
Source: Moodyscre

Listing Agent: Adam Gibbs

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

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Overview

Iowa City Bank Branch Building

Located on Highway 1 W in Iowa City, next to Culvers and across from Aldi and several auto dealerships, this property is a former bank branch building. The property is partially leased to a medical office user, Jensen Eyecare, which occupies 3,137 square feet. It also benefits from a cell tower lease. The former bank branch space is currently vacant and comprises 5,277 square feet with a drive-through. The interior build-out of the available space includes 7 private offices, cubicle spaces, a teller line, and a conference room. The total property size is 8,414 square feet.
Location Intelligence

Current Use by Public Records

Jensen Eyecare Center Physician Rebecca E. Aspholm, ... Physician Dr. Rebecca Borkovec Physician David Jensen Physician Farmers Savings Bank Bank

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

Location Insight

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City
Iowa City
County
Johnson
State
Iowa
Longitude
-91.5483259
Latitude
41.6480723

FAQs

What type of property is this?
Office building - Highly visible bank branch with co-tenant and cell tower lease.
Where is this office building located?
The property is located at 640 Highway 1 W Iowa City, IA.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: - Highly visible location on Highway 1 W, next to Culver's and across from Aldi and auto dealerships.; - Partially leased with existing income from a medical office tenant (Jensen Eyecare) and a cell tower lease.; - Former bank branch building with drive-through.
More about this property
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