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Central Storefront Retail Space
For Lease
$30 SF/Yr

123 E Washington St, Iowa City, IA 52240

Flexible storefront space with zero-step entry and support for retail, restaurant, office, or other commercial use.

Space SizeContact for details
Days on Market75

Property Features for 123 E Washington St

General Information

Standard status Active
Property subtype Com Lease
Zoning CB10
Lease Type NNN

Taxes and HOA fees

Annual Taxes $27,660

Amenities

Other
ZeroStepEntry
20 X 150

Building Details

Year Built 1900
Listing Agency: Lepic-Kroeger, REALTORS
Listed By: Tatiana McClinton
Source: Pinnaclerealtyia
Added: Jun 18 Changed: Aug 30 Last Checked: Aug 30 at 1:22PM

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 Lepic-Kroeger, REALTORS

Investment Insights

Based on property information with market context.

This 3100-square-foot storefront is available for rent in a central commercial setting. The space includes a zero-step entry and is identified for retail, restaurant, office, and other commercial occupancy. The property dates to 1900 and carries CB10 zoning.

The address is 123 E Washington St in Iowa City, directly across from the Old Capitol building and next door to Target at 113 Washington Street. It sits in the center of the Ped Mall, with reported pedestrian activity associated with more than 30,000 University of Iowa students in the central area during each school year. The property dimensions are listed as 20 X 150.

Key Highlights

  • 3100‑square‑foot storefront space available for rent
  • CB10 zoning with retail, restaurant, office, and other commercial use identified
  • Zero‑step entry

Property Analytics

Current Use

La 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

NNN (Triple Net)
Lease Type
$4.50 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,614
Businesses Nearby
113k
Monthly Visits Nearby
Under-served
Demand for This Use

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

Lease Benchmarks for Iowa City, IA

$21.2 /SF/Yr
Avg Asking Price
$15–$28 /SF/Yr
Price Range
4,536 SF
Avg Space Size

This space is priced 42% above the average of $21.2 /SF/Yr.

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

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Frequently Asked Questions

What type of property is this?
Storefront property - Flexible storefront space with zero-step entry and support for retail, restaurant, office, or other commercial use.
Where is this storefront property located?
The property is located at 123 E Washington St Iowa City, IA.
What is the lease rate?
The lease rate is $30 SF/Yr.
What are key features of this property?
This property features: 3100‑square‑foot storefront space available for rent; CB10 zoning with retail, restaurant, office, and other commercial use identified; Zero‑step entry
More about this property
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