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    Downtown Iowa City Office Suite Title is generated by Realmo AI

    125 S Dubuque St B, Iowa City, IA 52240

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    Claim this Listing
    For Sale
    $670,000

    Office suite for sale in downtown Iowa City.

    Type:Commercial/Industrial
    Property size:
    3,480 SF
    Lot size:
    0.41 Acres
    Price / SF:
    $192/SF
    Added:
    Feb 7, 2025
    Days on Market:
    492
    Last Refresh:
    May 20 at 1:45 am

    Property Features for 125 S Dubuque St B

    General Information

    Standard status
    Active
    Size
    3,480 SF
    Lot size
    0.41 Acres
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    1977

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    Listing Contact
    Jeff Edberg
    Jeff Edberg

    Listing agent Jeff Edberg License #IA B33730000

    Listing office Lepic-Kroeger, REALTORS

    Listing date Feb 7, 2025

    Source Exitrealty

    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

    HighLights

    • Prime downtown Iowa City location in the heart of the Ped Mall.
    • Half of the 3,480 SF suite is available for immediate owner occupancy (1,740 SF).
    • Existing lease on the other half provides potential income.
    • CAM charges include all utilities.
    • Elevator access and card key access provide convenience and security.
    • Includes conference, storage, office, and kitchen areas.

    Overview

    Located in downtown Iowa City, Plaza Center One offers a 3,480-square-foot suite on the 4th floor. Situated in the heart of the Ped Mall, this elevator-served suite features an open layout with conference, storage, office, and kitchen areas. Approximately half of the suite is currently leased, leaving 1,740 square feet available for an owner-user. The first-floor lobby is open to the public from 7 AM to 5 PM, Monday through Friday, with card key access available at any time. The listed space size includes a pro-rata portion of the common area. CAM charges cover all utilities for the suite. The space is available immediately.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $62.6k $18.00
    − Vacancy −$9.4k −$2.70
    EGI $53.2k $15.30
    − OpEx −$13.3k −$3.82
    NOI $39.9k $11.48
    3,480 SF · lease $18.00/SF/yr · vacancy 15.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $570.5K
    $499.2K – $665.6K (±1% cap)
    NOI $39,933 @ 7.0% cap · market cap 5.96%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $756.0K
    $661.5K – $882.0K (±1% cap)
    NOI $52,918 @ 7.0% cap · market cap 7.90%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    James Beeghly Physician Kone Inc General Contractor Candor Conference Consultant Representative Dave Loebsack Government Office Aspen Leaf Frozen ... Cafe & Coffee Shop

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Dental Office Building Supply Gym & Fitness Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Iowa City
    County
    Johnson
    State
    Iowa
    Longitude
    -91.5335
    Latitude
    41.6593

    FAQs

    What type of property is this?
    Office units - Office suite for sale in downtown Iowa City.
    Where is this office units located?
    The property is located at 125 S Dubuque St B Iowa City, IA.
    What is the asking price?
    The asking price for this property is $670,000.
    What are key features of this property?
    This property features: Prime downtown Iowa City location in the heart of the Ped Mall.; **Half of the 3,480 SF suite is available for immediate owner occupancy (1,740 SF).**; Existing lease on the other half provides potential income.
    More about this property
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