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For sale
Office Units
IA
Iowa City
52240
125 S Dubuque St B IA 52240

Downtown Iowa City Office Suite

125 S Dubuque St B, Iowa City, IA 52240

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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

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.

We can help!

Listing Contact

Jeff Edberg

Learn more

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

We can help!

Listing Contact

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

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

Location Insight

Map
Local Demand

City: Iowa City
County: Johnson
State: Iowa
Longitude: -91.5335
Latitude: 41.6593

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For sale
Office Units
IA
Iowa City
52240
125 S Dubuque St B IA 52240

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.