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Peninsula Neighborhood Live/Work Property
For Sale
$545,000

1010 Martin St, Iowa City, IA 52245

Live/work property with retail/office space and residential flat.

Property Size1,119 SF
Price / SF$487.04
Days on Market633

Property Features for 1010 Martin St

General Information

Standard status Active
Size 1,119 SF
Property subtype Commercial/Industrial

Taxes and HOA fees

Annual Taxes $13,442

Building Details

Year Built 2014
Listing Agency: Lepic-Kroeger, REALTORS
Listed By: Adam Pretorius
Source: Exitrealty
Added: Nov 17, 2024 Changed: Aug 8 Last Checked: May 19 at 10:38PM

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.

Located in the Peninsula Neighborhood, this live/work property features an 800-square-foot retail/office space on the street level and a 1,325-square-foot flat above with 2 bedrooms and 2 bathrooms. A 675-square-foot mezzanine space offers flexibility and can be combined with either the residential or commercial area. Separate entrances and direct access between the spaces provide convenience. The property also includes a fully built-out and equipped Ramen Belly bar/restaurant space with kitchen and bar essentials, furnishings, and equipment. The bar has a two-story ceiling, balcony seating for entertainment, and ample outdoor seating. The property is located just east of Emma Harvat Square. The property size is 1119 square feet. This setup is suitable for those seeking a ready-made business in a thriving neighborhood.

Key Highlights

  • Live/work property in the vibrant Peninsula Neighborhood.
  • Includes a fully built‑out and equipped Ramen Belly bar/restaurant space.
  • 800‑square‑foot retail/office space on the street level.

Property Analytics

Current Use

Ramen Belly Restaurant

Suggested Use

Top Pick Building Supply HVAC Service (Bike/Boat/Book/etc) Store Garden Center Storage Facility Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

748
Businesses Nearby

Demographics for 52245, IA

21,874
Population
10,210
Households
2.1
Avg Household Size
34
Median Age
68%
College-Educated
99%
High-School Grad
8.4 sq mi
ZIP Area
2,604
Density / Sq Mi
$75,876
Median Household Income
$30,273
Median Earnings
$1,215
Median Rent
$293,300
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Live/work property with retail/office space and residential flat.
Where is this mixed-use property located?
The property is located at 1010 Martin St Iowa City, IA.
What is the asking price?
The asking price for this property is $545,000.
What are key features of this property?
This property features: Live/work property in the vibrant Peninsula Neighborhood.; Includes a fully built‑out and equipped Ramen Belly bar/restaurant space.; 800‑square‑foot retail/office space on the street level.
More about this property
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