124 E Washington St Iowa City, IA 52240

Building Details

Year Built

1900

Listing office Realty87 c***@pinnaclerealtyia.com Show Phone

Listing date Apr 2, 2026

Source Pinnaclerealtyia

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Investment Insights

Based on property information with market context.

This property offers approximately 2,800 square feet of commercial space with a flexible open configuration that can support either retail or office use. The space has been used previously as an office and can also be adapted for restaurant service or other commercial concepts. A full basement adds practical capacity, including additional offices, storage, and an employee restroom, which can support back-of-house operations.

The building is located on Washington St in downtown Iowa City, in close proximity to the University of Iowa campus. The tenant space has rear door access to “Paris Cleaner’s Alley,” providing a dedicated route for delivery vehicles. The property is across the street from Target, where foot traffic is described as high.

For tenants and operators, the combination of an open main area, basement support space, and delivery access makes this layout workable for a range of street-facing retail or service uses. It is currently vacant and available for showings, with the existing setup ready for immediate occupancy and the option to reconfigure depending on the intended business use.

Key Highlights

• 2800 SF commercial space on Washington St in downtown Iowa City near the University of Iowa campus
• Open office or retail layout, with potential to convert to a restaurant or other commercial use
• Full basement includes offices, storage, and an employee restroom

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FAQs

What type of property is this?

Retail space - Flexible open layout with full basement and rear delivery access across from Target.

Where is this retail space located?

The property is located at 124 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: 2800 SF commercial space on Washington St in downtown Iowa City near the University of Iowa campus; Open office or retail layout, with potential to convert to a restaurant or other commercial use; Full basement includes offices, storage, and an employee restroom