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Downtown Office Suite in Plaza Center

125 S Dubuque St Iowa City, IA 52240

125 S Dubuque St, Iowa City, IA, 52240
$1,050,000
For Sale
Claim this Listing
$1,050,000

A 4th-floor office suite with elevator access and multiple private offices, conference rooms, and a break room.

Property Size4,720 SF
Price / SF$222.46
AddedFeb 6, 2025
Days on Market524
Last RefreshJul 5 at 3:03 am

Property Features for 125 S Dubuque St

General Information

Standard status
Active
Size
4,720 SF
Property subtype
Commercial

Building Details

Year Built
1977

Listing office RE/MAX Independence Realty

Listing date Feb 6, 2025

Source Pinnaclerealtyia

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 RE/MAX Independence Realty


Investment Insights

Based on property information with market context.

The offering is a 4th-floor office suite totaling 4,720 square feet within Plaza Center One. The elevator-served layout is largely open and includes a reception desk, 12 private offices, conference rooms, and a break room. The suite also includes its pro-rata portion of the common area assigned to it.

The building is located downtown Iowa City, in the heart of the Ped Mall area. The first-floor lobby is open 7-5, Monday through Friday for public access, with card key access available at any time.

This configuration is well suited for an office user that values a mix of open and enclosed work areas, along with dedicated conference and break space. For investors or buyers looking at income-producing office holdings, the property is currently associated with a recently negotiated 10-year lease, with additional lease details to be provided after signing an NDA. CAM charges include all utilities, which can help simplify operating cost budgeting.

Key Highlights

  • 4th‑floor office suite totaling 4,720 SF in Plaza Center One in downtown Iowa City
  • Elevator‑served suite with zero‑step entry
  • Layout includes a reception desk, 12 private offices, conference rooms, and a break room

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 $85.0k $18.00
− Vacancy −$12.7k −$2.70
EGI $72.2k $15.30
− OpEx −$18.1k −$3.82
NOI $54.2k $11.48
4,720 SF · lease $18.00/SF/yr · vacancy 15.00% · expense 25.00%

Alternative Uses

Best Use
Office B
$773.7K
$677.0K – $902.7K (±1% cap)
NOI $54,162 @ 7.0% cap · market cap 5.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.03M
$897.2K – $1.20M (±1% cap)
NOI $71,774 @ 7.0% cap · market cap 6.84%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile 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

Furniture & Home Goods (Bike/Boat/Book/etc) Store Pet Grooming Service Butcher Storage Facility Tanning Salon (Bike/Boat/Book/etc) Store Electrical Service Pet Store Home Appliance Store

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

FAQs

What type of property is this?
Office units - A 4th-floor office suite with elevator access and multiple private offices, conference rooms, and a break room.
Where is this office units located?
The property is located at 125 S Dubuque St Iowa City, IA.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: 4th‑floor office suite totaling 4,720 SF in Plaza Center One in downtown Iowa City; Elevator‑served suite with zero‑step entry; Layout includes a reception desk, 12 private offices, conference rooms, and a break room
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