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Elevator-Served Office Suite

125 S Dubuque St Iowa City, IA 52240

Claim this Listing
For Sale
$1,085,000

COMMERCIAL - IowaCity, IA

Property size:
4,866 SF
Lot size:
0.41 Acres
Price / SF:
$222/SF
Added:
Feb 6, 2025
Days on Market:
520
Last Refresh:
Jul 11 at 11:06 am

Property Features for 125 S Dubuque St

General Information

Property type
Commercial Sale
Property subtype
Other
Zoning
CB10
Interior features
Elevator, ZeroStepEntry
Accessibility
Accessible Elevator Installed
Standard status
Active
APN
1010386004
Lot size
0.41 Acres

Taxes and HOA fees

Tax Year
2022
Tax Annual Amount
27055

Utilities

Heating system
Forced Air, Natural Gas
Cooling system
Central Air

Building Details

Year built
1977
Flooring type
Carpet
Building materials
Brick, Frame
Roof type
Tar/Gravel

Listing agent Jeff Edberg License #IA B33730000

Listing office Lepic-Kroeger, REALTORS 2346 MORMON TREK BLVD SUITE #2000, Iowa City, IA

Listing date Feb 6, 2025

MLS# 202500923

Copyright © 2026 Iowa City Area Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

Located on the 4th floor of Plaza Center One, this elevator-served office suite totals 4,866 square feet and is accessed via a first-floor lobby open 7-5, Monday through Friday for public entry. The space is largely open and includes a reception desk, six private offices, conference rooms, and a break room, along with its pro-rata portion of assigned common area. The suite is available October 2024 and may be combined with adjacent suites. For building access, card key entry is available at any time.

The offering is in downtown Iowa City at 125 S Dubuque St, within a property identified for zoning CB10. Suite ownership includes assignment of common area as noted in the total square footage. CAM charges include all utilities, supporting a true full-service approach.

This configuration fits professional teams that need a mix of collaborative space and private offices, with multiple conference areas to support internal meetings and client discussions. The elevator-served layout and reception component make the suite workable for organizations looking for a functional downtown office setting, with the option to scale by combining with neighboring suites when needed. The full-service rent for the suite is offered at $10,571.39.

Key Highlights

  • 4th‑floor office suite with 4,866 SF in Plaza Center One, downtown Iowa City on the Ped Mall
  • Elevator‑served, largely open layout with a reception desk, 6 private offices, conference rooms, and a break room
  • Accessible features include zero‑step entry and an accessible elevator installed

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 $87.6k $18.00
− Vacancy −$13.1k −$2.70
EGI $74.4k $15.30
− OpEx −$18.6k −$3.82
NOI $55.8k $11.48
4,866 SF · lease $18.00/SF/yr · vacancy 15.00% · expense 25.00%

Alternative Uses

Best Use
Office B
$797.7K
$698.0K – $930.6K (±1% cap)
NOI $55,837 @ 7.0% cap · market cap 5.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.06M
$924.9K – $1.23M (±1% cap)
NOI $73,994 @ 7.0% cap · market cap 6.82%
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 - Fourth-floor suite with reception, offices, conference rooms, and break room at Plaza Center One in downtown Iowa City.
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 $1,085,000.
What are key features of this property?
This property features: 4th‑floor office suite with 4,866 SF in Plaza Center One, downtown Iowa City on the Ped Mall; Elevator‑served, largely open layout with a reception desk, 6 private offices, conference rooms, and a break room; Accessible features include zero‑step entry and an accessible elevator installed
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