Elevator-Served Office
New
For Sale
$604,500
125 S Dubuque St, Iowa City, IA 52240
Commercial Sale, Iowa City, IA
Property Size3,100 SF
Lot Size0.41 Acres
Price / SF$195
Days on Market2
Property Features for 125 S Dubuque St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CB10
Interior features
Elevator, Zero-Step Entry
Accessibility
Accessible Elevator Installed
Directions
Directly off of the Ped Mall in downtown Iowa City. Convenient parking in the Graduate ramp.
Subdivision
Iowa City
Standard status
Active
APN
1010386004
Lot size
0.41 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
22289
Utilities
Utilities
Phone Available
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Building Details
Year built
1977
Flooring type
Tile - Ceramic, Carpet, Vinyl
Building materials
Brick, Frame
Listing Agency:
Lepic-Kroeger, REALTORS
(319) 351-8811
Listed By:
Jeff Edberg
(319) 331-6187
Added: Oct 20
Last Checked: Oct 21 at 2:06AM
MLS# 202606174
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.
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Investment Insights
Based on property information with market context.
Suite B is a 3,100-square-foot office on the fourth floor of Plaza Centre One at 125 S Dubuque St in Iowa City. An elevator serves the suite, which has a largely open work area, one private office, three cubicles, a full-size kitchen and a storage room. The building dates to 1977, and the property is zoned CB10.
Part of the suite is occupied by a short-term tenant, with owner occupancy possible by the end of November. The public may enter the first-floor lobby from 7 a.m. to 5 p.m. Monday through Friday; card-key entry is available at any time.
Part of the suite is occupied by a short-term tenant, with owner occupancy possible by the end of November. The public may enter the first-floor lobby from 7 a.m. to 5 p.m. Monday through Friday; card-key entry is available at any time.
Key Highlights
- 3,100 SF office suite on the fourth floor of Plaza Centre One
- Open work area, private office and 3 cubicles
- Full‑size kitchen and separate storage room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,573
Cap Rate
5.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$711,460
$711.5K
Cap Rate 7%
$508,186
$508.2K
Cap Rate 9%
$395,256
$395.3K
Market Conditions
NOI Build-Up for 3,100 SF
Gross rent
$55.8K $18.00/SF
− Vacancy
−$8.4K −$2.70/SF
EGI
$47.4K $15.30/SF
− OpEx
−$11.9K −$3.82/SF
NOI
$35.6K $11.48/SF
Area
Johnson County, IA
Vacancy
15.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$711,460
Cap Rate 7%
$508,186
Cap Rate 9%
$395,256
Alternative Uses
Best Use
Office B
$508.2K
$444.7K – $592.9K
NOI $35,573 @ 7.0% cap · market cap 5.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$673.4K
$589.3K – $785.7K
NOI $47,140 @ 7.0% cap · market cap 7.80%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,614
Businesses Nearby
Explore this area
Business Placement
Demographics for 52240, IA
34,224
Population
17,035
Households
2
Avg Household Size
29
Median Age
47%
College-Educated
94%
High-School Grad
142.1 sq mi
ZIP Area
241
Density / Sq Mi
$55,189
Median Household Income
$25,508
Median Earnings
$1,065
Median Rent
$241,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - The suite combines open workspace with a private office, cubicles, a kitchen and storage.
Where is this office unit 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 $604,500.
What are key features of this property?
This property features: 3,100 SF office suite on the fourth floor of Plaza Centre One; Open work area, private office and 3 cubicles; Full‑size kitchen and separate storage room
