Downtown Office Suite in Plaza Center
125 S Dubuque St Iowa City, IA 52240
125 S Dubuque St, Iowa City, IA, 52240
$670,000
For Sale
$670,000
COMMERCIAL - IowaCity, IA
Property Size3,480 SF
Lot Size0.41 Acres
Price / SF$192.53
Days on Market526
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
- 19732
Utilities
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1977
- Flooring type
- Carpet
- Building materials
- Brick, Frame
- Roof type
- Tar/Gravel
Listing Agency
Lepic-Kroeger, REALTORS
(319) 351-8811
2346 MORMON TREK BLVD SUITE #2000, Iowa City, IA
Listed by
Jeff Edberg · License #IA B33730000
(319) 331-6187
Added: Feb 6, 2025 Checked: Jul 17 at 3:06 am
MLS# 202500921
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.
This for-sale office suite totals 3,480 square feet on the 4th floor of Plaza Center One. The elevator-served space is largely open and includes conference, storage, office, and kitchen areas. The suite is available immediately and the stated size includes the pro-rata portion of the common area assigned to it.
Plaza Center One is located in downtown Iowa City in the area described as the heart of the Ped Mall. Building access includes a lobby that is open 7-5, Monday through Friday for the public, with card key access available at any time. The suite benefits from its position within a managed office building with shared common space.
For an owner-user, the current leasing arrangement leaves 1,740 square feet available within the suite, offering room to occupy part of the space while supporting a flexible workplace setup. For an investor, the asset structure includes a currently leased portion and a defined owner-user footprint. CAM charges are stated to include all utilities for the suite, which can simplify operating expense planning. Zoning is listed as CB10.
Plaza Center One is located in downtown Iowa City in the area described as the heart of the Ped Mall. Building access includes a lobby that is open 7-5, Monday through Friday for the public, with card key access available at any time. The suite benefits from its position within a managed office building with shared common space.
For an owner-user, the current leasing arrangement leaves 1,740 square feet available within the suite, offering room to occupy part of the space while supporting a flexible workplace setup. For an investor, the asset structure includes a currently leased portion and a defined owner-user footprint. CAM charges are stated to include all utilities for the suite, which can simplify operating expense planning. Zoning is listed as CB10.
Key Highlights
- 3,480 SF suite on the 4th floor of Plaza Center One in downtown Iowa City
- Half the suite is leased; 1,740 SF remains for an owner‑user
- Elevator‑served layout with largely open area plus conference, storage, office, and kitchen areas
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 | $62.6k | $18.00 |
| − Vacancy | −$9.4k | −$2.70 |
| EGI | $53.2k | $15.30 |
| − OpEx | −$13.3k | −$3.82 |
| NOI | $39.9k | $11.48 |
3,480 SF · lease $18.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$570.5K
$499.2K – $665.6K
NOI $39,933 @ 7.0% cap · market cap 5.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$756.0K
$661.5K – $882.0K
NOI $52,918 @ 7.0% cap · market cap 7.90%
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
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - 4th-floor suite with largely open layout plus conference, office, storage, and kitchen areas 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 $670,000.
What are key features of this property?
This property features: 3,480 SF suite on the 4th floor of Plaza Center One in downtown Iowa City; Half the suite is leased; 1,740 SF remains for an owner‑user; Elevator‑served layout with largely open area plus conference, storage, office, and kitchen areas
