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Brand-New Corner Retail Space
For Lease
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1029 S Riverside Dr, Iowa City, IA 52240

New corner space with plenty of free parking, built-to-suit for retail, restaurant, or office use.

Space SizeContact for details
Days on Market23

Property Features for 1029 S Riverside Dr

General Information

Standard status Active
Lease Type NNN

Additional Details

Highway Access Yes

Building Details

Year Built 1952
Listing Agency: Lepic-Kroeger, REALTORS
Listed By: Ryan O'Leary · License #S41249
Source: Kwlegacyrealty
Added: Jul 21 Changed: Jul 22 Last Checked: Aug 11 at 10:10AM

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 Lepic-Kroeger, REALTORS

Investment Insights

Based on property information with market context.

Brand new retail space in a multi-use configuration at the corner of one of the busiest intersections in Iowa City (Hwy 1W and Riverside Drive). The space includes ample free parking for patrons and visitors. Layout flexibility allows for build-out for retail, restaurant, or office uses, making it adaptable to a range of commercial concepts.

The property is positioned at a high-visibility, signalized intersection with easy access from the surrounding road network. Rent is quoted on a base rent plus NNN structure, with insurance, taxes, and CAMS also identified in the terms provided (Base rent: $24/SF NNN; Insurance: $0.83/SF + Taxes: $2.91/SF + CAMS: $0.68/SF).

Key Highlights

  • Corner space at Hwy 1W and Riverside Drive in Iowa City
  • Free parking available on‑site for this multi‑use space
  • Built‑to‑suit for retail, restaurant, or office use

Property Analytics

Current Use

T-Mobile Mobile Phone Store Hertz - Uber Iowa ... Car Rental Facility Thrifty Car Rental ... Car Rental Facility Walgreens Community Pharmacy Medical Clinic Hertz Car Rental ... Car Rental Facility

Suggested Use

Top Pick Big Box & Wholesale Store Storage Facility HVAC Service Building Supply Garden Center (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

358
Businesses Nearby
352
Monthly Visits Nearby

Foot Traffic Nearby

Home Improvements & Furnishings 100%
Diamond Vogel Home Improvements & Furnishings
352 visits/mo 0.5 miles

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

Market

Lease Benchmarks for Iowa City, IA

$22.6 /SF/Yr
Avg Asking Price
$10.72–$35.07 /SF/Yr
Price Range
6,858 SF
Avg Space Size

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - New corner space with plenty of free parking, built-to-suit for retail, restaurant, or office use.
Where is this retail space located?
The property is located at 1029 S Riverside Dr Iowa City, IA.
What are key features of this property?
This property features: Corner space at Hwy 1W and Riverside Drive in Iowa City; Free parking available on‑site for this multi‑use space; Built‑to‑suit for retail, restaurant, or office use
More about this property
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