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Flexible Retail Space
For Lease
$24 SF/Yr CAM $0.68 /USD/SF/YR

1029 S Riverside Dr #350, Iowa City, IA 52240

The commercial suite offers free parking and can be configured for retail, restaurant, or office use.

Space SizeContact for details
Days on Market594

Property Features for 1029 S Riverside Dr #350

General Information

Standard status Active
Zoning Commercial
Lease Type NNN

Lease Terms

Lease Rate $24 /SF/YR
Rent per SF/Year $24
CAM $0.68 /SF/YR

Site & Location

Corner Location Yes
Highway Access Yes
Road Access Yes

Additional Details

Space Use Restaurant
Second-Generation Restaurant No

Taxes and HOA fees

Annual Taxes $32,796

Amenities

free parking
Zero Step Entry

Building Details

Year Built 1952
Listing Agency: Lepic-Kroeger, REALTORS
Listed By: Ryan O'Leary · License #S41249
Source: Kalonarealty
Added: Mar 11, 2025 Changed: Oct 24 Last Checked: Oct 24 at 2:45PM

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

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Investment Insights

Based on property information with market context.

A newly delivered commercial suite is available for a retail, restaurant, or office buildout. Its flexible configuration allows the space to be tailored to one of these uses, and free parking serves the multi-use property.

The suite is at 1029 S Riverside Dr #350 in Iowa City, at the intersection of Hwy 1W and Riverside Drive. The property is zoned Commercial.

Key Highlights

  • Available for retail, restaurant, or office buildout
  • Free parking at the multi‑use property
  • Corner location at Hwy 1W and Riverside Drive

Property Analytics

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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
Yes
Paved road access
NNN (Triple Net)
Lease Type
$3.60 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,145
Businesses Nearby
205k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 56% Shops & Services 27% Office Supplies 5% Home Improvements & Furnishings 5%
McDonald's Dining
37,057 visits/mo 0.2 miles
Kum & Go Shops & Services
26,219 visits/mo 0.2 miles
Starbucks Dining
24,488 visits/mo 0.1 miles
Staples Office Supplies
11,026 visits/mo 0.2 miles
Arby's Dining
10,746 visits/mo 0.1 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
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Market

Lease Benchmarks for Iowa City, IA

$20.34 /SF/Yr
Avg Asking Price
$8–$38.84 /SF/Yr
Price Range
3,064 SF
Avg Space Size

This space is priced 18% above the average of $20.34 /SF/Yr.

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Frequently Asked Questions

What type of property is this?
Retail space - The commercial suite offers free parking and can be configured for retail, restaurant, or office use.
Where is this retail space located?
The property is located at 1029 S Riverside Dr #350 Iowa City, IA.
What is the lease rate?
The lease rate is $24 SF/Yr.
What are key features of this property?
This property features: Available for retail, restaurant, or office buildout; Free parking at the multi‑use property; Corner location at Hwy 1W and Riverside Drive
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