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Corner Retail Space
For Lease
$16 SF/Yr NNN

2304 1/2 Muscatine Ave, Iowa City, IA 52240

The premises are offered under an NNN lease, with an option to expand into additional space.

Space Size2,400 SF
Days on Market572

Property Features for 2304 1/2 Muscatine Ave

General Information

Standard status Active
Size 2,400 SF
Zoning Comm
Lease Type NNN

Additional Details

Corner Location Yes

Taxes and HOA fees

Annual Taxes $70,364

Building Details

Year Built 2000
Listing Agency: Keller Williams Legacy Group
Listed By: Josh Klindt
Source: Kalonarealty
Added: Apr 2, 2025 Changed: Oct 24 Last Checked: Oct 24 at 2:56PM

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 Keller Williams Legacy Group

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Investment Insights

Based on property information with market context.

Retail space on a corner lot is available under an NNN lease. The premises were built in 2000 and are zoned Comm. Additional space at 2304 1/2 Muscatine Ave may be incorporated, creating a combined unit of 2,400 leasable square feet; the tenant is to verify the area.

Traffic counts are 15,400 on Muscatine Ave and 10,900 on 1st Ave. The property is at 2304 1/2 Muscatine Ave in Iowa City, Iowa.

Key Highlights

  • Corner‑lot retail premises
  • NNN lease structure
  • Expansion option for a combined 2,400 leasable sqft unit; tenant to verify sqft

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency Law Firm Restaurant Auto Repair Shop Hair Salon Big Box & Wholesale 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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

781
Businesses Nearby
60k
Monthly Visits Nearby

Foot Traffic Nearby

Groceries 55% Shops & Services 25% Dining 21%
Hy-Vee Groceries
32,702 visits/mo 0.1 miles
Kum & Go Shops & Services
14,768 visits/mo 0.1 miles
Wendy's Dining
11,057 visits/mo 0.5 miles
Pizza Hut Dining
1,380 visits/mo 0.2 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

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

This space is priced 21% below 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 premises are offered under an NNN lease, with an option to expand into additional space.
Where is this retail space located?
The property is located at 2304 1/2 Muscatine Ave Iowa City, IA.
What is the lease rate?
The lease rate is $16 SF/Yr.
What are key features of this property?
This property features: Corner‑lot retail premises; NNN lease structure; Expansion option for a combined 2,400 leasable sqft unit; tenant to verify sqft
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