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Lower-Level Office Suite
For Lease
$1,750/Mo

506 E College St #Lower Level, Iowa City, IA 52240

Three offices, a reception area, and a kitchenette create a functional workspace layout.

Space SizeContact for details
Days on Market970

Property Features for 506 E College St #Lower Level

General Information

Standard status Active
Total Parking Spaces 4
Zoning CB-2
Lease Type Gross

Space & Availability

Floor Lower Level
Space Use Office
Condition Move-in Ready
Available From Immediate
Private Offices 3

Lease Terms

Lease Rate $1,750 /MO
Monthly Rent $1,750

Amenities

kitchenette
reception area
storage

Building Details

Year Built 1947
Listing Agency: Blank & McCune Real Estate
Listed By: Teresa Morrow · License #B35393000
Source: Kalonarealty
Added: Feb 28, 2024 Changed: Oct 24 Last Checked: Oct 24 at 3:12PM

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 Blank & McCune Real Estate

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Investment Insights

Based on property information with market context.

The lower-level office suite includes three offices, a reception area, a kitchenette, and storage. LVP flooring and carpet in the offices were recently installed, and large storefront windows bring the space to the street. The building dates to 1947.

The property is near downtown Iowa City, City of Iowa City offices, and New Pioneer Coop. Alley access is available from Van Buren Street, and the parking area accommodates four vehicles. Zoning is CB-2.

Key Highlights

  • Three offices, reception area, kitchenette, and storage
  • Recently refreshed with LVP flooring and carpet in the offices
  • Parking area accommodates 4 vehicles

Property Analytics

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Current Use

Blank & McCune Real ... Real Estate Agency Underground Fitness Gym & Fitness Center Phoebe Martin, Realtor® Real Estate Agency Lynn Weinstein, Realtor Real Estate Agency Blank and McCune, The Real ... Real Estate Agency

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Furniture & Home Goods Pet Grooming Service Butcher Storage Facility Home Appliance 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

2,533
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Iowa City, IA

$23.51 /SF/Yr
Avg Asking Price
$9–$59.5 /SF/Yr
Price Range
1,712 SF
Avg Space Size

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025

Frequently Asked Questions

What type of property is this?
Office unit - Three offices, a reception area, and a kitchenette create a functional workspace layout.
Where is this office unit located?
The property is located at 506 E College St #Lower Level Iowa City, IA.
What is the lease rate?
The lease rate is $1,750/Mo.
What are key features of this property?
This property features: Three offices, reception area, kitchenette, and storage; Recently refreshed with LVP flooring and carpet in the offices; Parking area accommodates 4 vehicles
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