Power Center With
For Sale
Contact for pricing
1602 Sycamore St, Iowa City, IA 52240
Retail complex combining a main shopping center, strip center, and freestanding commercial buildings.
Property Size244,182 SF
Days on Market141
Property Features for 1602 Sycamore St
General Information
Standard status
Active
Size
244,182 SF
Property subtype
Retail
Occupancy
80%
Site & Location
Drive-Thru
Yes
Anchor Co-Tenants
Ollie's
Additional Details
Cap Rate
10%
Listing Agency:
Franklin Street
(954) 640-1100
Listed By:
Justin Walker · License #FL 3384090
Source:
Crexi
Added: Apr 12
Changed: Aug 30
Last Checked: Aug 30 at 10:37AM
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 Franklin Street
Investment Insights
Based on property information with market context.
The property is a 244,182 SF power center assembled across multiple retail components. The offering includes the primary shopping center, an outparcel strip center, a freestanding McDonald’s, and a drive-thru bank. The combined property occupies over 22 acres and is 80% occupied.
Located at 1602 Sycamore St in Iowa City, the center is 2-miles from the University of Iowa and University of Iowa Hospital. The tenant mix includes Ollie’s, identified as the first location for the retailer in Iowa, along with the separate restaurant and bank buildings. The listing reports a 10% CAP.
Located at 1602 Sycamore St in Iowa City, the center is 2-miles from the University of Iowa and University of Iowa Hospital. The tenant mix includes Ollie’s, identified as the first location for the retailer in Iowa, along with the separate restaurant and bank buildings. The listing reports a 10% CAP.
Key Highlights
- 244,182 SF power center on over 22 acres
- 80% occupied with a reported 10% CAP
- Includes main shopping center and outparcel strip center
Property Analytics
Current Use
Lease Details
80%
Occupancy
Location Intelligence
Trade Area within ½ mile
681
Businesses Nearby
73k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 54%
Dining 34%
Home Improvements & Furnishings 7%
Apparel 3%
Dollar Tree
Shops & Services
11,498 visits/mo
0.2 miles
Wendy's
Dining
11,057 visits/mo
0.4 miles
Jo-Ann Fabric and Craft
Shops & Services
10,925 visits/mo
0.1 miles
Panera Bread
Dining
10,808 visits/mo
0.1 miles
Iowa City #3
Shops & Services
8,957 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
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Iowa City Marketplace — 1660 Sycamore St, Iowa City, IA 52240
- Eastdale Plaza — 1700 S 1st Ave STE 24, Iowa City, IA 52240
Frequently Asked Questions
What type of property is this?
Shopping center - Retail complex combining a main shopping center, strip center, and freestanding commercial buildings.
Where is this shopping center located?
The property is located at 1602 Sycamore St Iowa City, IA.
What are key features of this property?
This property features: 244,182 SF power center on over 22 acres; 80% occupied with a reported 10% CAP; Includes main shopping center and outparcel strip center
