Corner Retail Space with 15-Foot
For Sale
Contact for pricing
1715 Boyrum Street, Iowa City, IA 52240
Corner retail suite in a shopping center with 15-foot ceilings, suited for a range of tenant buildouts.
Property Size2,500 SF
Price / SF$1.00
Days on Market141
Property Features for 1715 Boyrum Street
General Information
Standard status
Active
Size
2,500 SF
Property subtype
Commercial
Zoning
cc-2
Lease Type
NNN
Additional Details
Clear Height
15 ft
Taxes and HOA fees
Annual Taxes
$4
Amenities
ConcreteSlabGrade
2.1 Acres
2.1
Highway
Building Details
Year Built
1984
Listing Agency:
Whitaker Marketing Group
(319) 393-0900
Listed By:
Melissa Redinbaugh
(319) 550-5114
Source:
Pinnaclerealtyia
Added: May 28
Changed: Oct 15
Last Checked: Oct 14 at 9:00PM
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 Whitaker Marketing Group
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This for-sale corner retail space is offered as a white envelope, giving the next tenant or owner the flexibility to design the interior to their specific concept. The unit features 15-foot ceilings, which can support showroom-style layouts and higher shelving needs while maintaining an open feel.
The space is located within a shopping center environment and is positioned as a corner opportunity. Public remarks indicate the surrounding mix includes grocery, auto, and tech uses, creating a practical everyday shopping setting.
For buyers and retailers, the combination of corner placement and meaningful ceiling height can support brands looking to control presentation and merchandising from the start. The white envelope condition also lends itself to tailoring finishes, layout, and buildout to the intended tenant operation, whether the focus is on retail displays, client-facing showroom areas, or product-forward shelving. This property is being offered for sale and is ready for an end user or investor to move forward with improvements aligned to their business plan.
The space is located within a shopping center environment and is positioned as a corner opportunity. Public remarks indicate the surrounding mix includes grocery, auto, and tech uses, creating a practical everyday shopping setting.
For buyers and retailers, the combination of corner placement and meaningful ceiling height can support brands looking to control presentation and merchandising from the start. The white envelope condition also lends itself to tailoring finishes, layout, and buildout to the intended tenant operation, whether the focus is on retail displays, client-facing showroom areas, or product-forward shelving. This property is being offered for sale and is ready for an end user or investor to move forward with improvements aligned to their business plan.
Key Highlights
- Corner retail suite in a shopping center
- 15‑foot ceilings for tenant buildouts
- Surrounded by grocery, auto, and tech uses (per remarks)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,688
Suggested Prices Based on Cap Rates
Cap Rate 5%
$473,760
$473.8K
Cap Rate 7%
$338,400
$338.4K
Cap Rate 9%
$263,200
$263.2K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$36.0K $14.40/SF
− Vacancy
−$2.2K −$0.86/SF
EGI
$33.8K $13.54/SF
− OpEx
−$10.2K −$4.06/SF
NOI
$23.7K $9.48/SF
Area
Johnson County, IA
Vacancy
6.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$473,760
Cap Rate 7%
$338,400
Cap Rate 9%
$263,200
Alternative Uses
Best Use
Retail
$338.4K
$296.1K – $394.8K
NOI $23,688 @ 7.0% cap · market cap 947.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$543.1K
$475.2K – $633.6K
NOI $38,016 @ 7.0% cap · market cap 1,520.64%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
15 ft
Clear height
Location Intelligence
Trade Area within ½ mile
1,071
Businesses Nearby
149k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 36%
Dining 27%
Shops & Services 23%
Home Improvements & Furnishings 8%
Hy-Vee
Groceries
48,058 visits/mo
0.2 miles
Kwik Trip
Shops & Services
25,518 visits/mo
0.3 miles
Taco Bell
Dining
16,057 visits/mo
0.4 miles
Tractor Supply Co.
Home Improvements & Furnishings
9,357 visits/mo
0.2 miles
Burger King
Dining
8,707 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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - Corner retail suite in a shopping center with 15-foot ceilings, suited for a range of tenant buildouts.
Where is this retail space located?
The property is located at 1715 Boyrum Street Iowa City, IA.
What are key features of this property?
This property features: Corner retail suite in a shopping center; 15‑foot ceilings for tenant buildouts; Surrounded by grocery, auto, and tech uses (per remarks)
