Retail Opportunity on Corner
1920 Lower Muscatine Rd Iowa City, IA
1920 Lower Muscatine Rd, Iowa City, IA, 00000
Contact for pricing
For Sale
Contact for pricing
Former Deli-Mart available on a hard corner in Iowa City.
Property Size2,855 SF
Lot Size0.35 Acres
Price / SF$280.21
Days on Market239
Property Features for 1920 Lower Muscatine Rd
General Information
- Standard status
- Active
- Size
- 2,855 SF
- Lot size
- 0.35 Acres
- Property subtype
- RETAIL
Listing agency
Buyers Realty, Inc.
(515) 490-0551
Listed by
Mike Cunningham
(515) 490-0551
Source
Moodyscre
Added: Nov 24, 2025 Updated: Jul 10 at 11:37AM Checked: Jul 21 at 6:32AM
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 Buyers Realty, Inc.
Investment Insights
Based on property information with market context.
A former Deli-Mart is available for sale on the hard corner of S First Ave & Lower Muscatine Rd in Iowa City, IA. The property offers a value-add opportunity for investors through potential lease-up, or provides an owner-user with a prominent location. The site benefits from visibility on US-6, which sees approximately 30,000 vehicles per day. It is situated along a well-established retail corridor, surrounded by national tenants. Adjacent businesses include McDonald’s, Panera, Java House, Wendy’s, Earl May, Dollar Tree, Marcus Cinema Theaters, Ollie’s, Petland, JoAnn’s, and Planet Fitness. Certain restrictions apply to this location, including limitations on pizza, bakery items, fuel, tobacco, and alcohol sales. The property size is 2855 square feet.
Key Highlights
- High visibility location on the hard corner of S First Ave & Lower Muscatine Rd in Iowa City, IA.
- Located along a dominant retail corridor with many national tenants.
- High traffic count of +/- 30,000 VPD on US‑6.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $44.2k | $15.48 |
| − Vacancy | −$3.7k | −$1.31 |
| EGI | $40.5k | $14.17 |
| − OpEx | −$10.1k | −$3.54 |
| NOI | $30.3k | $10.63 |
2,855 SF · lease $15.48/SF/yr · vacancy 8.44% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$433.6K
$379.4K – $505.8K
NOI $30,349 @ 7.0% cap · market cap 3.79%
Second Best
Retail
$386.5K
$338.2K – $450.9K
NOI $27,052 @ 7.0% cap · market cap 3.38%
Theoretical Best
Office A
$620.2K
$542.7K – $723.6K
NOI $43,414 @ 7.0% cap · market cap 5.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
bp
Gas Station
Similar For Sale Nearby
Similar Off Market Nearby
- Hy-Vee — 812 s 1st ave, iowa city, ia 52245
- Hy-Vee Grocery Store — 812 S 1st Ave, Iowa City, IA 52245
FAQs
What type of property is this?
Grocery and convenience store - Former Deli-Mart available on a hard corner in Iowa City.
Where is this grocery and convenience store located?
The property is located at 1920 Lower Muscatine Rd Iowa City, IA.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: High visibility location on the hard corner of S First Ave & Lower Muscatine Rd in Iowa City, IA.; Located along a dominant retail corridor with many national tenants.; High traffic count of +/- 30,000 VPD on US‑6.
