Flex Building with Office and
For Sale
$355,000
1947 Waterfront Drive, Iowa City, IA 52240
COMMERCIAL - IowaCity, IA
Property SizeContact for details
Lot Size0.55 Acres
Days on Market51
Property Features for 1947 Waterfront Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CI1
Interior features
ZeroStepEntry
Elementary school
Longfellow
Middle school
Southeast
Directions
Gilbert Street to Waterfront
Subdivision
IowaCity
Standard status
Active
APN
1022130002 & 1022130001
Lot size
0.55 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
6062
Utilities
Heating system
Central
Cooling system
Wall Unit(s)
Building Details
Year built
1971
Flooring type
Concrete
Building materials
Block, Frame
Listing Agency:
Lepic-Kroeger, REALTORS
(319) 351-8811
Listed By:
Ryan O'leary · License #S41249
(319) 594-7926
Added: Jun 23
Changed: Aug 4
Last Checked: Aug 12 at 10:06AM
MLS# 202604014
Copyright © 2026 Iowa City Area Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale flex building offers a front office and a shop area designed for practical operations. The office features three large windows that bring natural light into the entry. The heated shop is served by two overhead doors, with an additional overhead door connecting to a storage area between the office and shop.
The property includes an oversized lot that supports substantial parking and outdoor storage. Zoning is listed as CI1.
Overall, the layout provides a clear separation between customer-facing or administrative space and warehouse/shop functions, with direct overhead-door access to the back and storage areas.
The property includes an oversized lot that supports substantial parking and outdoor storage. Zoning is listed as CI1.
Overall, the layout provides a clear separation between customer-facing or administrative space and warehouse/shop functions, with direct overhead-door access to the back and storage areas.
Key Highlights
- Front office plus heated shop area with multiple overhead doors
- Three large office windows for natural light at the entry
- Additional overhead door provides connection to a large storage area between the office and shop
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,071
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
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 Office in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- SELINA'S CREATIONS — 611 Southgate Ave, Iowa City, IA 52240
- Hy-Vee Catering — 1720 Waterfront Dr, Iowa City, IA 52240
- Firehouse Subs HWY One IC — 161 Hwy 1 W, Iowa City, IA 52246
- Wich-Uh-Waffle — 1104 S Gilbert St, Iowa City, IA 52240
Frequently Asked Questions
What type of property is this?
Flex space - Front office with large windows plus heated shop space with multiple overhead doors and outdoor storage on a parking-heavy lot.
Where is this flex space located?
The property is located at 1947 Waterfront Drive Iowa City, IA.
What is the asking price?
The asking price for this property is $355,000.
What are key features of this property?
This property features: Front office plus heated shop area with multiple overhead doors; Three large office windows for natural light at the entry; Additional overhead door provides connection to a large storage area between the office and shop
