Demisable Downtown Office
2 S Linn St Iowa City, IA 52240
2 S Linn St, Iowa City, IA, 52240
$572,000
For Sale
$572,000
Office space originally built at 3,907 SF, demising into a 1,664 SF suite and 2,243 SF suite option.
Property Size2,243 SF
Price / SF$255.02
Days on Market412
Property Features for 2 S Linn St
General Information
- Standard status
- Active
- Size
- 2,243 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2000
Listing agency
Edge Realty Group, Inc
(319) 270-6253
Listed by
Tatiana McClinton
(319) 270-6253
Source
Pinnaclerealtyia
Added: Jun 6, 2025 Updated: Jul 20 at 7:29PM Checked: Jul 22 at 3:05AM
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 Edge Realty Group, Inc
Investment Insights
Based on property information with market context.
This for-sale downtown office property offers a flexible floor plate originally totaling 3,907 SF, with the ability to be demised into separate suites. One configuration provides a 1,664 SF suite, and another option provides a 2,243 SF suite, supporting a range of professional and service-oriented uses such as spa or nail salon, as referenced in the remarks. Floor plans are available in the associated documents.
Designated parking spaces are included in the attached ramp, and city parking is located directly in front of the building. The property is across the street from the University of Iowa Botany, Physics & Brain Sciences Building and is described as within walking distance of campus, shopping, dining, and entertainment, with noted signage opportunities.
With its demisable layout and included parking, the asset can serve as either a standalone suite or part of a larger split arrangement, depending on tenant or buyer requirements.
Designated parking spaces are included in the attached ramp, and city parking is located directly in front of the building. The property is across the street from the University of Iowa Botany, Physics & Brain Sciences Building and is described as within walking distance of campus, shopping, dining, and entertainment, with noted signage opportunities.
With its demisable layout and included parking, the asset can serve as either a standalone suite or part of a larger split arrangement, depending on tenant or buyer requirements.
Key Highlights
- Office building originally built at 3,907 SF with demising options into a 1,664 SF suite and a 2,243 SF suite
- Designated parking spaces in the attached ramp included in the sale, with City parking directly in front of the building
- County road frontage with paved road access
Local Financial Insights For Office B
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 | $40.4k | $18.00 |
| − Vacancy | −$6.1k | −$2.70 |
| EGI | $34.3k | $15.30 |
| − OpEx | −$8.6k | −$3.82 |
| NOI | $25.7k | $11.48 |
2,243 SF · lease $18.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$367.7K
$321.7K – $429.0K
NOI $25,738 @ 7.0% cap · market cap 4.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$487.3K
$426.4K – $568.5K
NOI $34,108 @ 7.0% cap · market cap 5.96%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
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FAQs
What type of property is this?
Office units - Office space originally built at 3,907 SF, demising into a 1,664 SF suite and 2,243 SF suite option.
Where is this office units located?
The property is located at 2 S Linn St Iowa City, IA.
What is the asking price?
The asking price for this property is $572,000.
What are key features of this property?
This property features: Office building originally built at 3,907 SF with demising options into a 1,664 SF suite and a 2,243 SF suite; Designated parking spaces in the attached ramp included in the sale, with City parking directly in front of the building; County road frontage with paved road access
