Downtown Office Suite
2 S Linn St Iowa City, IA 52240
2 S Linn St, Iowa City, IA, 52240
$996,000
For Sale
$996,000
Flexible office footprint can be demised into a 1,664 SF suite and a 2,243 SF suite with designated ramp parking included.
Property Size3,907 SF
Price / SF$254.93
Days on Market413
Property Features for 2 S Linn St
General Information
- Standard status
- Active
- Size
- 3,907 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2000
Listing agency
Urban Acres Real Estate Corridor
(319) 576-8327
Listed by
Juliana Corona
(319) 576-8327
Source
Pinnaclerealtyia
Added: Jun 6, 2025 Updated: Jul 22 at 5:28PM Checked: Jul 22 at 5:28PM
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 Urban Acres Real Estate Corridor
Investment Insights
Based on property information with market context.
This downtown commercial property offers a flexible office layout that starts with a 3,907 SF original footprint and can be demised into two separate suites: 1,664 SF and 2,243 SF. The building includes designated parking spaces in an attached ramp, and additional city parking is available directly in front of the property.
The location is described as being across the street from the University of Iowa Botany, Physics & Brain Sciences Building, with walking distance to campus, shopping, dining, and entertainment. The property is also noted to provide signage opportunities.
The unit is offered for sale, and it is also available for lease in a separate listing.
The location is described as being across the street from the University of Iowa Botany, Physics & Brain Sciences Building, with walking distance to campus, shopping, dining, and entertainment. The property is also noted to provide signage opportunities.
The unit is offered for sale, and it is also available for lease in a separate listing.
Key Highlights
- Original footprint is 3,907 SF and can be demised into a 1,664 SF suite and a 2,243 SF suite
- Designated parking spaces in the attached ramp included in the sale, plus City parking directly in front
- Built in 2000
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 | $70.3k | $18.00 |
| − Vacancy | −$10.5k | −$2.70 |
| EGI | $59.8k | $15.30 |
| − OpEx | −$14.9k | −$3.82 |
| NOI | $44.8k | $11.48 |
3,907 SF · lease $18.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$640.5K
$560.4K – $747.2K
NOI $44,833 @ 7.0% cap · market cap 4.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$848.7K
$742.6K – $990.2K
NOI $59,411 @ 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 - Flexible office footprint can be demised into a 1,664 SF suite and a 2,243 SF suite with designated ramp parking included.
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 $996,000.
What are key features of this property?
This property features: Original footprint is 3,907 SF and can be demised into a 1,664 SF suite and a 2,243 SF suite; Designated parking spaces in the attached ramp included in the sale, plus City parking directly in front; Built in 2000
