Building Details

Year built 1900

Flooring type Concrete

Building materials Brick

Roof type Tar/Gravel

Listing Agency: Robertson Real Estate Inc j**@robertson-re.com Show Phone

Listed By: Jay Robertson Show Phone

Added: Mar 23 Changed: Aug 4 Last Checked: Aug 17 at 11:06AM

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MLS# 202601911

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 mixed-use property at 205 and 207 Main Street includes two commercial storefronts leased to a restaurant and two one-bedroom apartments on the upper level. Both apartments are occupied. Each building also provides a full basement, adding substantial supporting space to the commercial and residential components.

The property is situated in downtown Columbus Junction with rear alley access serving the buildings. Brick construction, concrete flooring, natural-gas heating, central air, and tar-and-gravel roofing are among the existing improvements. The buildings were constructed in 1900 and are zoned Commercial.

Key Highlights

• Two storefronts currently leased to a restaurant
• Two occupied 1‑bedroom apartments above the storefronts
• Full basement included with each building

Property Analytics

Property Profile

Current Use

Conventional restaurants

Suggested Use

Top Pick Big Box & Wholesale Store Bakery Building Supply Real Estate Agency Barber Shop Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

163

Businesses Nearby

Explore this area Business Placement

Demographics for 52738, IA

3,404

Population

1,387

Households

2.5

Avg Household Size

40

Median Age

21%

College-Educated

80%

High-School Grad

122.5 sq mi

ZIP Area

28

Density / Sq Mi

$83,953

Median Household Income

$40,516

Median Earnings

$635

Median Rent

$135,900

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Two leased storefronts and two occupied apartments combine retail and residential space in one commercial property.

Where is this mixed-use property located?

The property is located at 207 Main St. Columbus Junction, IA.

What is the asking price?

The asking price for this property is $140,000.

What are key features of this property?

This property features: Two storefronts currently leased to a restaurant; Two occupied 1‑bedroom apartments above the storefronts; Full basement included with each building