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Second-Floor Office Unit
For Lease
$500/Mo

209 E Washington St, Iowa City, IA 52240

CommercialLease, IowaCity, IA

Space Size204 SF
Lot Size0.00 Acres
Days on Market12

Property Features for 209 E Washington St

General Information

Property type Commercial Lease
Property subtype Other
Zoning CB10
Interior features Elevator, ZeroStepEntry
Accessibility Accessible Elevator Installed
Directions Located within the Paul Helen Building at the intersection of Washington St and Dubuque St in downtown Iowa City, north edge of the Ped Mall.
Subdivision IowaCity
Standard status Active
APN 1010377005
Lot size 0.00 Acres

Taxes and HOA fees

Tax Year 2024

Utilities

Heating system Natural Gas, Forced Air
Cooling system Central Air

Amenities

shared lobby
shared restroom
shared kitchenette

Building Details

Year built 1918
Flooring type Carpet, Tile
Building materials Brick
Listing Agency: Lepic-Kroeger, REALTORS
Listed By: Jeff Edberg · License #B33730000
Added: Aug 14 Changed: Aug 21 Last Checked: Aug 25 at 7:06PM
MLS# 202605011

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 204-square-foot office occupies the second floor of the historic Paul Helen Building, a brick property completed in 1918. The individual office is supported by a shared lobby, restroom, and kitchenette, with tile and carpet flooring throughout the space. Central air, forced-air natural gas heat, and an accessible elevator are provided.

The property is located at 209 E Washington St in downtown Iowa City, just off the Ped-Mall. Elevator service supports convenient access for employees and visitors, while zero-step entry and an accessible elevator contribute to the building’s accessibility. The office is scheduled to become available September 1, 2026, and is zoned CB10.

Key Highlights

  • 204 SF second‑floor office in the Paul Helen Building
  • Located at 209 E Washington St, just off the Ped‑Mall in downtown Iowa City
  • Elevator‑served building with accessible elevator installed and zero‑step entry

Property Analytics

Current Use

Lauri J. Lehn, ... Physician Possibilities Counseling: Rachael ... Psychotherapist Gregory L. Gullickson, ... Medical Clinic Minnesota Life Insurance ... Insurance Agency Easton Design Marketing & Advertising

Suggested Use

Top Pick Furniture & Home Goods (Bike/Boat/Book/etc) Store Pet Grooming Service Butcher Storage Facility Nail Salon

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

NNN (Triple Net)
Lease Type
$4.41 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,614
Businesses Nearby

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

Lease Benchmarks for Iowa City, IA

$20.31 /SF/Yr
Avg Asking Price
$9–$40 /SF/Yr
Price Range
3,085 SF
Avg Space Size

This space is priced 45% above the average of $20.31 /SF/Yr.

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office units - Compact downtown office with elevator access and shared lobby, restroom, and kitchenette facilities.
Where is this office units located?
The property is located at 209 E Washington St Iowa City, IA.
What is the lease rate?
The lease rate is $500/Mo.
What are key features of this property?
This property features: 204 SF second‑floor office in the Paul Helen Building; Located at 209 E Washington St, just off the Ped‑Mall in downtown Iowa City; Elevator‑served building with accessible elevator installed and zero‑step entry
More about this property
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