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Retail Space with Expansion Potential
For Lease
$16 SF/Yr NNN

2304 Muscatine Ave, Iowa City, IA 52240

The corner-site offering is available on a triple-net lease, with additional space available to increase the leasable area.

Space Size2,400 SF
Days on Market573

Property Features for 2304 Muscatine Ave

General Information

Standard status Active
Size 2,400 SF
Zoning Comm
Lease Type NNN

Additional Details

Corner Location Yes

Taxes and HOA fees

Annual Taxes $70,364

Building Details

Year Built 2000
Listing Agency: Keller Williams Legacy Group
Listed By: Josh Klindt
Source: Kalonarealty
Added: Apr 1, 2025 Changed: Oct 24 Last Checked: Oct 24 at 3:38PM

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 Keller Williams Legacy Group

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Investment Insights

Based on property information with market context.

This retail space occupies a corner parcel at 2304 Muscatine Ave in Iowa City. The property was built in 2000 and is zoned Comm. A triple-net lease structure applies.

Additional area at 2304 1/2 may be combined with the space, bringing the total leasable area to 2,400 square feet; the tenant is to verify the square footage. Reported traffic counts are 15,400 on Muscatine Ave and 10,900 on 1st Ave.

Key Highlights

  • Corner parcel at 2304 Muscatine Ave
  • Potential to combine space at 2304 1/2 for 2,400 leasable square feet; tenant to verify square footage
  • Traffic count of 15,400 on Muscatine Ave

Property Analytics

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Open Analytics

Current Use

Cricket Wireless Authorized ... Mobile Phone Store

Suggested Use

Top Pick Real Estate Agency Law Firm Restaurant Auto Repair Shop Hair Salon Big Box & Wholesale Store

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

Location Intelligence

Trade Area within ½ mile

781
Businesses Nearby
60k
Monthly Visits Nearby

Foot Traffic Nearby

Groceries 55% Shops & Services 25% Dining 21%
Hy-Vee Groceries
32,702 visits/mo 0.1 miles
Kum & Go Shops & Services
14,768 visits/mo 0.1 miles
Wendy's Dining
11,057 visits/mo 0.5 miles
Pizza Hut Dining
1,380 visits/mo 0.2 miles

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Iowa City, IA

$20.34 /SF/Yr
Avg Asking Price
$8–$38.84 /SF/Yr
Price Range
3,064 SF
Avg Space Size

This space is priced 21% below the average of $20.34 /SF/Yr.

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Frequently Asked Questions

What type of property is this?
Retail space - The corner-site offering is available on a triple-net lease, with additional space available to increase the leasable area.
Where is this retail space located?
The property is located at 2304 Muscatine Ave Iowa City, IA.
What is the lease rate?
The lease rate is $16 SF/Yr.
What are key features of this property?
This property features: Corner parcel at 2304 Muscatine Ave; Potential to combine space at 2304 1/2 for 2,400 leasable square feet; tenant to verify square footage; Traffic count of 15,400 on Muscatine Ave
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