Office Suite with Abundant
For Sale
$1,000,000
2545 N Dodge St, Iowa City, IA 52245
COMMERCIAL - IowaCity, IA
Property Size5,060 SF
Lot Size0.12 Acres
Price / SF$197.63
Days on Market93
Property Features for 2545 N Dodge St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CH1
Interior features
Elevator, ZeroStepEntry
Accessibility
Accessible Elevator Installed
Directions
North on N Dodge St from I80, east on Highlander Pl, 2nd building on the left side.
Subdivision
IowaCity
Standard status
Active
APN
0736309005
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
23662
Utilities
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Building Details
Year built
2016
Flooring type
Concrete
Building materials
Brick, Frame
Listing Agency:
Lepic-Kroeger, REALTORS
(319) 351-8811
Listed By:
Jeff Edberg · License #IA B33730000
(319) 331-6187
Added: May 4
Changed: Aug 3
Last Checked: Aug 4 at 5:06AM
MLS# 202602956
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 5,060 SF office suite is a blank slate, with duct work distributed and sprinkler heads turned down. The space is currently divided into two areas of approximately 3,450 SF and 1,610 SF, with two shared restrooms already finished. The suite offers abundant windows and ample parking for the building, plus an elevator and zero-step entry for accessible access.
The building is brick-frame and offers central air with forced-air heat using natural gas. Constructed in 2016, the space includes concrete flooring and an accessible elevator installed.
For branding and visibility, the property offers an excellent signage opportunity with roughly 10k cars per day on N Dodge. Nearby tenants include Caravel Autism Health, Cardio Diagnostics, Larew Internal Medicine, and Jimmy Johns.
The building is brick-frame and offers central air with forced-air heat using natural gas. Constructed in 2016, the space includes concrete flooring and an accessible elevator installed.
For branding and visibility, the property offers an excellent signage opportunity with roughly 10k cars per day on N Dodge. Nearby tenants include Caravel Autism Health, Cardio Diagnostics, Larew Internal Medicine, and Jimmy Johns.
Key Highlights
- 5,060 SF blank‑slate office suite with duct work distributed
- Currently divided into approx 3,450 SF and 1,610 SF
- Two shared restrooms finished
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 | $91.1k | $18.00 |
| − Vacancy | −$13.7k | −$2.70 |
| EGI | $77.4k | $15.30 |
| − OpEx | −$19.4k | −$3.82 |
| NOI | $58.1k | $11.48 |
5,060 SF · lease $18.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$829.5K
$725.8K – $967.7K
NOI $58,064 @ 7.0% cap · market cap 5.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.10M
$961.8K – $1.28M
NOI $76,944 @ 7.0% cap · market cap 7.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
Yes
Sprinkler system
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
149
Businesses Nearby
Explore this area
Business Placement
Demographics for 52245, IA
21,874
Population
10,210
Households
2.1
Avg Household Size
34
Median Age
68%
College-Educated
99%
High-School Grad
8.4 sq mi
ZIP Area
2,604
Density / Sq Mi
$75,876
Median Household Income
$30,273
Median Earnings
$1,215
Median Rent
$293,300
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Blank-slate office suite in CH1 zoning with central air, forced-air heat, and elevator access in a 2016 brick-frame building.
Where is this office units located?
The property is located at 2545 N Dodge St Iowa City, IA.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 5,060 SF blank‑slate office suite with duct work distributed; Currently divided into approx 3,450 SF and 1,610 SF; Two shared restrooms finished
