Partially Leased Office
For Sale
$2,200,000
2937 Sierra Ct SW, Iowa City, IA 52240
Substantially sized office building with large floor plates, partially leased, and remaining second/third floor vacancy.
Property Size37,875 SF
Price / SF$58.09
Days on Market123
Property Features for 2937 Sierra Ct SW
General Information
Standard status
Active
Size
37,875 SF
Property subtype
Commercial
Zoning
CI-1
Lease Type
NNN
Taxes and HOA fees
Annual Taxes
$112,308
Amenities
ConcreteSlabGrade
Elevator
2.4
CountyRoad
Building Details
Year Built
1999
Listing Agency:
GLD Commercial Real Estate Advisors
(319) 393-0900
Listed By:
Tina Wing
(319) 270-3747
Source:
Pinnaclerealtyia
Added: May 6
Changed: Sep 4
Last Checked: Sep 5 at 4:33AM
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 GLD Commercial Real Estate Advisors
Investment Insights
Based on property information with market context.
This for-sale office investment opportunity totals 37,875 SF and is partially leased. The building benefits from large floor plates and flexible suite configurations, supporting a range of office, medical, service, or back-office uses. Current leasing includes established tenants such as University of Iowa Community HomeCare and Mass Markets, with vacancy remaining on the 2nd and 3rd floors.
The property is located at 2937 Sierra Ct SW in Iowa City, Iowa (52240). The mix of in-place income and additional leasing opportunity is a key component of the value-add positioning described in the offering materials, including a pro forma projection tied to reaching 80% occupancy.
The property is located at 2937 Sierra Ct SW in Iowa City, Iowa (52240). The mix of in-place income and additional leasing opportunity is a key component of the value-add positioning described in the offering materials, including a pro forma projection tied to reaching 80% occupancy.
Key Highlights
- 37,875 SF office building built in 1999
- Offered at $2.2 million ($58/SF)
- Partially leased to established tenants including University of Iowa Community HomeCare and Mass Markets
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
126
Businesses Nearby
Explore this area
Business Placement
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
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Substantially sized office building with large floor plates, partially leased, and remaining second/third floor vacancy.
Where is this office building located?
The property is located at 2937 Sierra Ct SW Iowa City, IA.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 37,875 SF office building built in 1999; Offered at $2.2 million ($58/SF); Partially leased to established tenants including University of Iowa Community HomeCare and Mass Markets
