Downtown Executive Office
332 S Linn St Iowa City, IA 52240
New
332 S Linn St, Iowa City, IA, 52240
$1,100,000
For Sale
$1,100,000
Executive office suites with shared lobby, kitchenette, and bathrooms, plus deeded parking included with the unit.
Property Size4,139 SF
Price / SF$265.76
Days on Market2
Property Features for 332 S Linn St
General Information
- Standard status
- Active
- Size
- 4,139 SF
Building Details
- Year Built
- 2000
Listing agency
Lepic-Kroeger, REALTORS
(319) 594-7926
Listed by
Ryan O'Leary · License #S41249
Source
Kwlegacyrealty
Added: Jul 21 Updated: Jul 22 at 1:13AM Checked: Jul 22 at 4:51AM
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 Lepic-Kroeger, REALTORS
Investment Insights
Based on property information with market context.
Executive office suites located in downtown Iowa City at Linn Street Place. The space includes a shared lobby, kitchenette, and bathrooms, designed to support a professional office environment. The purchase price includes three parking spots that are deeded with the unit.
The building is located at 332 S Linn St in Iowa City, IA 52240 and offers parking included as part of the ownership package.
The suite totals 4,064 square feet, providing dedicated office space within a shared amenity layout.
The building is located at 332 S Linn St in Iowa City, IA 52240 and offers parking included as part of the ownership package.
The suite totals 4,064 square feet, providing dedicated office space within a shared amenity layout.
Key Highlights
- Executive office suites located in downtown Iowa City at Linn Street Place
- 4,064 SF office space with shared lobby, kitchenette, and bathrooms
- Purchase price includes 3 deeded parking spots with the unit
Local 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 | $74.5k | $18.00 |
| − Vacancy | −$11.2k | −$2.70 |
| EGI | $63.3k | $15.30 |
| − OpEx | −$15.8k | −$3.82 |
| NOI | $47.5k | $11.48 |
4,139 SF · lease $18.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$678.5K
$593.7K – $791.6K
NOI $47,495 @ 7.0% cap · market cap 4.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$899.1K
$786.7K – $1.05M
NOI $62,939 @ 7.0% cap · market cap 5.72%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Counseling and Life Management
Counselor
Lash Out Iowa ...
Hair Salon
Dreamfield Capital
Venture Capital Company
New Media Web ...
Marketing & Advertising
Trade in Cool
Marketing & Advertising
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FAQs
What type of property is this?
Office units - Executive office suites with shared lobby, kitchenette, and bathrooms, plus deeded parking included with the unit.
Where is this office units located?
The property is located at 332 S Linn St Iowa City, IA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Executive office suites located in downtown Iowa City at Linn Street Place; 4,064 SF office space with shared lobby, kitchenette, and bathrooms; Purchase price includes 3 deeded parking spots with the unit
