Executive Office Suite with Deeded
332 S Linn St Iowa City, IA 52240
332 S Linn St, Iowa City, IA, 52240
$1,100,000
For Sale
$1,100,000
SINGLE_FAMILY - IowaCity, IA
Property Size4,064 SF
Lot Size0.10 Acres
Price / SF$270.67
Days on Market176
Property Features for 332 S Linn St
General Information
- Property type
- Residential
- Property subtype
- Office
- Zoning
- CB-5
- Standard status
- Active
- APN
- 1010387004
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 28486
Utilities
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Central Air
Building Details
- Year built
- 2000
- Flooring type
- Carpet, Tile
- Building materials
- Brick
- Roof type
- Composition
Listing Agency
Lepic-Kroeger, REALTORS
(319) 351-8811
2346 MORMON TREK BLVD SUITE #2000, Iowa City, IA
Listed by
Ryan O'leary
(319) 594-7926
Added: Jan 22 Checked: Jul 17 at 3:06 am
MLS# 202600711
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.
Executive office suite totaling 4,064 square feet, configured with a shared lobby, kitchenette, and bathrooms. The space is offered for sale as part of Linn Street Place in downtown Iowa City.
The property is located at 332 S Linn St, Iowa City, IA 52240, in a CB-5 zoning district. The purchase price includes three parking spots that are deeded with the unit.
This suite can be a practical fit for professional users seeking a downtown office arrangement with shared building amenities and dedicated, deeded parking. The shared lobby, kitchenette, and bathroom setup supports day-to-day office operations while keeping the suite presentation straightforward for tenant or buyer occupancy.
The property is located at 332 S Linn St, Iowa City, IA 52240, in a CB-5 zoning district. The purchase price includes three parking spots that are deeded with the unit.
This suite can be a practical fit for professional users seeking a downtown office arrangement with shared building amenities and dedicated, deeded parking. The shared lobby, kitchenette, and bathroom setup supports day-to-day office operations while keeping the suite presentation straightforward for tenant or buyer occupancy.
Key Highlights
- Executive office suites in downtown Iowa City at Linn Street Place
- 4,064 SF office space with shared lobby, kitchenette, and bathrooms
- Brick construction with carpet and tile flooring
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 | $73.2k | $18.00 |
| − Vacancy | −$11.0k | −$2.70 |
| EGI | $62.2k | $15.30 |
| − OpEx | −$15.5k | −$3.82 |
| NOI | $46.6k | $11.48 |
4,064 SF · lease $18.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$666.2K
$582.9K – $777.2K
NOI $46,634 @ 7.0% cap · market cap 4.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$882.8K
$772.5K – $1.03M
NOI $61,799 @ 7.0% cap · market cap 5.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
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Counselor
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FAQs
What type of property is this?
Office units - Executive office suite with shared lobby, kitchenette, and bathrooms, plus three deeded parking spaces included.
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 in downtown Iowa City at Linn Street Place; 4,064 SF office space with shared lobby, kitchenette, and bathrooms; Brick construction with carpet and tile flooring
