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Restaurant Space with Mezzanine
For Lease
$18 SF/Yr CAM $3.10 /USD/SF/YR

401 S Linn St, Iowa City, IA 52240

A fully equipped restaurant layout includes a bar, kitchen equipment, and a separate elevated seating area.

Space SizeContact for details
Days on Market327

Property Features for 401 S Linn St

General Information

Standard status Active
Zoning PRM
Lease Type Gross

Space & Availability

Floor 1 + Mezzanine
Space Use Restaurant
Furnished Yes

Lease Terms

Lease Rate $18 /SF/YR
Total Rate $6,154
Rent per SF/Year $18
CAM $3.10 /SF/YR

Restaurant

Commercial Hood Yes
Equipment Included Yes
Second-Generation Restaurant Yes
Walk-In Cooler/Freezer Yes

Amenities

Elevator
Zero Step Entry

Building Details

Year Built 2018
Listing Agency: Lepic-Kroeger, REALTORS
Listed By: Jeff Edberg · License #B33730000
Source: Kalonarealty
Added: Dec 2, 2025 Changed: Oct 24 Last Checked: Oct 24 at 3:18PM

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

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Investment Insights

Based on property information with market context.

Restaurant space on the first floor of the Rise and Hyatt Hotel building features high ceilings and a mezzanine with 1,083 SF of additional seating. The existing setup includes reception, booths, tables, chairs, office space, a bar, a walk-in cooler, and storage. Kitchen equipment remains, including a hood and Ansul system. The building was constructed in 2018, and the property is zoned PRM.

The space is in downtown Iowa City. The lease requires the landlord to perfect termination; the tenant is responsible for utilities.

Key Highlights

  • Mezzanine provides 1,083 SF of additional seating
  • Restaurant FF&E includes reception, booths, tables, chairs, and office space
  • Kitchen equipment includes a hood and Ansul system

Property Analytics

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Current Use

Alebrije Restaurant Restaurant

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Butcher Pet Store Pet Store & Service Furniture & Home Goods HVAC Service

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

Yes
Commercial hood
NNN (Triple Net)
Lease Type
$2.70 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,752
Businesses Nearby
121k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 53% Dining 28% Hotels & Casinos 20%
Iowa City #1 Shops & Services
19,700 visits/mo 0.5 miles
Kum & Go Shops & Services
16,225 visits/mo 0.1 miles
Starbucks Dining
14,510 visits/mo 0.1 miles
Hilton Garden Inn Hotels & Casinos
11,525 visits/mo 0.1 miles
U.S. Bank Shops & Services
9,793 visits/mo 0.3 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
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Market

Vacancy Rate% for Retail in Midwest region

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

Similar Off Market Nearby

  • River Room Café — Iowa Memorial Union, 125 N Madison St, Iowa City, IA 52242
  • Burge Market Place — Burge Residence Hall, 301 N Clinton St, Iowa City, IA 52242

Frequently Asked Questions

What type of property is this?
Conventional restaurant - A fully equipped restaurant layout includes a bar, kitchen equipment, and a separate elevated seating area.
Where is this conventional restaurant located?
The property is located at 401 S Linn St Iowa City, IA.
What is the lease rate?
The lease rate is $18 SF/Yr.
What are key features of this property?
This property features: Mezzanine provides 1,083 SF of additional seating; Restaurant FF&E includes reception, booths, tables, chairs, and office space; Kitchen equipment includes a hood and Ansul system
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