510 E Burlington, Iowa City, IA 52240
Two street-level commercial spaces and four apartments share dedicated parking, supporting flexible mixed-use occupancy in Iowa City.
- Added:
- Jun 4, 2026
- Days on Market:
- 29
- Last Refresh:
- Jul 1 at 4:26 am
Property Features for 510 E Burlington
General Information
- Standard status
- Active
- Size
- 5,184 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1971
Listing office Q4 Real Estate (319) 594-2525
Listing date Jun 4, 2026
Source Pinnaclerealtyia
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 Q4 Real Estate
HighLights
- Mixed‑use property in Iowa City with 2 street‑level commercial spaces and 4 apartments
- Street‑level commercial spaces are approximately 864 SF each
- Four top‑side apartments, each approximately 864 SF, with 2 bedrooms and 2 bathrooms
- Dedicated parking: 8 spaces for apartments, 3 for commercial units, plus 6 additional spaces that can be rented
- Tenants rights: 24‑hour notice required to show apartments
- Built in 1971; flooring includes carpet and vinyl; paved road frontage
Overview
Located at 510 E Burlington in Iowa City, the building sits on a heavily traveled street, supporting visibility for the street-level retail use.
For tenants and operators seeking a combined commercial and residential setup, the property offers separate commercial space at street level alongside four apartment units upstairs. The onsite parking mix is designed to serve both residents and commercial visitors, with the additional parking spaces providing an option to rent to nearby customers when available.
Local Financial Insights For Retail
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 | $74.6k | $14.40 |
| − Vacancy | −$4.5k | −$0.86 |
| EGI | $70.2k | $13.54 |
| − OpEx | −$21.1k | −$4.06 |
| NOI | $49.1k | $9.48 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Iowa City
- County
- Johnson
- State
- Iowa
- Longitude
- -91.5282307
- Latitude
- 41.6580431