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Retail Space
For Lease
$8 SF/Yr

702 S Gilbert Unit 109, Iowa City, IA 52240

The flexible layout can support retail, office, medical office, or other professional uses.

Space Size1,500 SF
Days on Market19

Property Features for 702 S Gilbert Unit 109

General Information

Standard status Active
Size 1,500 SF
Net Rentable 1,500 SF
Lease Type NNN
Lease Term []

Space & Availability

Available Space 1,500 SF
Contiguous Space 1,500 SF
Space Use Office
Sublease No

Lease Terms

Lease Rate $8 /USD/SF/YR
Total Rate $1,750
Monthly Rent $1,000
Rent per SF/Year $8

Amenities

parking available
flexible layout

Building Details

Year Built 1993
Listing Agency: Lepic-Kroeger,REALTORS
Listed By: Zach Hammes
Source: Cbhrealty
Added: Sep 26 Changed: Oct 13 Last Checked: Oct 12 at 8:02PM

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.

This 1,500-square-foot commercial suite is available for lease and offers a layout suited to retail, office, medical office, or other professional uses. The building dates to 1993, and parking is available for occupants and visitors.

At 702 S Gilbert, Unit 109, the space is in the Downtown Iowa City area.

Key Highlights

  • 1,500‑square‑foot commercial suite
  • Layout can accommodate retail, office, medical office, and other professional uses
  • Parking available

Property Analytics

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Current Use

Musician's Pro Shop ... (Bike/Boat/Book/etc) Store Cronk & Waterman, PLC Law Firm Gumby's Pizza Restaurant Salon LaDiDa Hair Salon Jackson Medical Supply Medical Supply Store

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Butcher Furniture & Home Goods Nursing Home Storage Facility Clothing & Fashion Store

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

NNN (Triple Net)
Lease Type
$1.20 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,980
Businesses Nearby
83k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 40% Shops & Services 30% Hotels & Casinos 29% Home Improvements & Furnishings 1%
Kum & Go Shops & Services
16,225 visits/mo 0.4 miles
Starbucks Dining
14,510 visits/mo 0.5 miles
Hilton Garden Inn Hotels & Casinos
11,525 visits/mo 0.4 miles
Burger King Dining
8,707 visits/mo 0.5 miles
Hyatt Place Hotels & Casinos
6,593 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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Iowa City, IA

$21.72 /SF/Yr
Avg Asking Price
$8–$38.84 /SF/Yr
Price Range
2,784 SF
Avg Space Size

This space is priced 63% below the average of $21.72 /SF/Yr.

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - The flexible layout can support retail, office, medical office, or other professional uses.
Where is this retail space located?
The property is located at 702 S Gilbert Unit 109 Iowa City, IA.
What is the lease rate?
The lease rate is $8 SF/Yr.
What are key features of this property?
This property features: 1,500‑square‑foot commercial suite; Layout can accommodate retail, office, medical office, and other professional uses; Parking available
More about this property
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