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Restaurant Business with FF&E

725 Mormon Trek Blvd, Iowa City, IA 52246

For Sale
$125,000

The offering includes restaurant furnishings, fixtures, and equipment, while the real estate remains outside the sale.

Property SizeContact for details
Days on Market34

Property Features for 725 Mormon Trek Blvd

General Information

Standard status Active
Property subtype Commercial
Zoning Commercial

Additional Details

Furnished Yes
Business Included Yes
Equipment Included Yes
Currently Operating Yes

Building Details

Year Built 1997
Listing Agency: Skogman Realty Co.
Listed By: Kevin Wu
Source: Kalonarealty
Added: Oct 7 Changed: Nov 9 Last Checked: Nov 9 at 3:13PM

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 Skogman Realty Co.

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Investment Insights

Based on property information with market context.

The sale covers the operating Exotic India restaurant business and the furniture, fixtures, and equipment pictured in the listing. The property itself is not included. The existing lease extends through May 31, 2029, with two additional three-year renewal options subject to its conditions. Any lease assignment requires landlord approval, and the current permitted use is an Indian restaurant.

The business is in Walden Square on Iowa City's west side, near West High School, University of Iowa sports venues, and UI Health Care's Mormon Trek Quick Care clinic.

Key Highlights

  • Operating restaurant business currently known as Exotic India
  • Sale includes the furniture, fixtures, and equipment pictured in the listing
  • Existing lease runs through May 31, 2029

Property Analytics

Current Use

Tequila Grill Iowa ... Restaurant Thai Spice Noodle ... Restaurant

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Hair Salon Spa & Massage Center Building Supply

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

Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

294
Businesses Nearby
16k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Groceries 85% Dining 7% Beauty & Spa 5% Shops & Services 4%
Fareway Groceries
13,806 visits/mo 0.1 miles
Thai Spice Dining
1,079 visits/mo 0.0 miles
Cost Cutters Beauty & Spa
783 visits/mo 0.0 miles
Kum & Go Shops & Services
577 visits/mo 0.2 miles

Demographics for 52246, IA

22,829
Population
10,627
Households
2.1
Avg Household Size
29
Median Age
67%
College-Educated
95%
High-School Grad
16.7 sq mi
ZIP Area
1,367
Density / Sq Mi
$55,088
Median Household Income
$28,598
Median Earnings
$1,049
Median Rent
$327,100
Median Home Value

Market

Properties on Market for Conventional restaurants in Johnson County

Jul
Aug
Sep
Oct

Vacancy Rate% for Retail in Midwest region

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

Frequently Asked Questions

What type of property is this?
Conventional restaurant - The offering includes restaurant furnishings, fixtures, and equipment, while the real estate remains outside the sale.
Where is this conventional restaurant located?
The property is located at 725 Mormon Trek Blvd Iowa City, IA.
What is the asking price?
The asking price for this property is $125,000.
What are key features of this property?
This property features: Operating restaurant business currently known as Exotic India; Sale includes the furniture, fixtures, and equipment pictured in the listing; Existing lease runs through May 31, 2029
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