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Mixed-Use Apartment and Office Property

755 & 757 W Benton St, Iowa City, IA 52246

For Sale
$1,350,000

Two buildings combine office suites with a varied apartment mix under Mixed Use zoning.

Property Size21,823 SF
Price / SF$61.86
Days on Market18

Property Features for 755 & 757 W Benton St

General Information

Standard status Active
Size 21,823 SF
Property subtype Commercial
Zoning Mixed Use
Occupancy 100%

Units

Unit Mix 4 x 1BR, 2 x 2BR, 8 x 1BR
Multifamily Units 14

Additional Details

Tenant in Place Yes

Taxes and HOA fees

Annual Taxes $20,174

Amenities

Carpet,Vinyl
Regular
0.5
CountyRoad

Building Details

Year Built 1974
Buildings 2
Tenancy Multi
Listing Agency: Urban Acres Real Estate Corridor
Listed By: Mike Bails · License IA S39944
Source: Pinnaclerealtyia
Added: Oct 23 Changed: Nov 8 Last Checked: Nov 8 at 3:50AM

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 Urban Acres Real Estate Corridor

Rey
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Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

The property comprises two buildings with commercial and residential space. The 755 building has two office suites on the main level and four one-bedroom apartments above. The 757 building contains ten apartments: two with two bedrooms and eight with one bedroom. The commercial spaces and apartments are leased, and both commercial tenants have occupied the property long term.

The site is on W Benton St in Iowa City, within a short walk or drive of the University of Iowa Hospitals and Clinics, the law and dental schools, and Iowa sports complexes. Zoning is Mixed Use.

Key Highlights

  • Two buildings with two main‑level office suites and 14 apartments
  • 755 building: four 1‑bedroom apartments above the office suites
  • 757 building: two 2‑bedroom and eight 1‑bedroom apartments

Property Analytics

Who owns this building? See the owner, sales and loan history
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Current Use

Mixed-use properties

Suggested Use

Top Pick HVAC Service Hair Salon Nail Salon (Bike/Boat/Book/etc) Store Locksmith Carpet & Flooring 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

14
Residential units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

947
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - Two buildings combine office suites with a varied apartment mix under Mixed Use zoning.
Where is this mixed-use property located?
The property is located at 755 & 757 W Benton St Iowa City, IA.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Two buildings with two main‑level office suites and 14 apartments; 755 building: four 1‑bedroom apartments above the office suites; 757 building: two 2‑bedroom and eight 1‑bedroom apartments
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