Leased Mixed-Use
85 Sugar Creek Ln North Liberty, IA 52317
85 Sugar Creek Ln, North Liberty, IA, 52317
$2,200,000
For Sale
$2,200,000
Turnkey mixed-use building with four street-level retail units and nine apartments, all fully leased.
Property Size15,790 SF
Price / SF$139.33
Days on Market96
Property Features for 85 Sugar Creek Ln
General Information
- Standard status
- Active
- Size
- 15,790 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1994
Listing agency
Blank & McCune Real Estate
(319) 270-6253
Listed by
Tatiana McClinton
(319) 270-6253
Source
Pinnaclerealtyia
Added: Apr 18 Updated: Jul 21 at 10:15PM Checked: Jul 22 at 3:06AM
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 Blank & McCune Real Estate
Investment Insights
Based on property information with market context.
This fully leased mixed-use investment property includes four street-level commercial units and nine residential apartments. The residential component consists of eight second-floor units plus one ADA-compliant first-floor unit.
The asset is presented as fully occupied, with the commercial spaces and apartments described as leased to active tenants. The offering notes strong visibility and easy access within a high-traffic area.
As configured, the building provides a diversified income mix between street-level retail and upstairs residential living units, with a total of 13 units on the property.
The asset is presented as fully occupied, with the commercial spaces and apartments described as leased to active tenants. The offering notes strong visibility and easy access within a high-traffic area.
As configured, the building provides a diversified income mix between street-level retail and upstairs residential living units, with a total of 13 units on the property.
Key Highlights
- 13‑unit mixed‑use building built in 1994 with 100% occupancy
- 4 street‑level commercial units plus 9 residential apartments (8 second‑floor units, 1 ADA‑compliant first‑floor unit)
- Mixed‑use income with fully leased commercial and residential tenants
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 | $227.4k | $14.40 |
| − Vacancy | −$13.6k | −$0.86 |
| EGI | $213.7k | $13.54 |
| − OpEx | −$64.1k | −$4.06 |
| NOI | $149.6k | $9.48 |
15,790 SF · lease $14.40/SF/yr · vacancy 6.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.14M
$1.87M – $2.49M
NOI $149,613 @ 7.0% cap · market cap 6.80%
Second Best
Apartment 5plus
$1.93M
$1.69M – $2.25M
NOI $135,061 @ 7.0% cap · market cap 6.14%
Theoretical Best
Office A
$3.43M
$3.00M – $4.00M
NOI $240,109 @ 7.0% cap · market cap 10.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Farmers Insurance - Barton ...
Insurance Agency
Plowshare Advisors
Financial Advisor
North Liberty Community ...
High School
Halverson Photography
(Bike/Boat/Book/etc) Store
A Plus Accounting and Tax
Tax Preparation
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Turnkey mixed-use building with four street-level retail units and nine apartments, all fully leased.
Where is this mixed-use property located?
The property is located at 85 Sugar Creek Ln North Liberty, IA.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 13‑unit mixed‑use building built in 1994 with 100% occupancy; 4 street‑level commercial units plus 9 residential apartments (8 second‑floor units, 1 ADA‑compliant first‑floor unit); Mixed‑use income with fully leased commercial and residential tenants
