Former Convenience Store with
955 Mormon Trek Blvd Iowa City, IA 52246
955 Mormon Trek Blvd, Iowa City, IA, 52246
$950,000
Pending
For Sale
$950,000
Pending
COMMERCIAL - IowaCity, IA
Property Size2,752 SF
Lot Size0.81 Acres
Days on Market547
Property Features for 955 Mormon Trek Blvd
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- CN1
- Interior features
- ZeroStepEntry
- Standard status
- Pending
- APN
- 1017259002-1017260001
- Lot size
- 0.81 Acres
Taxes and HOA fees
- Tax Year
- 2023
- Tax Annual Amount
- 23746
Utilities
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Central Air
Building Details
- Year built
- 1981
- Flooring type
- Tile
- Building materials
- Block, Frame
Listing agency
Lepic-Kroeger, REALTORS
(319) 351-8811
Listed by
Jeff Edberg · License #IA B33730000
(319) 331-6187
Added: Jan 20, 2025 Updated: Jun 30 at 8:15PM Checked: Jul 21 at 2:06PM
MLS# 202500564
Copyright © 2026 Iowa City Area Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale commercial building was previously operated as a convenience store and totals 2,752 SF on a 0.81-acre site. The former Kum & Go tenant has removed the underground tanks, canopy, and fuel pumps. Interior improvements include a cooler that will remain, along with fixed counters and a checkout counter, supporting a streamlined transition for a new convenience or neighborhood retail concept.
The property is located on Mormon Trek Blvd and Benton St, with the listing noting high traffic counts and signage potential. Zoned CN1 or Neighborhood Commercial, it is positioned for small-scale retail and personal service uses intended to serve the surrounding community.
From an operator’s standpoint, the existing counter and checkout setup, combined with the remaining cooler, can be a practical fit for a grab-and-go retailer or a neighborhood service retail offering consistent with CN1 allowances. The CN1 zoning supports flexibility for smaller formats, while the site’s visibility along two streets can support customer-facing businesses that benefit from walk-in and drive-by traffic.
The property is located on Mormon Trek Blvd and Benton St, with the listing noting high traffic counts and signage potential. Zoned CN1 or Neighborhood Commercial, it is positioned for small-scale retail and personal service uses intended to serve the surrounding community.
From an operator’s standpoint, the existing counter and checkout setup, combined with the remaining cooler, can be a practical fit for a grab-and-go retailer or a neighborhood service retail offering consistent with CN1 allowances. The CN1 zoning supports flexibility for smaller formats, while the site’s visibility along two streets can support customer-facing businesses that benefit from walk-in and drive-by traffic.
Key Highlights
- Commercial building totaling 2,752 SF on 0.81 acres
- High traffic location on Mormon Trek Blvd and Benton St with signage potential
- CN1/Neighborhood Commercial zoning for small scale retail, personal service, and convenience store use
Local Financial Insights For Specialty 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 | $42.6k | $15.48 |
| − Vacancy | −$3.6k | −$1.31 |
| EGI | $39.0k | $14.17 |
| − OpEx | −$9.8k | −$3.54 |
| NOI | $29.3k | $10.63 |
2,752 SF · lease $15.48/SF/yr · vacancy 8.44% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$417.9K
$365.7K – $487.6K
NOI $29,254 @ 7.0% cap · market cap 3.08%
Second Best
Retail
$372.5K
$326.0K – $434.6K
NOI $26,076 @ 7.0% cap · market cap 2.74%
Theoretical Best
Office A
$597.8K
$523.1K – $697.5K
NOI $41,848 @ 7.0% cap · market cap 4.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Kum & Go
Grocery & Convenience Store
Amazon Counter - KUM ...
Postal Service
Amazon Hub Counter ...
Postal Service
Western Union
Bank
Similar For Sale Nearby
FAQs
What type of property is this?
Grocery and convenience store - Zoned CN1 for neighborhood retail or personal services, with remaining cooler and checkout infrastructure ready for re-tenanting.
Where is this grocery and convenience store located?
The property is located at 955 Mormon Trek Blvd Iowa City, IA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Commercial building totaling 2,752 SF on 0.81 acres; High traffic location on Mormon Trek Blvd and Benton St with signage potential; CN1/Neighborhood Commercial zoning for small scale retail, personal service, and convenience store use
