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    2630 Independence Rd Iowa City, IA 52240

    Sponsored
    For Lease
    $4 SF/Yr

    Large industrial warehouse, prime Iowa City location.

    Lot size:
    350,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional industrial property, located at 2630 Independence Road in Iowa City, Iowa, offers a substantial 350,000 square feet of warehouse space. Currently, 105,000 square feet is available for lease, presenting a significant opportunity for businesses seeking ample storage and operational space. The building, constructed in 2003, sits on a generous 17.15-acre lot and boasts a 30-foot ceiling height, ideal for accommodating various industrial needs. The property features eight dock-high doors for efficient loading and unloading, ensuring smooth logistical operations. Power is provided by a robust 3-phase, 480V, 2,000 Amp system, capable of supporting high-demand equipment. The property is zoned I – Industrial, ensuring compatibility with a wide range of industrial uses. Situated in Johnson County, this warehouse benefits from a strategic location within Iowa City, offering convenient access to transportation networks and a skilled workforce. The single-tenant occupancy provides a unique opportunity for a business seeking a large, dedicated space. This property is an excellent choice for businesses requiring significant warehouse space in a prime Iowa City location. The ample lot size also offers potential for future expansion or development.

    Property Features for 2630 Independence Rd

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    350,000 SF
    Total Rate
    144375

    Building Details

    Year Built
    2003

    Unit(s) available at that property

    Space
    Available Space
    Size
    105,000 SF
    Rate per SF
    $4

    HighLights

    • 350,000 SF industrial warehouse available for lease in Iowa City, IA.
    • 105,000 SF currently available.
    • Built in 2003, situated on a 17.15‑acre lot with 30' ceiling height.
    • Eight dock‑high doors.
    • 2,000 Amp, 3‑phase, 480V power.
    • Ample trailer and auto parking.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Building Supply Wholesale Shop Auto Repair Shop Gym & Fitness Pharmacy Auto Parts Store Department Store Kitchen & Bath Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Iowa City
    County
    Johnson
    State
    Iowa
    Longitude
    -91.47537
    Latitude
    41.631131

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    FAQs

    What type of property is this?
    Distribution property - Large industrial warehouse, prime Iowa City location.
    Where is this distribution property located?
    The property is located at 2630 Independence Rd Iowa City, IA.
    What is the lease rate?
    The lease rate is $4 SF/Yr.
    What are key features of this property?
    This property features: 350,000 SF industrial warehouse available for lease in Iowa City, IA.; 105,000 SF currently available.; Built in 2003, situated on a 17.15-acre lot with 30' ceiling height.
    Request Owner's contact information
    2630 Independence Rd Iowa City, IA 52240
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2630 Independence Rd Iowa City, IA 52240
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