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    Iowa City, IA Restaurants for Lease

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    Retail Space with Parking
    Updated: Mar 11, 2025
    Retail Space with Parking

    Iowa City, IA 52240

    $24 SF/Yr
    1.00 AC lot
    1‑acre commercial property at the corner of Hwy 1W and Riverside Drive
    Build‑out options include retail, restaurant, or office use
    Free parking available within the multi‑use property
    Commercial zoning
    Zero‑step entry and concrete flooring
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    Restaurant with Commercial Kitchen
    Updated: Jul 14
    Restaurant with Commercial Kitchen

    405 S Gilbert Street, Iowa City, IA 52240

    $22 SF/Yr
    3,882 sqft
    3,882‑square‑foot restaurant property at 405 S Gilbert Street
    Commercial kitchen and spacious bar already in place
    Multiple dining and seating areas with a dedicated stage
    Located in downtown Iowa City’s entertainment district
    Near the University of Iowa campus
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    Freestanding Drive-Through Restaurant
    Freestanding Drive-Through Restaurant

    1926 Keokuk St, Iowa City, IA 52240

    Contact for pricing
    3,034 sqft 0.60 AC lot

    New construction includes restaurant infrastructure, exterior signage, and an established drive-thru configuration.

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    Mixed-Use Building with Two Bars
    Mixed-Use Building with Two Bars

    13 S Linn Street, Iowa City, IA 52240

    Contact for pricing

    Two licensed bar operations, a kitchen, and three occupied apartments create a vertically integrated commercial and residential layout.

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    Based on your search, we've compiled 18 Potential Opportunities for your consideration. Besides 4 Active listings in Iowa City, IA, we suggest exploring alternatives. Consider Similar 4 Spaces in Nearby Cities, and Similar 10 Properties for Sales.

    Restaurants for Lease in Nearby Cities

    Here are 4 Similar Spaces we found in Nearby Locations for your consideration.

    Restaurant-Bar Space with Walk-In Cooler
    Restaurant-Bar Space with Walk-In Cooler

    901 2nd St, Coralville, IA 52241

    $20 SF/Yr
    4,720 sqft

    Turnkey restaurant/bar space with walk-in cooler and hood, plus ample parking and a beer garden.

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    Restaurant and Retail Suite
    Restaurant and Retail Suite

    675 Pacha Parkway D, North Liberty, IA 52317

    Contact for pricing
    7,522 sqft

    Suite D offers a dedicated space for restaurant or retail use near Hwy 965 with quick access to I-380.

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    North Endcap Retail Space
    North Endcap Retail Space

    3224 Crosspark Rd, Coralville, IA 52241

    $40 SF/Yr
    1.50 AC lot

    C2-zoned space in a new strip retail building with flexible commercial use potential.

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    Endcap Restaurant with Drive-Thru
    Endcap Restaurant with Drive-Thru

    650 Pacha Parkway 1&2, North Liberty, IA 52317

    Contact for pricing
    2,463 sqft

    Endcap restaurant suite with a drive-thru, open dining area, commercial kitchen, and two restrooms.

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    Similar Spaces for Sale in Iowa City, IA

    Consider Similar Space for Sale. We found 10 Spaces matching your search parameters.

    Restaurant Business with Food Cart
    Restaurant Business with Food Cart

    213 Iowa Ave, Iowa City, IA 52240

    $125,000
    1,380 sqft

    Established restaurant operation includes transferred equipment, inventory, and a second food-cart channel subject to city approval.

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    Three-Story Restaurant Building
    Three-Story Restaurant Building

    1010 Martin St, Iowa City, IA 52245

    $515,000
    3,046 sqft

    Three-story restaurant building offered for sale, suited for food service operators needing multi-level space.

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    Neighborhood Bar and Restaurant
    Neighborhood Bar and Restaurant

    1208 Highland Court, Iowa City, IA 52240

    $465,000
    4,320 sqft

    Established neighborhood bar with current liquor license, leased games, and two newer AC units on a paved parking lot.

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    Fully Leased Mixed-Use Building
    Fully Leased Mixed-Use Building

    13 S Linn St, Iowa City, IA 52240

    $2,500,000
    10,704 sqft

    Fully leased building featuring two licensed bars with an additional kitchen and upper-level residential tenants.

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    Mixed-Use Retail and Residential
    Mixed-Use Retail and Residential

    113 Iowa Ave, Iowa City, IA 52240

    $1,200,000
    2,888 sqft

    Fully leased downtown mixed-use property with retail space and residential unit(s) above, plus one parking spot behind.

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    Freestanding Drive-Through Restaurant
    Freestanding Drive-Through Restaurant

    1926 Keokuk St, Iowa City, IA 52240

    Contact for pricing
    3,034 sqft 0.60 AC lot

    Restaurant building with drive-through infrastructure, signage, menu boards, and commercial kitchen components in an established dining corridor.

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    Mixed-Use Property with Restaurant Space
    Mixed-Use Property with Restaurant Space

    Iowa City, IA 52245

    $515,000
    0.07 AC lot

    Brick construction combines a commercial dining venue with a two-bedroom, two-bath residential condo.

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    Retail Space on Highway 1
    Retail Space on Highway 1

    521-525 Hwy 1 W, Iowa City, IA

    Contact for pricing
    4,560 sqft 0.49 AC lot

    Retail property for sale with high visibility and access.

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    Absolute NNN Restaurant Investment
    Absolute NNN Restaurant Investment

    1406 S. Gilbert Street, Iowa City, IA 52240

    $2,304,000

    A new 10-year lease provides three 5-year extension options and 2% annual increases.

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    Leased Mixed-Use Building
    Leased Mixed-Use Building

    Iowa City, IA 52240

    $1,200,000
    0.04 AC lot

    Fully leased property combining ground-floor retail with an occupied residential unit above in downtown Iowa City.

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    Iowa City, IA Restaurants Lease Rates & Market Statistics

    Explore 4 Restaurants for lease in Iowa City, IA on Realmo, a commercial real estate exchange covering the Iowa City area. The current inventory totals 6,916 square feet of properties.

    Asking lease rates for Restaurants in Iowa City start at $22 SF/Yr, average $23 SF/Yr, and reach $24 SF/Yr at the top of the market. Pricing across the market is relatively uniform, which simplifies like-for-like comparison between listings. The local average of $23 SF/Yr is 15% above the Iowa state average of $20.03 SF/Yr.

    Iowa City accounts for 50% of the 8 restaurants currently available across Johnson County, where nearby markets include Coralville and North Liberty.

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