Iowa City, IA Restaurants for Rent & Lease

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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Updated: Oct 14

Highway-Facing Retail Space

1067 Highway 6, Iowa City, IA 52240

$15 SF/Yr

1,485 sqft

1,485 square feet of retail space
CC2 zoning
Open entryway, office or conference area, bathrooms, and storage
Located on Highway 6 near JD Beauty Supply, DEFY Iowa City, Zoetic Coffee, and Iowa City African & Oriental Market
Built in 1986; concrete slab at grade

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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

13 S Linn Street, Iowa City, IA 52240

Contact for pricing

Bar operations occupy the main and lower levels, with residential tenants upstairs.

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Based on your search, we've compiled 19 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 11 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

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

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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Retail Endcap Space

3224 Crosspark Rd, Coralville, IA 52241

$40 SF/Yr

1.50 AC lot

C2-zoned space in a new retail building is scheduled for completion in fall 2026.

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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 11 Spaces matching your search parameters.

Bar Building with Commercial Kitchen

405 S Gilbert Street, Iowa City, IA 52240

$1,500,000

3,882 sqft

Commercially equipped venue with multiple seating areas, a stage, and a 2am liquor license.

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Restaurant with Equipped Kitchen

5 Sturgis Corner Drive, Iowa City, IA 52246

$155,000

3,200 sqft

A built-out restaurant space includes a dedicated dining area and on-site parking in Iowa City.

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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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Neighborhood Bar and Restaurant

1208 Highland Court, Iowa City, IA 52240

$440,000

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

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

113 Iowa Ave, Iowa City, IA 52240

$1,150,000

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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Three-Story Restaurant Building

1010 Martin St, Iowa City, IA 52245

$495,000

3,046 sqft

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

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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

1010 Martin St, Iowa City, IA 52245

$495,000

0.07 AC lot

The restaurant component is paired with a two-bedroom residential condo on the upper floor.

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Mixed-Use Building with Bars

13 S Linn St., Iowa City, IA 52240

$2,500,000

0.08 AC lot

Two bar spaces, a kitchen, and four occupied apartments bring food service and residential use together in one property.

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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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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 8,401 square feet of properties.

Asking lease rates for Restaurants in Iowa City start at $15 SF/Yr, average $18.50 SF/Yr, and reach $22 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 $18.50 SF/Yr is 9% below the Iowa state average of $20.29 SF/Yr.

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