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    Iowa City, IA Restaurants for Sale

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    11 properties
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    Mixed-Use Property with Restaurant
    Updated: May 1
    Mixed-Use Property with Restaurant

    1010 Martin St, Iowa City, IA 52245

    $495,000
    0.07 AC lot
    Restaurant space includes a commercial kitchen, bar and dining areas, mezzanine, and wraparound outdoor patio
    Three‑story building constructed in 2014
    Third‑floor condo has 2 bedrooms, 2 bathrooms, and park views
    Second‑floor prep and storage areas plus office
    0.0699‑acre site with OPD5 zoning
    View details
    Mixed-Use Building with Bars
    Updated: Oct 9
    Mixed-Use Building with Bars

    13 S Linn St., Iowa City, IA 52240

    $2,500,000
    0.08 AC lot
    Two bar spaces, located on the main and lower levels
    Fully equipped kitchen
    Four occupied apartments on the upper floor
    Commercial tenants are in year 4 of a 10‑year lease
    0.08‑acre site
    View details
    Bar Building with Commercial Kitchen
    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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    See hot listings in Iowa City

    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

    Cap Rate available after sign in
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    Restaurant with Equipped Kitchen
    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
    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
    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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    Realmo Analytics Monitor Off-market properties and contact owners who are ready to sell. Many signals applied to make quality leads for you. Get Leads
    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

    $1,150,000
    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
    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
    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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    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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    Based on your search, we've compiled 21 Potential Opportunities for your consideration. Besides 11 Active listings in Iowa City, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 2 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

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

    Konomi Japanese Restaurant and Condo
    Konomi Japanese Restaurant and Condo

    843 Quarry Road 140, Coralville, IA 52241

    $1,800,000
    5,150 sqft

    Restaurant and commercial condo package includes Konomi Japanese Restaurant with full kitchen, dining room, and off-street parking.

    View details
    Restaurant Property with Hibachi Tables
    Restaurant Property with Hibachi Tables

    843 Quarry Rd, Coralville, IA 52241

    $1,800,000
    0.12 AC lot

    The offering combines an operating dining business, its commercial condominium, and existing kitchen and dining equipment.

    View details
    Drive-Through Restaurant Business Sale
    Drive-Through Restaurant Business Sale

    101 Windflower Ln, Solon, IA 52333

    $75,000
    1,517 sqft

    Restaurant business and equipment for sale with a drive-through window, offered as a lease-assumption business opportunity.

    View details
    Drive-Through Restaurant Business
    Drive-Through Restaurant Business

    101 Windflower Ln, Solon, IA 52333

    $75,000
    0.03 AC lot

    The business sale includes restaurant equipment and requires the buyer to assume the existing lease.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Commercial Land with Highway Visibility
    Commercial Land with Highway Visibility

    Iowa City, IA 52240

    $549,000
    1.81 AC lot

    The site offers exposure along US 218 in the South Iowa City area.

    View details
    Commercial Land Near Menards
    Commercial Land Near Menards

    Lot Lot 8 Naples Ave, Iowa City, IA 52240

    $489,000
    1.56 AC lot

    The site offers exposure along US #218 in South Iowa City.

    View details
    Commercial Land with Highway Visibility
    Commercial Land with Highway Visibility

    Lot Lot 11 Naples Ave, Iowa City, IA 52240

    $455,000
    1.19 AC lot

    CC-2 zoning and phone availability support commercial site planning.

    View details
    Commercial Land with US 218 Exposure
    Commercial Land with US 218 Exposure

    Lot 10 Naples Ave, Iowa City, IA 52240

    $589,000
    1.56 AC lot

    CC-2-zoned site near Menards and a convenience store, with phone service available.

    View details

    Off-Market Properties in Iowa City, IA

    Consider similar Off-Market properties in Iowa City, IA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    4919 Walleye Dr Se Ste A
    BAR, TAVERN

    4919 Walleye Dr Se Ste A, Iowa City, IA 52240-8306

    Estimated value:
    $930,000
    4,696 sqft 0.10 AC lot
    View details
    118 Clinton St
    Restaurants

    118 Clinton St, Iowa City, IA 52240

    Estimated value: by Request
    22,000 sqft
    View details

    Iowa City, IA Restaurants Market Trends and Statistics

    Explore 13 restaurants for sale in Iowa City, IA, showcased through 11 active listings on our real estate platform. These investment opportunities span a total of 37,014 square feet of properties for sale, with an estimated market value of $9,360,000.

    Sale prices for restaurant properties in Iowa City, IA start at $125,000, averaging $1,040,000, and reaching up to $2,500,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Conventional restaurants 9
    Bars & Pubs 6
    Commercial kitchens 3
    Drive through restaurants 2
    Coffee shops 1

    Demographics Overview

    Population 108K
    Population Growth (5Y) +35.7%
    Median Household Income $62,209
    College Educated 50.5%

    High-Yield Neighborhoods for Investment

    Identify Iowa City submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    52245 $515K
    52240 $1.2M

    Taxes & Financing

    Tax Rate (average for all types) 3.25%
    Property Tax per SF $18.14 per SF
    Tax Rate vs County Average 0.17 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Johnson County

    New Delisted

    Total CRE Inventory on Market (SF)

    How Realmo verifies these figures

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