Iowa City, IA Restaurants for Sale

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Coralville, IA Solon, IA North Liberty, IA Tiffin, IA Hills, IA West Branch, IA Lone Tree, IA Riverside, IA

11 properties

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Updated: May 1

Mixed-Use Property with Restaurant Space

Iowa City, IA 52245

$515,000

0.07 AC lot

Three‑story brick building constructed in 2014
Commercial restaurant space with bar, dining area, mezzanine, patio, and fully equipped kitchen
Wraparound exterior patio and two‑story ceilings
Third‑floor two‑bedroom, two‑bath condominium with park views
Located on Emma Harvat Square in the 72‑acre Peninsula Neighborhood

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Updated: Feb 13

Leased Mixed-Use Building

Iowa City, IA 52240

$1,200,000

0.04 AC lot

Fully leased mixed‑use property with retail and residential components
1,900 SF of main‑floor and basement retail space
988 SF residential unit above the retail area
Retail lease runs through January 31, 2030, with three 5‑year options
One parking space behind the building

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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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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

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

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

$1,200,000

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

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

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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Peninsula Neighborhood Live/Work Property

1010 Martin St, Iowa City, IA 52245

$545,000

1,119 sqft

Live/work property with retail/office space and residential flat.

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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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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.

Japanese Restaurant and Real Estate

843 Quarry Rd, Coralville, IA 52241

$1,800,000

0.12 AC lot

Operating restaurant condominium with dining, sushi, hibachi, bar, and full commercial kitchen improvements.

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Turn-Key Restaurant with Patio

1295 Jordan St, North Liberty, IA 52317

Contact for pricing

5,661 sqft

Turn-key restaurant offers main dining space, a mezzanine, and an outdoor patio with on-site parking.

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End-Cap Drive-Through Restaurant

650 Pacha Pkwy Unit 1 & 2, North Liberty, IA 52317

Contact for pricing

Restaurant suite includes a commercial kitchen, open dining area, storage rooms, and two restrooms.

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Jethro's BBQ NNN Property

75 2nd St, Coralville, IA 52241

Contact for pricing

Recently upgraded restaurant asset with a new 15-year lease and dedicated parking.

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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 Parcel

Iowa City, IA 52240

$549,000

1.81 AC lot

Iowa City site with US #218 exposure near Menards and a convenience store.

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Commercial Land with Highway Visibility

Iowa City, IA 52240

$489,000

1.56 AC lot

1.56-acre commercial site near Menards and a convenience store, with exposure to US #218.

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Commercial Land with Highway Visibility

Iowa City, IA 52240

$589,000

1.56 AC lot

CC-2-zoned land near US 218, Menards, and a C-Store in South Iowa City.

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Commercial Land with Highway Visibility

Iowa City, IA 52240

$455,000

1.19 AC lot

CC-2-zoned commercial land with exposure to US #218 near established retail and convenience destinations.

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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.

BAR, TAVERN

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

$930,000

Estimated value

4,696 sqft 0.10 AC lot

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Restaurants

118 Clinton St, Iowa City, IA 52240

Value Estimation by Request

22,000 sqft

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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 31,051 square feet of properties for sale, with an estimated market value of $9,369,000.

Sale prices for restaurant properties in Iowa City, IA start at $125,000, averaging $1,041,000, 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

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	$525K
52240	$1.3M

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)

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