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    Iowa City, IA Retail Properties & Spaces for Sale

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    Mixed-Use Redevelopment with Parking
    Updated: May 15
    Mixed-Use Redevelopment with Parking

    1104 S Gilbert St, Iowa City, IA 52240

    $1,975,000
    14,879 sqft
    Three‑parcel mixed‑use property (commercial parcels plus leased multifamily units) with month‑to‑month leases
    Current commercial tenants include Old Screen Printers, Summer of the Arts, and Drip Couture
    Coin Shop space scheduled to be vacated in July for owner use or new tenancy
    0.77‑acre lot with 240 x 140 lot dimensions and frontage on paved county road
    Year built 1950; interior flooring includes concrete slab grade, carpet, and vinyl
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    This listing looks promising.

    Here's a quick look at some key insights for

    1104 S Gilbert St, Iowa City, IA 52240

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    • Est. Cap Rate

      7.1%
      Above avg (5.9%)

    • Est. NOI

      $141K
      Annual

    • Price @ 7% Cap

      $2.01M
      Above asking

    • Property Type

      Commercial (General)
      Built 1971
    View Property Analytics
    Leased NNN Retail Investment
    Updated: Jun 2
    Leased NNN Retail Investment

    Iowa City, IA 52240

    $4,995,000
    2.57 AC lot
    36,322 SF leased commercial property with long‑term tenants: Advanced Auto Parts and Goodwill Industries
    Advanced Auto Parts occupies an 8,086 SF suite since 1997; Goodwill occupies 28,277 SF (expanded to full space in 2021)
    NNN lease rates: $11.17 NNN (Advanced Auto) and $12.00 NNN (Goodwill); reported 7.7% capitalization rate with scheduled increases
    Central air and forced‑air natural gas heating; zero‑step entry and concrete flooring
    Shared parking lot with the building to the east provides approximately 125 parking spaces
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    Three-Parcel Commercial Site
    Three-Parcel Commercial Site

    Iowa City, IA 52240

    $1,975,000
    0.77 AC lot

    Three commercial parcels in Iowa City with leased multifamily units and retail space, plus a July vacancy for new use.

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    Renovated Multi-Tenant Retail Building
    Renovated Multi-Tenant Retail Building

    Iowa City, IA 52246

    $2,750,000
    1.01 AC lot

    Completely renovated retail building offers multiple suite sizes with a large customer and employee parking field.

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    Heated Automotive Shop with Pull-Through
    Heated Automotive Shop with Pull-Through

    1208 Gilbert Ct, Iowa City, IA 52240

    $700,000
    7,000 sqft

    Heated shop space with pull-through access, oversized overhead doors on both ends, and two garage bays plus an in-place bathroom.

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    Former Convenience Store with Cooler
    Former Convenience Store with Cooler

    Iowa City, IA 52246

    $950,000
    0.81 AC lot

    Zoned CN1 for neighborhood retail or personal services, with remaining cooler and checkout infrastructure ready for re-tenanting.

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    Retail Space on Highway 1
    Retail Space on Highway 1

    521-525 Hwy 1 W, Iowa City, IA

    $1,150,000
    4,560 sqft 0.49 AC lot

    Retail property for sale with high visibility and access.

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    Mixed-Use Building with Apartment Units
    Mixed-Use Building with Apartment Units

    510 E Burlington, Iowa City, IA 52240

    $925,000
    5,184 sqft

    Two street-level commercial spaces and four apartments share dedicated parking, supporting flexible mixed-use occupancy in Iowa City.

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    Retail Opportunity on Corner Lot
    Retail Opportunity on Corner Lot

    1920 Lower Muscatine Rd, Iowa City, IA

    $800,000
    2,855 sqft 0.35 AC lot

    Former Deli-Mart available on a hard corner in Iowa City.

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    Three-Story Restaurant Building
    Three-Story Restaurant Building

    1010 Martin Street, 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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    Renovated Retail Building
    Renovated Retail Building

    1029 S Riverside Dr, Iowa City, IA 52246

    $2,750,000
    13,640 sqft

    Completely renovated retail building offering multiple suite sizes and a large on-site parking field for customers and employees.

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    Corner Retail Space with 15-Foot Ceilings
    Corner Retail Space with 15-Foot Ceilings

    1715 Boyrum Street, Iowa City, IA 52240

    Contact for pricing
    2,500 sqft

    Corner retail suite in a shopping center with 15-foot ceilings, suited for a range of tenant buildouts.

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    Iowa City Retail Building For Sale
    Iowa City Retail Building For Sale

    1130 S Scott Blvd, Iowa City, IA 52240

    $1,400,000
    8,876 sqft 1.44 AC lot

    Fully leased retail building on Iowa City's growing east side.

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    Downtown Retail or Office Space
    Downtown Retail or Office Space

    124 E Washington St, Iowa City, IA 52240

    Contact for pricing

    Vacant commercial storefront with rear delivery access and a full basement for offices, storage, and an employee restroom.

    View details
    Based on your search, we've compiled 41 Potential Opportunities for your consideration. Besides 14 Active listings in Iowa City, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 19 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.

    24-Hour Tanning and Wellness Storefront
    24-Hour Tanning and Wellness Storefront

    405 2nd Street, Coralville, IA 52241

    $250,000
    0.02 AC lot

    Turnkey tanning and wellness operation with UV beds and 24-hour customer access cards on a high-traffic strip.

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    Self-Serve Car Wash Facility
    Self-Serve Car Wash Facility

    410 Community Dr, North Liberty, IA 52317

    $750,000
    3,958 sqft 0.61 AC lot

    Operating car wash on a 0.61-acre parcel with three touch-free bays, three self-serve bays, and vacuum stations.

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    Leased Corner Retail with Excess Land
    Leased Corner Retail with Excess Land

    744-746 Coral Ridge Ave, Coralville, IA 52241

    $2,950,000
    83,202 sqft

    Fully leased single-story retail at a corner location, paired with excess land for future development.

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    Open Retail Suite with East Entrance
    Open Retail Suite with East Entrance

    1395 Jordan St, North Liberty, IA 52317

    Contact for pricing
    1,500 sqft

    ~1,500 SF open retail space in a mixed-use building anchored by Top Shape Gym, with a dedicated east-side entrance.

    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.

    Riverfront Crossing Development Site
    Riverfront Crossing Development Site

    1020 South Gilbert Street, Iowa City, IA 52240

    $1,700,000
    0.55 AC lot

    Development site in Riverfront Crossing District near downtown and university.

    View details
    Commercial Development Land Lot
    Commercial Development Land Lot

    Iowa City, IA 52240

    $549,000
    1.81 AC lot

    Well-trafficked commercial lot with US Highway 218 visibility near established retail uses in South Iowa City.

    View details
    Commercial Land Lot for Development
    Commercial Land Lot for Development

    Iowa City, IA 52240

    $489,000
    1.56 AC lot

    A 1.56-acre commercial lot with strong US 218 visibility and nearby retail amenities in South Iowa City.

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

    Iowa City, IA 52240

    $455,000
    1.19 AC lot

    Commercial land zoned CC-2 near Menards, offering strong visibility along US 218 and nearby retail activity.

    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

    $715,000
    Estimated value
    4,696 sqft 0.10 AC lot
    View details
    4942 Oak Crst Hl SE Rd
    RETAIL STORES (PERSONAL SERVICES)

    4942 Oak Crst Hl SE Rd, Iowa City, IA 52240-8980

    $650,000
    Estimated value
    4,320 sqft 7.59 AC lot
    View details
    1306 Melrose Ave, Unit 1
    SHOPPING CENTER, STRIP CENTER

    1306 Melrose Ave, Iowa City, IA 52246-1726

    Unit 1
    Value Estimation by Request
    1,418 sqft 0.05 AC lot
    View details
    1310 Melrose Ave
    SHOPPING CENTER, STRIP CENTER

    1310 Melrose Ave, Iowa City, IA 52246-1726

    Value Estimation by Request
    3,083 sqft 0.06 AC lot
    View details
    1312 Melrose Ave
    SHOPPING CENTER, STRIP CENTER

    1312 Melrose Ave, Iowa City, IA 52246-1726

    Value Estimation by Request
    1,817 sqft 0.05 AC lot
    View details
    1304 Melrose Ave, Unit A
    SHOPPING CENTER, STRIP CENTER

    1304 Melrose Ave, Iowa City, IA 52246-1726

    Unit A
    Value Estimation by Request
    1,274 sqft 0.06 AC lot
    View details
    1308 Melrose Ave
    SHOPPING CENTER, STRIP CENTER

    1308 Melrose Ave, Iowa City, IA 52246-1726

    Value Estimation by Request
    2,560 sqft 0.06 AC lot
    View details
    1302 Melrose Ave
    SHOPPING CENTER, STRIP CENTER

    1302 Melrose Ave, Iowa City, IA 52246-1726

    Value Estimation by Request
    2,420 sqft 0.06 AC lot
    View details
    640 Ia-1
    Retail properties & Spaces

    640 Ia-1, Iowa City, IA 52246

    Value Estimation by Request
    8,414 sqft 2.04 AC lot
    View details
    118 Clinton St
    Restaurants

    118 Clinton St, Iowa City, IA 52240

    Value Estimation by Request
    22,000 sqft
    View details

    Iowa City, IA Retail Properties & Spaces Market Trends and Statistics

    Explore 33 retail properties & spaces for sale in Iowa City, IA, showcased through 14 active listings on our real estate platform. These investment opportunities span a total of 60,040 square feet of properties for sale, with an estimated market value of $10,215,000.

    Sale prices for stores in Iowa City, IA start at $515,000, averaging $1,276,875, and reaching up to $2,750,000 — 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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    Map

    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Storefront properties 15
    Auto shops 3
    Automotive properties 3
    Shopping centers 3
    Grocery and convenience stores 2

    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 $530K
    52246 $875K
    52240 $2.4M

    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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