Sale Price $2,200,000 - MLS: 202502890
Fully Leased Mixed-Use Investment | 13 Units | Prime Location Outstanding opportunity to acquire a turnkey mixed-use investment property offering a diversified income stream and 100% occupancy. This well-positioned asset features 4 street-level commercial units and 9 residential apartments, including 8 second-floor units and 1 ADA-compliant first-floor unit. The commercial spaces are leased to long-term tenants with solid operating histories, ensuring dependable cash flow. The residential units are fully leased and well-maintained, with strong rental demand and minimal vacancy history. Investment Highlights: • 13 total units (4 commercial / 9 residential) • Fully occupied – immediate, reliable income • 8 residential units upstairs, 1 ADA unit on main level • High-traffic area with strong visibility and access • Professional management in place • Diverse tenant mix reduces risk exposure • Excellent 1031 exchange candidate Detailed financials and rent roll available upon request.
MLS #: 202502890
Sale Price: $2,200,000
Year Built: 1994
Sq Ft: 15790.0
Business: Office Building, Other
Construction: Brick
Floor Type: Concrete Slab Grade, Carpet, Ceramic Tile, Vinyl, Other
Financing:
Utilities: Cable Available, Electricity Available, Natural Gas Available, Septic, Sewer Available, Phone Available, Underground Utilities, City Water
Acreage: 0.68
Lot: 180 x 165
Frontage: County Road
Energy Generation:
Heat/Cooling: Natural Gas, Central Air
Information deemed reliable but not guaranteed
 | Edge Realty Group 319-351-3355 |
Listing Office: Urban Acres Real Estate Corridor - Agent: Craig Kuepker - Information furnished by Iowa City Area Association of Realtors