Sale Price $235,000 - MLS: 202605068
Well-located small NNN in Iowa City's established commercial and service corridor, with easy access and good visibility off Orchard Street. Priced at $235,000 reflecting a 7.14% cap rate on current income. Current NNN lease runs through March 2027 with a renewal option in place. Depending on how the tenancy plays out, this could work well for a service-oriented business or investor looking for a functional building in a proven Iowa City location. Building lends itself well to auto repair, light service, or similar uses. The building next door at 121 W Benton St is also available for sale. Brochure coming soon.
MLS #: 202605068
Sale Price: $235,000
Year Built: 2001
Sq Ft: 2280.0
Business: Office Building, Warehouse
Construction: Block
Floor Type: Concrete Slab Grade
Financing:
Utilities: Sewer Available, Phone Available, Underground Utilities, City Water
Acreage: 0.35
Lot: Irregular
Frontage: County Road, Paved, Highway
Energy Generation:
Heat/Cooling: Natural Gas, Central Air, Office Area Only
Information deemed reliable but not guaranteed
 | Edge Realty Group 319-351-3355 |
Listing Office: Skogman Realty Co. - Agent: Mark Lynch - Information furnished by Iowa City Area Association of Realtors