213 Iowa Ave, IowaCity, IA 52240
Johnson County
Key Facts
Description
George's Best Gyros is for sale! (Ped Mall food cart and brick & mortar restaurant at 213 Iowa Ave) Established in 1984 as a food cart, George's Gyros has become a staple of Iowa City's downtown nightlife for over 40 years. Enormous profit potential for a hands on entrepreneur that wants to embark in the downtown Iowa City fast food / late night food business or a seasoned operator already in the business. The restaurant is located between two popular college bars and across from the University of Iowa campus. Additional income in local festivals, private parties, tailgates, etc. Gross rent at 213 Iowa Ave, Iowa City is $2882 / month with options to renew. City Plaza cart permit subject to city approval. 213 Iowa Ave lease assignment / sublease is subject to Landlord approval. Great profit margin potential / low food costs. Perfect for a hands on owner operator. Equipment & inventory transfers to buyer. Sale is for business only. No real estate is included. Owner is a licensed Realtor in Iowa. Hood Vent and Coolers at restaurant are property of landlord, but maintained by tenant. Additional storage space in basement at 213 Iowa Ave.
Property Information
Property Type
Commercial Sale
Sub-Type
Business
Year Built
1900
Lot Size
1,380 sq ft
Lot Dimensions
20 x 150
Zoning
CB10
MLS® Listing#
202600882
Property Features
- Cooling:
- Wall Unit(s)
- Heating:
- Electric, Baseboard
- Flooring:
- Ceramic Tile
- Construction:
- Brick
- Roof:
- Other
- Utilities:
- Electricity Available, Natural Gas Available, Sewer Available, Phone Available
- Water Source:
- Public
HOA & Tax
- Parcel #:
- NA
Directions
Iowa Ave. Downtown Iowa City.
Affordability Calculator
$27,000
Estimated monthly payment
$719/mo
Principal $108,000 · Est. interest $150,670 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in IowaCity, IA
- $361,345
- Median Listing Price
- 70
- Median Days on Market
- 1,797
- Median Sq Ft
- $195
- Median Price / Sq Ft
- 266
- Active Listings
- This home’s price is 63% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in IowaCity, IA.
Location
- 213 Iowa Ave, IowaCity, IA 52240
Nearby Schools
University of Iowa Department of Cinematic Arts
School · 0.3 mi away
Mann Elementary School
Elementary · 0.5 mi away
Melrose Day Care Center
Elementary · 0.9 mi away
Longfellow Elementary School
Elementary · 0.9 mi away
Lincoln Elementary School
Elementary · 1.1 mi away
Bohumil Shimek Elementary School
Elementary · 1.3 mi away
Iowa City High School
Secondary · 1.4 mi away
Regina Junior Senior High School
Secondary · 1.5 mi away
Regina Elementary School
Elementary · 1.5 mi away
Mark Twain Elementary School
Elementary · 1.5 mi away
Herbert Hoover Elementary School
Elementary · 1.5 mi away
Horn Elementary School
Elementary · 1.7 mi away
Iowa City Community School District
School · 1.7 mi away
Tate High School
Secondary · 1.9 mi away
Pci Academy Iowa City
School · 2.0 mi away
Southeast Junior High School
Secondary · 2.1 mi away
Champions at Lucas Elementary
Elementary · 2.2 mi away
Lucas Elementary School
Elementary · 2.2 mi away
Coralville Central Elementary
Elementary · 2.3 mi away
Grant Wood Elementary School
Elementary · 2.3 mi away
Commute Calculator
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Moving Cost Estimate
EXIT Agents in IowaCity
Listing Courtesy: Urban Acres Real Estate - 3193511111
Presented by: Mark Paterno