640 Highway 1 W, Iowa City, IA 52246
Johnson County
Key Facts
Description
Highly visible former bank branch building on the South side of Iowa City for sale. This property is partially leased to a medical office user and also benefits from a cell tower lease. The former bank branch is currently vacant, which is 5,277 SF with a drive through. The interior buildout of the available space contains 7 private offices, cubicle spaces, teller line and a conference room. Jensen Eyecare occupies 3,137 SF.
Property Information
Property Type
Commercial Sale
Sub-Type
Office
Year Built
2007
Stories
1
Living Area
8,414 sq ft
Lot Size
2.04 acres
Lot Dimensions
2.04 Ac
Zoning
CC2
Days on Market
313
MLS® Listing#
2501284
Property Features
Interior
Cooling
Heating
Flooring
Parking
Construction
Roof
Utilities
Sewer
Water Source
Financial Details
Annual Taxes
$80,284
Parcel Number
1016433001
Directions
Hwy 1 W located next to Culvers and across from Aldi's and auto dealerships.
Affordability Calculator
$320,000
Estimated monthly payment
$8,516/mo
Principal $1,280,000 · Est. interest $1,785,714 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Iowa City, IA
- $279,545
- Median Listing Price
- 66
- Median Days on Market
- 1,684
- Median Sq Ft
- $152
- Median Price / Sq Ft
- 807
- Active Listings
- This home’s price is 472% above the area median.
- Its price per sq ft is 25% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Iowa City, IA.
Location
Points of Interest in Iowa City, IA
Showing the Iowa City area map.
Nearby Schools
Melrose Day Care Center
Elementary · 0.6 mi away
Horn Elementary School
Elementary · 0.8 mi away
University of Iowa Department of Cinematic Arts
School · 1.1 mi away
Lincoln Elementary School
Elementary · 1.4 mi away
Longfellow Elementary School
Elementary · 1.6 mi away
Mark Twain Elementary School
Elementary · 1.7 mi away
West High School
Secondary · 1.7 mi away
Mann Elementary School
Elementary · 1.8 mi away
Tate High School
Secondary · 2.3 mi away
Coralville Central Elementary
Elementary · 2.3 mi away
Grant Wood Elementary School
Elementary · 2.3 mi away
Iowa City High School
Secondary · 2.3 mi away
Alexander Elementary
Elementary · 2.3 mi away
Pci Academy Iowa City
School · 2.4 mi away
Herbert Hoover Elementary School
Elementary · 2.4 mi away
Bohumil Shimek Elementary School
Elementary · 2.5 mi away
Weber Elementary School
Elementary · 2.5 mi away
Southeast Junior High School
Secondary · 2.5 mi away
Regina Junior Senior High School
Secondary · 2.6 mi away
Regina Elementary School
Elementary · 2.6 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| Highway 1 SW, Iowa City, IA | $1,125,000 | — | — | — |
| 6537 Twin Lakes Road, Rockwell City, IA | $1,140,000 | 6 | 4 | 2,229 |
| 1604 S Pierce, MASON CITY, IA | $1,150,000 | — | — | 24,860 |
| 820 PIERCE ST, Sioux City, IA | $1,200,000 | — | — | 22,500 |
| 938 Heron Place, Iowa City, IA | $1,379,000 | 5 | 5 | 4,641 |
| 1130 S Scott Boulevard, Iowa City, IA | $1,400,000 | — | — | 8,878 |
Moving Cost Estimate
EXIT Agents in Iowa City
Listing Courtesy: GLD COMMERCIAL - 3197313400
Presented by: Adam Gibbs