113 Iowa Ave, IowaCity, IA 52240
Johnson County
Key Facts
Description
Investment property fully leased downtown Iowa City with one parking spot behind the building. Sale to be part of a 1031 exchange. Cash financing is the only way to pencil just over a 5% cap rate. Main floor and basement (1900 sq. ft) retail space below is leased by The Wedge Pizzeria through January 31, 2030. Tenant has three 5 year options. Residential space above (988 sq. ft) fully rented without lease which could make easier for renovation options.
Property Information
Property Type
Commercial Sale
Year Built
1900
Lot Size
0.04 acres
Lot Dimensions
19 X 100
Zoning
C & MR R3+
MLS® Listing#
202601140
Property Features
- Cooling:
- Central Air
- Heating:
- Natural Gas
- Flooring:
- Concrete, Wood
- Construction:
- Brick, Frame
- Roof:
- Tar/Gravel
- Utilities:
- Cable Available, Electricity Available, Sewer Available, Phone Available
- Water Source:
- Public
HOA & Tax
- Annual Tax:
- $19,790 (2024)
- Parcel #:
- 1010311012
Directions
South on Dubuque St, West on Iowa Ave.
Affordability Calculator
$250,000
Estimated monthly payment
$6,653/mo
Principal $1,000,000 · Est. interest $1,395,089 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 246% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in IowaCity, IA.
Location
- 113 Iowa Ave, IowaCity, IA 52240
Nearby Schools
University of Iowa Department of Cinematic Arts
School · 0.2 mi away
Mann Elementary School
Elementary · 0.6 mi away
Melrose Day Care Center
Elementary · 0.8 mi away
Longfellow Elementary School
Elementary · 1.0 mi away
Lincoln Elementary School
Elementary · 1.0 mi away
Bohumil Shimek Elementary School
Elementary · 1.3 mi away
Iowa City High School
Secondary · 1.5 mi away
Mark Twain Elementary School
Elementary · 1.6 mi away
Regina Junior Senior High School
Secondary · 1.6 mi away
Regina Elementary School
Elementary · 1.6 mi away
Herbert Hoover Elementary School
Elementary · 1.6 mi away
Horn Elementary School
Elementary · 1.7 mi away
Iowa City Community School District
School · 1.8 mi away
Tate High School
Secondary · 2.0 mi away
Pci Academy Iowa City
School · 2.1 mi away
Southeast Junior High School
Secondary · 2.1 mi away
Coralville Central Elementary
Elementary · 2.2 mi away
Champions at Lucas Elementary
Elementary · 2.3 mi away
Lucas Elementary School
Elementary · 2.3 mi away
Grant Wood Elementary School
Elementary · 2.3 mi away
Commute Calculator
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Listing Courtesy: Lepic-Kroeger, REALTORS - 3193518811
Presented by: Zach Hammes