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$ 235,000
Est. payment | /mo
2,280 Sqft Lot
$ 235,000
Est. payment | /mo
2,280 Sqft Lot
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 202605068
Year Built 2001
Tax Year 2023
Lot Size 2,280 Sqft
Acres 0.35
Lot Dimensions Irregular
Property Sub-Type Commercial
Property Description
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.
Location
State IA
County Johnson
Zoning Commercial
Direction Located between W Benton Street and S Riverside Drive/Highway 6 in Iowa City
Interior
Heating Natural Gas
Cooling Central Air, Office Area Only
Flooring Concrete Slab Grade
Exterior
Utilities Available Sewer Available, Phone Available, Underground Utilities, City Water
Roof Type Composition
Building
Lot Size Range Less Than Half Acre
Structure Type Block
Others
Tax ID 1016194016
Acceptable Financing Other
Listing Terms Other
Special Listing Condition Standard
Listed by Skogman Realty Co.
NEARBY SCHOOL & BUSINESS