113 Iowa Ave, Iowa City, IA 52240
sale
$1,150,000
|
Other
Courtesy Of Lepic-Kroeger, REALTORS
Investment property fully leased downtown Iowa City with one parking spot behind the building. Sale to be part of a 1031 exchange. Cash financing provides just over a 6% cap rate in this highly sought after area of real estate downtown. 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.
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Copyright © 2026 Iowa City Area Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Property Features
- Age: Over 50 Years Old
- Amenities: Cable Ready
- Cooling System: Central Air
- Exterior Type: Brick
- Exterior Type: Frame
- Floor Covering: Wood
- Floor Covering: Concrete
- Heating System: Natural Gas
- MLSID: 202601140
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