About This Home
This 0-bedroom, 0-bathroom commercial at 113 Iowa Ave in Iowacity, IA is listed for $1,250,000. Built in 1900, on a 0.04 acres lot.
Key Features
- Built in 1900
- 0.04 acre lot
Property Details
Amenities
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.
Monthly Cost Estimate
$6,685/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
113 Iowa Ave
Iowacity, IA 52240
Property Details
Flooring
Construction
Heating
Cooling
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 113 Iowa Ave is listed at $1,250,000. The estimated monthly payment is $6,686 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1900, 0.04 acre lot.
This property is listed by Zach Hammes and can be reached at 3196315261.
