# 113 Iowa Ave, Iowacity, IA 52240

> **TL;DR:** commercial, $1,250,000, built 1900.
> A/C. Est. $6,686/mo. Listed 140 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $1,250,000 |
| Year Built | 1900 |
| Lot Size | 1,742 sqft (0.04 acres) |
| Property Type | Commercial (Other) |
| Status | For Sale |
| Days on Market | 140 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $6,321 |
| Estimated Insurance | $365 |
| **Total** | **$6,686** |

## Key Amenities

- A/C

## Property Highlights

- Built in 1900
- 0.04 acre lot

## Description

### Agent 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.

## Location

- **Address:** 113 Iowa Ave, Iowacity, IA 52240
- **County:** Johnson
- **Coordinates:** 41.66098, -91.533988
- **Google Maps:** https://www.google.com/maps?q=41.66098,-91.533988

## Listing Agent

- **Name:** Zach Hammes
- **Brokerage:** Lepic-Kroeger, REALTORS
- **Phone:** 3196315261

## Primary Photo

![113 Iowa Ave - Primary Photo](http://lh.rdcpix.com/55b24112b8cd9b9b4ca2e413aa334b1fl-f2726486971r.jpg)

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**MLS#:** 202601140 | **Updated:** 2026-08-02
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.ai/listing/113-iowa-ave-iowacity-ia-52240-02601140)

---

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