Remarks

This is a mixed-use property right near the SWC of Muscatine and 1st Ave in Iowa City. Other area businesses are Walgreens, Hy Vee, the new Kum N Go and a retail strip center. The subject has a first-floor office space of approx. 1,860 square feet, an attached workshop serving the front office of approx. 1,836 square feet, and a detached building of approx. 2,000 feet. There are two 2-bedroom apartments above the first office space building. The approx. 5,600 feet of commercial space is currently occupied by the Hanger prosthetics business at $23.39 per foot (gross rent) for approximately 1-year. If an owner/user wanted the space sooner, the Hanger will likely move before lease end. The two apartments are each rented for $875 each, per month. The lot is 80 x 150 or 12,000 and approximately 6,000 feet of that is in parking.

Details

MLS#: 202405845
Price: $730,000

Style: Commercial
Year Built: 1959

County: Johnson
Lot Size: 150x80
Tax Fee: 18718