824 Orchard Street Iowa City IA 52246
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824 Orchard Street Iowa City IA 52246
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.
MLS#
202605068
Price
$235,000
Status
Active
Property Type
Commercial Sale
Property Subtype
Commercial
Property Features
Lot Size:
0.35 Acres
Taxes
$0
Property Descriptions
Parcel#
1016194016
Utilities
Sewer Available, Phone Available, Underground Utilities, City Water
Lot Dimensions:
0.35 Acres
Total Building Square Footage:
2,280 /SF
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