213 Iowa Ave, Iowa City, IA 52240
213 Iowa Ave, Iowa City, IA 52240
213 Iowa Ave, Iowa City, IA 52240
213 Iowa Ave, Iowa City, IA 52240
213 Iowa Ave, Iowa City, IA 52240
213 Iowa Ave, Iowa City, IA 52240
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JJ Johannes

JJ Johannes

+1(319) 540-1002
$ 125,000
Est. payment | /mo

1,380 Sqft Lot

Save
$ 125,000
Est. payment | /mo
Save

1,380 Sqft Lot

Key Details

Property Type Commercial

Sub Type Business

Listing Status Active

Purchase Type For Sale

MLS Listing ID 202604820

Year Built 1900

Lot Size 1,380 Sqft

Lot Dimensions 20 x 150

Property Sub-Type Business

Property Description

George's Best Gyros is for sale! (Ped Mall food cart and brick & mortar restaurant at 213 Iowa Ave) Established in 1984 as a food cart, George's Gyros has become a staple of Iowa City's downtown nightlife for over 40 years. Enormous profit potential for a hands on entrepreneur that wants to embark in the downtown Iowa City fast food / late night food business or a seasoned operator already in the business. The restaurant is located between two popular college bars and across from the University of Iowa campus. Additional income in local festivals, private parties, tailgates, etc. Gross rent at 213 Iowa Ave, Iowa City is $2882 / month with options to renew. City Plaza cart permit subject to city approval. 213 Iowa Ave lease assignment / sublease is subject to Landlord approval. Great profit margin potential / low food costs. Perfect for a hands on owner operator. Equipment & inventory transfers to buyer. Sale is for business only. No real estate is included. Owner is a licensed Realtor in Iowa. Hood Vent and Coolers at restaurant are property of landlord, but maintained by tenant. Additional storage space in basement at 213 Iowa Ave.

Location

State IA

County Johnson

Zoning CB10

Direction Iowa Ave. Downtown Iowa City.

Interior

Heating Electric, Baseboard

Cooling Wall Units

Flooring Ceramic Tile

Exterior

Utilities Available Electricity Available, Natural Gas Available, Sewer Available, Phone Available, City Water

Roof Type Other

Building

Lot Size Range Less Than Half Acre

Structure Type Brick

Others

Tax ID NA

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

Listed by Urban Acres Real Estate

NEARBY SCHOOLS & PROPERTIES

JJ Johannes

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(319) 540-1002

jj@thejohannesgroup.com

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213 Iowa Ave