824 Orchard Street, Iowa City, IA 52246
824 Orchard Street, Iowa City, IA 52246
824 Orchard Street, Iowa City, IA 52246
824 Orchard Street, Iowa City, IA 52246
824 Orchard Street, Iowa City, IA 52246
824 Orchard Street, Iowa City, IA 52246
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
JJ Johannes

JJ Johannes

+1(319) 540-1002
$ 235,000
Est. payment | /mo

2,280 Sqft Lot

Save
$ 235,000
Est. payment | /mo
Save

2,280 Sqft Lot

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID 202605068

Year Built 2001

Tax Year 2023

Lot Size 2,280 Sqft

Acres 0.35

Lot Dimensions Irregular

Property Sub-Type Commercial

Property Description

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.

Location

State IA

County Johnson

Zoning Commercial

Direction Located between W Benton Street and S Riverside Drive/Highway 6 in Iowa City

Interior

Heating Natural Gas

Cooling Central Air, Office Area Only

Flooring Concrete Slab Grade

Exterior

Utilities Available Sewer Available, Phone Available, Underground Utilities, City Water

Roof Type Composition

Building

Lot Size Range Less Than Half Acre

Structure Type Block

Others

Tax ID 1016194016

Acceptable Financing Other

Listing Terms Other

Special Listing Condition Standard

Listed by Skogman Realty Co.

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

GET MORE INFORMATION

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from JJ Johannes, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Go tour this home

824 Orchard Street