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Listing ID: 202105490
Price: $424,000
Status: Active
Address: 97 Commercial Dr
City: Iowa City
State: Iowa
Postal Code: 52246
SqFt: 6,000
Acres: 0.440
County: Johnson
Iowa City
Reduced with aggressive Seller-bring your offer! Leased investment with long term, quality tenant in place. Current term ends on 12-31-2023 with three 2-year options to renew with CPI adjustments. Building is 6,000 feet with approx. 1,200 feet of office and the balance in warehouse/storage/production. Three doc doors and one OH door. Full HVAC in office space, radiant heat in warehouse area. Above ground gas storage and pump for tenant fleet. 7.1% cap rate investment return.

Basic Features

Listing Price: $424,000
Address: 97 Commercial Dr
City: Iowa City
State: Iowa
Postal Code: 52246
County: Johnson
Zoning: I1
Area: Iowa City
Year Built: 1988
Location: Other
Business: Auto Services, Building Supplies, Industrial, Manufacturing, Warehouse, Other
Square Feet: 5, 000-10, 000 SqFt
Acres: 0.440
Lot Size: Less Than .5 Acre
Sale/Lease: For Sale
Rent/Lease: neither
Type of Lease: NA
Rent/Lease Price: $424,000
Days on Market: 7
Status: Active
Documents: Aerial Photo, Other Documents Available
Possession: Negotiable
Possible Financing: Cash

Additional Features

Associated Document Count: 1
CI Features: Additional Buildings, Delivery Door, Loading Dock, Other
Construction Company: Frame, Steel/Metal
Utilities Available: Sewer, Water-City
Cooling: Central A/C
Heating: Steam/Hotwtr
Floor Type: Concrete Slab/Grade, Reinforced Concrete
Gross Tax (County & City): 7128
Lot Dimensions: Irregular
Property Sub Type: Commercial
Roof Type: Metal/Steel
Special Features: Other
Tax ID: 1022331001
Tax Year Report: 2019
Variable Rate: no
Road Frontage: County/City Road, Pavement

Zoning Info

© 2021 Iowa City Area MLS (ICAARMLS)
Information deemed reliable, but not guaranteed
Listing courtesy of Jeff Edberg of Lepic-Kroeger, REALTORS

Contact - Listing ID 202105490

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Jeff Edberg

2346 Mormon Trek Blvd, Ste #2000
Iowa City, IA 52246
Phone: 319-331-6187
Phone Alt: 319-331-6187

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