$850,000

1926 Keokuk St

Iowa City IA, 52240

Description

Single-tenant building with great visibility & drive-through. Tenant lease was just extended through April 30, 2022 at $5,374.69 per month. At $64,496.28 annual income, $850,000 is a 7.59% cap rate. Tenant pays association fees and takes care of exterior maintenance except roof. Contact listing agent for tenant details. This property is next to a new trampoline park (Defy), Taco Bell, the main Iowa City Post Office, MidWestOne Bank, Sherwin Williams, Slumberland & more.

Details

MLS#202005112
Listing TypeFor Sale
StyleIndustrial
Sub-TypeResale
StatusActive
Year2004
Days On Site36

Features

SQ Feet3,857
Story(s)1
ZoningCC-2

Market Activity 52240

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Area Information
StateIA
CountyJohnson
CityIowa City
Zip Code52240
AreaIowa City
Listing VS Median (in 52240)
Price:
$850,000
low | high
Med:
$185,000
100% of Average
SqFt:
3,857
low | high
Med:
1,585
100% of Average
$ / SqFt:
$220
low | high
Med:
$117
96.86176852104% of Average
On Site:
36
low | high
Med:
178
20.224719101124% of Average
Listing Updated: 09/28/2020
F. Joe Hughes LogoMLS Number: 202005112
Listing Provided By:
F. Joe Hughes  of  SouthGate Companies
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Iowa City Area Association of Realtors