Listed by Zach Hammes of Lepic-Kroeger,REALTORS
Investment property fully leased downtown Iowa City with one parking spot behind the building. Sale to be part of a 1031 exchange. Cash financing is the only way to pencil just over a 5% cap rate. Main floor and basement (1900 sq. ft) retail space below is leased by The Wedge Pizzeria through January 31, 2030. Tenant has three 5 year options. Residential space above (988 sq. ft) fully rented without lease which could make easier for renovation options.

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Property Details of 113 Iowa Avenue

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 Based on information submitted to IA_ICAAR_API as of July 10, 2026 8:10 PM UTC . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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