VIRTUAL TOURS
TOUR MY LISTINGS ANYTIME
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.
Property Highlights
Property Type: Commercial - Business
Year Built: 2001
General Information
County: Johnson
Listed By:
Skogman Realty Co.
Mark Lynch
319-625-6427
ICAAR MLS
MLS ID: 202605068
Shown By
Agent Name: Kathy Meyer
Agent Phone: (309) 737-5323
Agency Title: Ruhl&Ruhl Realtors
Agent Email:
Get in Touch
Shown By
Agent Name: Kathy Meyer
Agent Phone: (309) 737-5323
Agency Title: Ruhl&Ruhl Realtors
Agent Email:
Contact an agent to learn more about
824 Orchard Street, Iowa City, IA 52246.
Mortgage Calculator
Call or Click to get Pre-Approved!
563-441-1862
toll free 866-441-1862
Customize Your Rate
| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $235,000 | $235,000 | $235,000 |
| Down Payment | $47,000 | $8,225 | $58,750 |
| Monthly Mortgage Amount | $1,173 | $1,440 | $1,464 |
| Taxes | $327 | $327 | $327 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $103 | $0 |
| Monthly Estimated Total | $1,600 | $1,970 | $1,891 |