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    114 E College St

    Iowa City, IA 52240
    • $550,000
    • STATUS: Active
    • ON SITE: 71 days
    • MLS #: 202005657
    UPDATED: 35 min ago
    $550,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,964
      SQFT
    • $92
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1890
    County:
    Area:

    School Ratings & Info

    Description

    Established Iowa City landmark pool-hall on the Ped Mall in the core area of student life & urban living. Numbers for 2017: total income of $715,000, COGS of $121,370, Expenses of $374,743 and Net Profit before taxes of $218,923. Proforma includes owner/manager salary. Long lease with options covers entire building with revenue from offices above in "Hall Mall" on second floor. Very CLEAN interior with simple operation: Pool and drinks! Own a bar that welcomes everyone, 21 to 101!

    Monthly Payment Calculator



    © 2020 Iowa City Area Association of Realtors. All rights reserved. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or The Johnson Team. Data last updated: 2020-11-28T14:25:39.633
    www.gwenjohnson.com/homes/110097894
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    114 E College St Iowa City, IA 52240

    • Price: $550,000
    • Status: Active
    • Updated: 35 min ago
    • MLS #: 202005657
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    5,964
    SQFT
    $92
    $/SQFT
    1890
    Built
    Neighborhood:
    Iowa City
    County:
    Johnson
    Area:
    Iowa City
    Property Description
    Established Iowa City landmark pool-hall on the Ped Mall in the core area of student life & urban living. Numbers for 2017: total income of $715,000, COGS of $121,370, Expenses of $374,743 and Net Profit before taxes of $218,923. Proforma includes owner/manager salary. Long lease with options covers entire building with revenue from offices above in "Hall Mall" on second floor. Very CLEAN interior with simple operation: Pool and drinks! Own a bar that welcomes everyone, 21 to 101!
    Exterior Features

    Additional Square Feet 5000-10000 Sqft Construct Cm Brick Road Frontage County/City RoadPavement Roof Type Other

    Interior Features

    Cooling Central A/C Elevators No Floor Type Wood Heating Forced AirGas

    Property Features

    Bank Owned NO Business Other Ci Features Delivery DoorDisplay Window Gross Taxcounty And City 55292 Insurance Exp Per Sqft 0 Internet Yes Lease Price 0 Location Shopping Center Lot Dimensions Irregular Ownership Type Business Opportunity Possible Financing Cash Sale Includes Equipment Incl Sale Lease For Sale Special Features Other Type Of Lease N/A Utilities Available Cable TvElectricityNatural GasSewerTelephoneWater-City Zoning Cb10

    Listing information © 2020 Iowa City Area Association of Realtors.
    Listing provided courtesy of Jeff Edberg of Lepic-Kroeger, Realtors.



    © 2020 Iowa City Area Association of Realtors. All rights reserved. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or The Johnson Team. Data last updated: 2020-11-28T14:25:39.633
     
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    The Johnson Team
    2530 Corridor Way
    Coralville IA, 52241