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    1926 Keokuk St

    Iowa City, IA 52240
    • $850,000
    • STATUS: Active
    • ON SITE: 32 days
    • MLS #: 202005112
    UPDATED: 85 min ago
    $850,000
    • 0
      BEDS
    • 0.6
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,857
      SQFT
    • $220
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    2004
    County:
    Area:

    School Ratings & Info

    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.

    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: 2020-09-21T00:25:39.02
    www.gwenjohnson.com/homes/109158887
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    1926 Keokuk St Iowa City, IA 52240

    • Price: $850,000
    • Status: Active
    • Updated: 85 min ago
    • MLS #: 202005112
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.6
    Acres
    3,857
    SQFT
    $220
    $/SQFT
    2004
    Built
    Neighborhood:
    Iowa City
    County:
    Johnson
    Area:
    Iowa City
    Property 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.
    Exterior Features

    Additional Square Feet 2000-5000 Sqft Construct Cm Frame Road Frontage County/City Road Roof Type Metal/Steel

    Interior Features

    Cooling Other Floor Type Other Heating Gas

    Property Features

    Bank Owned NO Business Food ServicesMedical DentalOffice BuildingReligiousRetail Store Ci Features Other Gross Taxcounty And City 25898 Insurance Exp Per Sqft 0.15 Internet Yes Lease Price 17.19 Location Corner LotFreestandingShopping Center Lot Dimensions Irregular Ownership Type Commercial Possible Financing CashConventionalExchange Sale Includes Building &Amp; Land Sale Lease For Sale Special Features None Type Of Lease Nnn Utilities Available ElectricityNatural GasSewerWater-City Zoning Cc-2

    Listing information © 2020 Iowa City Area Association of Realtors.
    Listing provided courtesy of F. Joe Hughes of Southgate Companies.



    © 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: 2020-09-21T00:25:39.02
     
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    Coralville IA, 52241