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640 Hwy 1 W

Iowa City, IA 52246
  • $2,300,000
  • STATUS: Active
  • ON SITE: 31 Days
  • MLS #: 202400533
UPDATED: 50 min ago
$2,300,000
  • 0
    BEDS
  • 2.04
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 8,414
    SQFT
  • $273
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
2007
County:
Area:

School Ratings & Info

Description

Former Farmers Savings Bank building at 640 Hwy 1 W, Iowa City is for sale. This space is highly visible and ideally located and configured for a bank, credit union or other financial institution. Daily traffic count is 23,400 cars per day and the zoning is CC2 allowing office and retail uses. The bank portion is vacant & consists of 5,277 SF plus a bank drive through of 660 SF. The bank suite is set up with 7 hard wall offices, several cubicles, teller stations, drive-through stations, work areas, conference room, electronic demark room, mechanical and storage areas. There is a cash vault, main vault, security system and personal property expected in a bank. The furniture, security cameras, cash machine change counter and ATM are negotiable. The building generates income from 2 long-term leases. Jensen Eye Care occupies 3,137 SF with exceptional build out, There is a second lease for 500 ft of exterior space for a cell tower. Lease information is available after first signing an NDA provided in Assoc. Docs. Jensen Eye Care requires 24 hour notice for showings with confirmation. See floor plans in photos.

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© 2024 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 | Skogman Realty. Data last updated: 2024-03-02T23:25:43.277
www.gwenjohnson.com/homes/147115125
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640 Hwy 1 W Iowa City, IA 52246

  • Price: $2,300,000
  • Status: Active
  • On Site: 31 Days
  • Updated: 50 min ago
  • MLS #: 202400533
0
Beds
0
Baths
0
½ Baths
2.04
Acres
8,414
SQFT
$273
$/SQFT
2007
Built
Neighborhood:
Iowa City
County:
Johnson
Area:
Iowa City
Property Description
Former Farmers Savings Bank building at 640 Hwy 1 W, Iowa City is for sale. This space is highly visible and ideally located and configured for a bank, credit union or other financial institution. Daily traffic count is 23,400 cars per day and the zoning is CC2 allowing office and retail uses. The bank portion is vacant & consists of 5,277 SF plus a bank drive through of 660 SF. The bank suite is set up with 7 hard wall offices, several cubicles, teller stations, drive-through stations, work areas, conference room, electronic demark room, mechanical and storage areas. There is a cash vault, main vault, security system and personal property expected in a bank. The furniture, security cameras, cash machine change counter and ATM are negotiable. The building generates income from 2 long-term leases. Jensen Eye Care occupies 3,137 SF with exceptional build out, There is a second lease for 500 ft of exterior space for a cell tower. Lease information is available after first signing an NDA provided in Assoc. Docs. Jensen Eye Care requires 24 hour notice for showings with confirmation. See floor plans in photos.
Exterior Features

Construction Materials BrickFrame Lot Size Acre Range TwoToFiveAcres Lot Size Dimensions 88862 Road Frontage Type PavedHighway Roof Composition

Interior Features

Cooling CentralAir Flooring CarpetCeramicTileVinyl Heating NaturalGasForcedAir Interior Features ZeroStepEntry

Property Features

Auction Online Bid YN No Business Type EducationSchoolMedicalOrDentalOfficeBuildingRetailOther Buyer Financing CashConventional Commercial Building Features DeliveryDoorDisplayWindowSecuritySystemSprinklerSystem Common Area Maintenance 0 Compensation Remarks 3 Expiration Date 2024-07-29 Green Verification YN No Possession Immediate Property Sub Type Commercial Special Features Other Tax Annual Amount 69000 Tax Year 2022 Utilities CableAvailableElectricityAvailableNaturalGasAvailablePhoneAvailableUndergroundUtilitiesCityWater Zoning CC2

Listing information © 2024 Iowa City Area Association of Realtors.
Listing provided courtesy of Jeff Edberg of Lepic-Kroeger, REALTORS: 319-351-8811.



© 2024 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 | Skogman Realty. Data last updated: 2024-03-02T23:25:43.277
 
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The Johnson Team | Skogman Realty
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Coralville IA, 52241