Contact us: 563.441.1776
Description
Two NNN investment opportunities available separately in Iowa City ? a proven university market with stable long-term demand. Both properties are absolute NNN with tenants handling operating expenses, offering low-management income for the right buyer. 121 W Benton Street is the anchor of the two, a single-tenant absolute NNN with over 7 years remaining on a 10-year lease, annual rent bumps, and two 10-year renewal options extending the investment horizon well into the future. Priced at $1,350,000 at a 7.42% cap rate. 824 Orchard Street priced at approximately a 7.14% cap on current income. Current lease runs through March 2027 with a renewal option, and the building suits a range of service-oriented uses. Properties may be purchased separately. Both are well-positioned in Iowa City's commercial core, with easy access and established tenant bases. Contact listing agent for details on either or both.
Property Highlights
Property Type: Commercial - Business
Year Built: 1974
General Information
County: Johnson
Listed By:
Skogman Realty Co.
Mark Lynch
319-625-6427
ICAAR MLS
MLS ID: 202605070
For Details, Contact
Get in Touch
For Details, Contact
Contact an agent to learn more about
121 W Benton St., Unit 824 Orchar, 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 | FHA 30 Year Fixed | VA 30 year fixed | 30 yr Jumbo |
| Purchase Price | $1,585,000 | $1,585,000 | $1,585,000 |
| Down Payment | $55,475 | $0 | $317,000 |
| Monthly Mortgage Amount | $9,709 | $10,101 | $8,015 |
| Taxes | $2206 | $2206 | $2206 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $951 | $0 | $0 |
| Monthly Estimated Total | $13,328 | $12,769 | $10,683 |
Disclaimer:
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided 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 on this site was last updated 08/21/2026. The listing information on this page last changed on 08/21/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Fri 08/21/2026 3:39:44 PM EST) or MRED MLS (last updated Fri 08/21/2026 3:34:51 PM EST) or SCWMLS (last updated Fri 08/21/2026 3:32:27 PM EST) or Rockford Board of Realtors (NWIAR) (last updated Fri 08/21/2026 3:06:05 PM EST) or Cedar Rapids MLS (last updated Fri 08/21/2026 3:34:27 PM EST) or NEIRBR MLS (last updated Fri 08/21/2026 3:38:55 PM EST) or ICAAR MLS (last updated Fri 08/21/2026 3:37:54 PM EST) or ECIMLS (last updated Fri 08/21/2026 3:38:37 PM EST) or RMLSA (last updated Fri 08/21/2026 3:31:06 PM EST) or Muscatine MLS (last updated Fri 08/21/2026 3:30:21 PM EST) or No Coast MLS (last updated Fri 08/21/2026 3:34:36 PM EST). Real estate listings held by brokerage firms other than Ruhl&Ruhl Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
Privacy Policy / DMCA Notice / ADA Accessibility
Privacy Policy / DMCA Notice / ADA Accessibility
This site is hosted, designed and copyright
© 1994 - 2026 by
Delta Media Group, Inc. -- Patent Pending --