Contact us: 563.441.1776
Description
This unique commercial property offers exceptional flexibility for a variety of business needs. One side features two large bays measuring approximately 85' deep by 60' wide, along with a small wash bay/storage area. Separating the space is approximately 2,700 sq ft of office area, leading to the opposite side which includes three individual bays?two equipped with their own bathrooms. The building is serviced by 3-phase electric, making it ideal for a range of commercial or light industrial uses. Above the office space are four units?two 2-bedroom and two 1-bedroom?currently utilized as offices but easily converted back to apartments for additional income potential. The layout allows an owner to operate their business in one portion while leasing out the remaining space. Added outdoor parking and storage space provide a rare advantage not commonly found in commercial condo settings. A versatile property with multiple income streams and room to grow?opportunities like this don't come around often.
Property Highlights
Property Type: Commercial - Business
Year Built: 1990
General Information
County: Johnson
Listed By:
Lepic-Kroeger, REALTORS
Russell Yoder
319-351-8811
ICAAR MLS
MLS ID: 202602335
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615 Highway 1 W, Iowa City, IA 52246.
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563-441-1862
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| Loan Type | FHA 30 Year Fixed | VA 30 year fixed | 30 yr Jumbo |
| Purchase Price | $1,599,000 | $1,599,000 | $1,599,000 |
| Down Payment | $55,965 | $0 | $319,800 |
| Monthly Mortgage Amount | $9,667 | $10,057 | $7,981 |
| Taxes | $2225 | $2225 | $2225 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $959 | $0 | $0 |
| Monthly Estimated Total | $13,317 | $12,748 | $10,672 |
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 05/28/2026. The listing information on this page last changed on 05/28/2026. 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 Thu 05/28/2026 1:45:39 AM EST) or MRED MLS (last updated Thu 05/28/2026 1:43:24 AM EST) or SCWMLS (last updated Wed 05/27/2026 11:54:41 PM EST) or Rockford Board of Realtors (NWIAR) (last updated Wed 05/27/2026 10:15:58 PM EST) or Cedar Rapids MLS (last updated Wed 05/27/2026 10:44:17 PM EST) or NEIRBR MLS (last updated Thu 05/28/2026 1:18:45 AM EST) or ICAAR MLS (last updated Wed 05/27/2026 11:37:31 PM EST) or ECIMLS (last updated Wed 05/27/2026 11:44:18 PM EST) or RMLSA (last updated Thu 05/28/2026 1:10:59 AM EST) or Muscatine MLS (last updated Thu 05/28/2026 1:30:12 AM EST) or No Coast MLS (last updated Thu 05/28/2026 12:44:25 AM 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.
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