Contact us: 563.441.1776
Description
Highly visible former bank branch building on the South side of Iowa City for sale. This property is partially leased to a medical office user and also benefits from a cell tower lease. The former bank branch is currently vacant, which is 5,277 SF with a drive through. The interior buildout of the available space contains 7 private offices, cubicle spaces, teller line and a conference room. Jensen Eyecare occupies 3,137 SF.
Property Highlights
Property Type: Commercial - Office
Building Description: 1.0 stories
Year Built: 2007
Lot Size: 2.04 acres
General Information
County: Johnson
Listed By:
GLD COMMERCIAL
319-731-3400
Adam Gibbs
Cedar Rapids MLS
MLS ID: 2501284
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640 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 | $1,600,000 | $1,600,000 | $1,600,000 |
| Down Payment | $56,000 | $0 | $320,000 |
| Monthly Mortgage Amount | $9,546 | $9,931 | $7,777 |
| Taxes | $2227 | $2227 | $2227 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $960 | $0 | $0 |
| Monthly Estimated Total | $13,200 | $12,625 | $10,471 |
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 04/17/2026. The listing information on this page last changed on 04/17/2026. 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 04/17/2026 12:02:09 AM EST) or MRED MLS (last updated Thu 04/16/2026 11:57:57 PM EST) or SCWMLS (last updated Thu 04/16/2026 11:54:38 PM EST) or Rockford Board of Realtors (NWIAR) (last updated Thu 04/16/2026 10:16:31 PM EST) or Cedar Rapids MLS (last updated Thu 04/16/2026 10:44:14 PM EST) or NEIRBR MLS (last updated Thu 04/16/2026 11:58:42 PM EST) or ICAAR MLS (last updated Thu 04/16/2026 11:37:29 PM EST) or ECIMLS (last updated Thu 04/16/2026 11:44:15 PM EST) or RMLSA (last updated Fri 04/17/2026 12:00:58 AM EST) or Muscatine MLS (last updated Fri 04/17/2026 12:00:24 AM EST) or No Coast MLS (last updated Thu 04/16/2026 11:54:22 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.
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