Contact us: 563.441.1776
Description
Well-located small NNN in Iowa City's established commercial and service corridor, with easy access and good visibility off Orchard Street. Priced at $235,000 reflecting a 7.14% cap rate on current income. Current NNN lease runs through March 2027 with a renewal option in place. Depending on how the tenancy plays out, this could work well for a service-oriented business or investor looking for a functional building in a proven Iowa City location. Building lends itself well to auto repair, light service, or similar uses. The building next door at 121 W Benton St is also available for sale. Brochure coming soon.
Property Highlights
Property Type: Commercial - Business
Year Built: 2001
General Information
County: Johnson
Listed By:
Skogman Realty Co.
Mark Lynch
319-625-6427
ICAAR MLS
MLS ID: 202605068
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824 Orchard Street, Iowa City, IA 52246.
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $235,000 | $235,000 | $235,000 |
| Down Payment | $47,000 | $8,225 | $58,750 |
| Monthly Mortgage Amount | $1,173 | $1,440 | $1,464 |
| Taxes | $327 | $327 | $327 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $103 | $0 |
| Monthly Estimated Total | $1,600 | $1,970 | $1,891 |
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.
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