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2203 Muscatine Ave Iowa City, IA 52240

For Sale
2203 Muscatine Ave
Iowa City, IA 52240
Price: $730,000
Type: Commercial Sale Commercial
Sqft: 5496
Agent: Jeff Edberg
Agent Phone: 319-331-6187
Agent Email: jeff@icrealestate.com
Broker: Lepic-Kroeger, REALTORS
Broker Phone: 319-351-8811
Broker Email: info@lepickroeger.com

This is a mixed-use property right near the SWC of Muscatine and 1st Ave in Iowa City. Other area businesses are Walgreens, Hy Vee, the new Kum N Go and a retail strip center. The subject has a first-floor office space of approx. 1,860 square feet, an attached workshop serving the front office of approx. 1,836 square feet, and a detached building of approx. 2,000 feet. There are two 2-bedroom apartments above the first office space building. The approx. 5,600 feet of commercial space is currently occupied by the Hanger prosthetics business at $23.39 per foot (gross rent) for approximately 1-year. If an owner/user wanted the space sooner, the Hanger will likely move before lease end. The two apartments are each rented for $875 each, per month. The lot is 80 x 150 or 12,000 and approximately 6,000 feet of that is in parking.

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