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824 Orchard Street Iowa City, IA 52246 • Commercial - Business • Active

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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
$235,000
Est. $1,600/mo
New to the Market Active
SQUARE FEET2,280 MLS#202605068
STATUSActive PROPERTY TYPECommercial - Business
TOUR PROPERTY

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Agent Name: Emerald Johnson
 Agent Phone: (563) 505-5956
 Agency Title: Ruhl&Ruhl Realtors
 Agent Email:

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824 Orchard Street, Iowa City, IA 52246.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 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

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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 08/22/2026. The listing information on this page last changed on 08/22/2026. 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 Sat 08/22/2026 9:34:15 AM EST) or MRED MLS (last updated Sat 08/22/2026 9:31:49 AM EST) or SCWMLS (last updated Sat 08/22/2026 9:33:38 AM EST) or Rockford Board of Realtors (NWIAR) (last updated Fri 08/21/2026 10:15:22 PM EST) or Cedar Rapids MLS (last updated Sat 08/22/2026 9:32:33 AM EST) or NEIRBR MLS (last updated Sat 08/22/2026 9:29:16 AM EST) or ICAAR MLS (last updated Sat 08/22/2026 9:27:37 AM EST) or ECIMLS (last updated Sat 08/22/2026 9:20:34 AM EST) or RMLSA (last updated Sat 08/22/2026 9:32:52 AM EST) or Muscatine MLS (last updated Sat 08/22/2026 9:30:54 AM EST) or No Coast MLS (last updated Sat 08/22/2026 9:25:56 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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