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Vibrant Investment Opportunity in Downtown IC! Welcome to a unique investment opportunity nestled in the heart of downtown IC. This fully leased building is a bustling hub of activity, housing two lively bars on the main and lower levels. Both bars come with active liquor licenses. Commercial tenants are in year 4 of a 10-yr. lease. Adding to its charm is a fully-equipped kitchen, serving as the culinary heart of the establishment. This feature enhances the potential for diverse food and beverage offerings, making it a popular choice among locals and visitors alike. The upper level of the building houses four residential apartments, all currently occupied by tenants.
| DAYS ON MARKET | 14 | LAST UPDATED | 10/9/2026 |
|---|---|---|---|
| YEAR BUILT | 1917 | COMMUNITY | IowaCity |
| COUNTY | Johnson | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| Elementary School | Longfellow |
|---|---|
| Jr. High School | Southeast |
| High School | City |
| ADDITIONAL DETAILS | |
| AIR | Central Air, Whole House Fan, Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | IowaCity |
| CONSTRUCTION | Block, Brick, Frame |
| HEAT | Baseboard, Natural Gas, Steam |
| LOT | 3485 sq ft |
| LOT DIMENSIONS | N/A |
| TAXES | 37462 |
| UTILITIES | Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Phone Available |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by Jon Proud, Lepic-Kroeger, REALTORS
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Listing information is deemed reliable, but not guaranteed accurate by the MLS.
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