615 Highway 1 W, Iowa City, IA 52246
615 Highway 1 W, Iowa City, IA 52246
615 Highway 1 W, Iowa City, IA 52246
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$1,599,000
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0.42 Acres Lot
Price Dropped by $91K

615 Highway 1 W Iowa City, IA 52246

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Amir Elgaali

Amir Elgaali

+1(319) 855-0017

UPDATED:

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID 202602335

Year Built 1990

Annual Tax Amount $32,536

Tax Year 2024

Lot Size 0.422 Acres

Acres 0.99

Lot Dimensions 200 x 176

Property Sub-Type Commercial

Property Description

This unique commercial property offers exceptional flexibility for a variety of business needs. One side features two large bays measuring approximately 85' deep by 60' wide, along with a small wash bay/storage area. Separating the space is approximately 2,700 sq ft of office area, leading to the opposite side which includes three individual bays—two equipped with their own bathrooms. The building is serviced by 3-phase electric, making it ideal for a range of commercial or light industrial uses. Above the office space are four units—two 2-bedroom and two 1-bedroom—currently utilized as offices but easily converted back to apartments for additional income potential. The layout allows an owner to operate their business in one portion while leasing out the remaining space. Added outdoor parking and storage space provide a rare advantage not commonly found in commercial condo settings. A versatile property with multiple income streams and room to grow—opportunities like this don't come around often.

Location

State IA

County Johnson

Zoning commercial

Direction Please use navigation device

Interior

Heating Natural Gas, Forced Air

Cooling Central Air, Zoned

Flooring Concrete Slab Grade, Reinforced Concrete

Exterior

Utilities Available Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Underground Utilities

Roof Type Metal

Building

Lot Size Range Less Than Half Acre

Structure Type Steel Or Metal

Others

Tax ID 1016-43-00-09

Acceptable Financing Conventional

Listing Terms Conventional

Special Listing Condition Standard

Listed by Lepic-Kroeger, REALTORS

NEARBY SCHOOL & BUSINESS

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Amir Elgaali

Amir Elgaali

Agent | License ID: 66564000

+1(319) 855-0017

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615 Highway 1 W