Commercial Land for Sale in Iowa City, Iowa
425 E Highway 6, Iowa City, IA 52240
Prominent leased investment with Goodwill Industries and Advanced Auto Stores adjacent to the Waterfront Hy Vee in Iowa City. Advanced Auto has occupied the 8086 SF suite since 1997, and Goodwill Industries has occupied a portion of the current 28,277 SF suite since 1967 and has expanded into the full space in 2021. Both tenants have been long-term, stable tenants and occupy the entire 36,322 SF. The lease rates are quite reasonable at $11.17 NNN for Advanced Auto Parts and $12.00 NNN for Goodwill. This represents a 7.0 Capitalization Rate with increases as time goes by. See attached pro-forma for details. Traffic counts on Hwy 6 are 10,700 cars daily. Parking lot is shared with the facing building to the east, providing approximately 125 parking spaces, plus the shared spaces.
Location
- Street address
- 425 E Highway 6
- County
- Johnson County
- Elevation
- 650 feet
Directions
From Hwy 6, south on Boyrum, 1st drive on the right.
Property details
- Acreage
- 2.57 acres
- Zoning
- CC2
- MLS #
- ICAAR 202507280
- Posted
Property taxes
- Recent
- $103,166
Parcels
- 1015460002
Details and features
Listing
- Type
- Commercial Sale
Structure
- Heating
- Forced Air, Natural Gas
- Cooling
- Central Air
- Materials
- Frame
Interior
- Flooring
- Concrete
- Features
- Zerostepentry
Property utilities
| Category | Type | Status | Description |
|---|---|---|---|
| Gas | Natural Gas | Connected | — |
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Dec 11, 2025 | New listing | $5,500,000 | — | ICAAR |
