2 Acres of Improved Commercial Land for Sale in Iowa City, Iowa
640 Highway 1 W, Iowa City, IA 52246
Former Farmers Savings Bank building at 640 Hwy 1 W, Iowa City is for sale. This space is highly visible and ideally located and configured for a bank, credit union or other financial institution. Daily traffic count is 23,400 cars per day and the zoning is CC2 allowing office and retail uses. The bank portion is vacant & consists of 5,277 SF plus a bank drive through of 660 SF. The bank suite is set up with 7 hard wall offices, several cubicles, teller stations, drive-through stations, work areas, conference room, electronic demark room, mechanical and storage areas. There is a cash vault, main vault, security system and personal property expected in a bank. The furniture, security cameras, cash machine change counter and ATM are negotiable. The building generates income from 2 long-term leases. Jensen Eye Care occupies 3,137 SF with exceptional build out, There is a second lease for 500 ft of exterior space for a cell tower. Lease information is available after first signing an NDA provided in Assoc. Docs. Jensen Eye Care requires 24 hour notice for showings with confirmation. See floor plans in photos.
Directions
Hwy 1 W located next to Culvers and across the street from Aldi's.
Property details
- County
- Johnson County
- Zoning
- CC2
- Elevation
- 682 feet
- MLS Number
- ICAAR 202400533
- Date Listed
Parcels
- 1016433001
Property taxes
- Year not provided
- $69,000
Detailed attributes
Listing
- Type
- Commercial
Structure
- Materials
- Brick
- Roof
- Composition Shingle
- Cooling
- Central A/C
- Heating
- Natural Gas
Interior
- Floors
- Carpet, Tile, Vinyl
Property utilities
Category | Type | Status | Description |
---|---|---|---|
Gas | Natural Gas | Connected | — |
Listing history
Date | Event | Price | Change | Source |
---|---|---|---|---|
Mar 13, 2024 | Relisted | $2,300,000 | — | ICAAR |
Mar 12, 2024 | Listing removed | $2,300,000 | — | — |
Jan 31, 2024 | New listing | $2,300,000 | — | ICAAR |