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121 W Benton St. Iowa City, IA 52246 • Commercial - Business • Active

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Description

Two NNN investment opportunities available separately in Iowa City ? a proven university market with stable long-term demand. Both properties are absolute NNN with tenants handling operating expenses, offering low-management income for the right buyer. 121 W Benton Street is the anchor of the two, a single-tenant absolute NNN with over 7 years remaining on a 10-year lease, annual rent bumps, and two 10-year renewal options extending the investment horizon well into the future. Priced at $1,350,000 at a 7.42% cap rate. 824 Orchard Street priced at approximately a 7.14% cap on current income. Current lease runs through March 2027 with a renewal option, and the building suits a range of service-oriented uses. Properties may be purchased separately. Both are well-positioned in Iowa City's commercial core, with easy access and established tenant bases. Contact listing agent for details on either or both.

Property Highlights

Property Type: Commercial - Business
Year Built: 1974

General Information

County: Johnson
Listed By:
Skogman Realty Co. Mark Lynch 319-625-6427
ICAAR MLS
$1,585,000
Est. $11,426/mo
Active
SQUARE FEET6,760 MLS#202605963
STATUSActive PROPERTY TYPECommercial - Business
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Agent Name: Leslie Roland
 Agent Phone: (309) 644-2774
 Agency Title: Ruhl&Ruhl Realtors
 Agent Email:

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121 W Benton St., Unit 824 Orchar, Iowa City, IA 52246.

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Loan Type FHA 30 Year FixedVA 30 year fixed30 yr Jumbo
Purchase Price $1,585,000$1,585,000$1,585,000
Down Payment $55,475$0$317,000
Monthly Mortgage Amount $10,354$10,908$8,758
Taxes $2206$2206$2206
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $952$0$0
Monthly Estimated Total $13,974$13,576$11,426

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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 10/21/2026. The listing information on this page last changed on 10/21/2026. 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 Wed 10/21/2026 4:02:09 AM EST) or MRED MLS (last updated Wed 10/21/2026 2:36:42 AM EST) or SCWMLS (last updated Tue 10/20/2026 11:55:20 PM EST) or Rockford Board of Realtors (NWIAR) (last updated Tue 10/20/2026 10:15:17 PM EST) or Cedar Rapids MLS (last updated Tue 10/20/2026 10:45:01 PM EST) or NEIRBR MLS (last updated Wed 10/21/2026 1:18:42 AM EST) or ICAAR MLS (last updated Tue 10/20/2026 11:37:26 PM EST) or ECIMLS (last updated Tue 10/20/2026 11:44:34 PM EST) or RMLSA (last updated Wed 10/21/2026 1:10:57 AM EST) or Muscatine MLS (last updated Wed 10/21/2026 2:00:10 AM EST) or No Coast MLS (last updated Wed 10/21/2026 12:44:23 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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