Leased office builiding fully renovated in 2008. Owner is occupying 1,375 feet and will vacate upon sale. Re-lease rate is $11.50 NNN. Building is covered by flood insurance, and City is buiding a levy from Hills Bank to the RR bridge west of this building. 11,700 cars per day on Gilbert Street. Over 9% cap rate with actual numbers after owner suite is re-leased.
Off market
$435,200
1519 S Gilbert St, Iowa City, IA 52240
--beds
--baths
8,748sqft
SingleFamily
Built in 1984
0.68 Acres Lot
$435,200 Zestimate®
$50/sqft
$1,585 Estimated rent
Owner options
What's special
Sell for more on Zillow
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$435,200
2% more+$8,704
With Zillow Showcase(estimated)$443,904