1 of 5

2 of 5

3 of 5

4 of 5

5 of 5

•  Media
• Map
• Street View

1410 S 1st Ave
Iowa City, IA 52240

$6,008,766 USD

Office For Sale  •  23,553 SF

Property Details

• Property Type Office
• Total Building Size 32,200 SF
• Lot Size 2.88 AC
• Building Class C
• Year Built 1967
• Cap Rate 9.00 %
• Tenancy Single
• Zoning C-Commercial

40 Transit Score

50 Walk Score

Highlights

1st Generation Lease: Redeveloped for the VA in 2023, this tenant signed a 20-year lease, 10 years of which are firm (non-cancellable)

Home of the University of Iowa: The largest employer in the city, along with the UI Health Care System, Iowa City offers market stability and growth.

Healthcare & Education Sectors: Over 22,000 people work in Healthcare in Iowa City, which is a significant portion of the working population.

Serves 50,000 Veterans Annually: The Iowa City VA Healthcare system serves roughly 50,000 Veterans annually across 53 counties

Cap Rate:

9.00 %

Major Tenants

Tenant	SF Occupied	Lease End Date
United States Department of Veterans Affairs		12/1/2043

Public Transportation

Airport	Drive	Walk	Distance
The Eastern Iowa	38 min	-	26.7 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	146
Type:	Surface
Included in Rent:	Yes