2346 Mormon Trek Blvd, IowaCity, IA 52246
Johnson County
Key Facts
Description
The Grandview Building on Mormon Trek Blvd is a class A Building with 28,545 square feet of space. It has two surface parking lots as well as underground parking. It is fully leased with a gross income of $521,019 and a net operating income of $284,880. The capitalization rate is 6.0%. The tenants include Covenant Family Solutions, Alberhasky Eye, United Iowa Financial, Lepic-Kroeger, Realtors, City Construction, Willow Creek Dentistry and Susan Mimms Financial. The total leased space is 25,246 and is fully elevator served from the lower level garage to the second floor. Specific leases and financial information are available upon the recipient signing a non-disclosure agreement, which is attached as an associated document.
Property Information
Property Type
Commercial Sale
Year Built
1996
Lot Size
1.45 acres
Lot Dimensions
Irregular
Zoning
CO1
MLS® Listing#
202604338
Property Features
Interior
Cooling
Heating
Flooring
Construction
Roof
Utilities
Water Source
Financial Details
Annual Taxes
$145,610
Tax year 2023
Parcel Number
1020157004
Directions
At the intersection of Mormon Trek Blvd & West Side Dr.
Affordability Calculator
$950,000
Estimated monthly payment
$25,281/mo
Principal $3,800,000 · Est. interest $5,301,338 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in IowaCity, IA
- $358,621
- Median Listing Price
- 68
- Median Days on Market
- 1,797
- Median Sq Ft
- $196
- Median Price / Sq Ft
- 260
- Active Listings
- This home’s price is 1225% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in IowaCity, IA.
Location
Points of Interest in IowaCity, IA
Showing the IowaCity area map.
Nearby Schools
Horn Elementary School
Elementary · 0.9 mi away
West High School
Secondary · 1.4 mi away
Melrose Day Care Center
Elementary · 1.6 mi away
Weber Elementary School
Elementary · 1.7 mi away
Lincoln Elementary School
Elementary · 2.2 mi away
University of Iowa Department of Cinematic Arts
School · 2.2 mi away
Mark Twain Elementary School
Elementary · 2.7 mi away
Coralville Central Elementary
Elementary · 2.7 mi away
Longfellow Elementary School
Elementary · 2.7 mi away
Norman Borlaug Elementary School
Elementary · 2.9 mi away
Alexander Elementary
Elementary · 2.9 mi away
Mann Elementary School
Elementary · 2.9 mi away
Grant Wood Elementary School
Elementary · 3.1 mi away
Tate High School
Secondary · 3.2 mi away
Northwest Junior High School
Secondary · 3.3 mi away
Prince of Peace Christian Preschool
School · 3.3 mi away
Pci Academy Iowa City
School · 3.3 mi away
Kirkwood Elementary School
Elementary · 3.5 mi away
Iowa City High School
Secondary · 3.5 mi away
Southeast Junior High School
Secondary · 3.5 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 732,736,740 Michael St., IowaCity, IA | $3,650,000 | — | 2 | 16,128 |
| Lots 6, 7, & 8 Iwv Commercial Park, IowaCity, IA | $3,959,386 | — | — | — |
| 305 E Prentiss St, IowaCity, IA | $4,750,000 | — | — | — |
| 425 E Hwy 6, IowaCity, IA | $4,995,000 | — | — | — |
Moving Cost Estimate
EXIT Agents in IowaCity
Listing Courtesy: Lepic-Kroeger, REALTORS - 3193518811
Presented by: Jeff Edberg