125 E Burlington St., Iowa City Listing Details & Market Data

125 East Burlington Street, Iowa City, IA 52240

  • For Lease $18.00/SF/MO
  • Property Type Retail - Street Retail
  • Property Size 4,625 SF
  • Year Built 2019
  • Date Updated Nov 17, 2023
Riverside Dr east on Burlington St. Property is on the right side.The "Unimpaired Dry Bar" location is now for sublease. A subtenant may also buy the business assets valued at $175,000 but are not required to. The space is 4,625 square feet and is prominently located at 125 E. Burlington right on the first floor of the Edge building at Clinton and Burlington in downtown Iowa City. The lease terms are $18 per foot per year plus $4.00 for taxes and $2.75 for CAM and insurance. The current lease term to be assumed is through August 31, 2026, and the tenant shall have one option to renew the lease for one 5-year term. The escalation for this option is limited to 2.5% per year during the option period. The current rate of $18 NNN goes to $19 NNN on August 1, 2024, to $20 NNN to August 1, 2025 and through the end of the term. The current lease is use restricted as a non-alcoholic bar by the landlord, but the landlord has agreed to allow a bar serving alcohol if it stops alcohol service by midnight and agrees to limited noise during the later evening hours. The zoning is CB-10 allowing all retail and commercial uses on the main floor with a traffic count of 17,700 cars per day right in front of the establishment on Burlington Street.

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Highlights

  • Bar, restaurant, retail location at Clinton and Burlington Street in Downtown Iowa City.
  • 17,700 cars per day. CB-10 zoning allowing food, bar, retail and commercial uses.
  • Current tenant personal property available for $175,000.

Spaces Available

Contacts

broker

Jeff Edberg, CCIM, SIOR

Lepic-Kroeger, Realtors

(319) 331-6187

Location

Getting Around

  • Walk Score ®

    Walker's Paradise (92)
  • Transit Score ®

    Good Transit (58)
  • Bike Score ®

    Very Bikeable (87)
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  • City Iowa City, IA
  • Neighborhood Downtown Iowa City
  • Zip Code 52240

Points of Interest

  • Kum & Go

    0.17 miles

  • L&M Mighty Shop

    0.29 miles

  • BP

    0.43 miles

  • Casey's General Store

    0.44 miles

  • Mobile 1 Lube Express

    0.47 miles

  • Kum & Go

    0.57 miles

  • Kum and Go

    0.79 miles

  • BP

    0.94 miles

  • Hy-Vee Gas

    1.00 miles

  • BP

    1.12 miles

  • Court Street Ramp - Lot 12

    0.04 miles

  • Capitol Street Ramp - Lot 62

    0.10 miles

  • Dubuque Street Ramp - Lot 72

    0.10 miles

  • Lot 29

    0.16 miles

  • Recreation Center - Lot 11

    0.20 miles

  • Lot 22

    0.25 miles

  • Lot 64

    0.27 miles

  • Lot 51

    0.29 miles

  • Chauncey T. Swan Ramp - Lot 82

    0.29 miles

  • Tower Place Ramp - Lot 92

    0.29 miles

  • Vue Rooftop

    0.03 miles

  • JiangHu Asian Street Food

    0.05 miles

  • The Mill Restaurant

    0.05 miles

  • Blaze Pizza

    0.11 miles

  • Yotopia Frozen Yogurt

    0.12 miles

  • Noodles & Company

    0.12 miles

  • Seoul Grill

    0.13 miles

  • Freddy's

    0.13 miles

  • Hoja

    0.13 miles

  • Bubble Pop

    0.13 miles

  • Bread Garden Market

    0.13 miles

  • University Capitol Center

    0.14 miles

  • Target

    0.16 miles

  • New Pioneer Food Co-op

    0.36 miles

  • Bowery Street Grocery Store

    0.38 miles

  • John's Grocery

    0.46 miles

  • Hy-Vee

    1.05 miles

  • Aldi

    1.11 miles

  • Panaderia Acapulco 2

    1.22 miles

  • Walmart Supercenter

    1.28 miles

Contact Listing Broker

broker

Jeff Edberg, CCIM, SIOR

Lepic-Kroeger, Realtors

(319) 331-6187

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  2. 2Extra information