Active
640 Hwy 1 W
Iowa City IA, 52246
$2,300,000
Active
Commercial
Built in 2007
Former Farmers Savings Bank building at 640 Hwy 1 W, Iowa City is for sale. This space is highly visible and ideally located and configured for a bank, credit union or other financial institution. Daily traffic count is 23,400 cars per day and the zoning is CC2 allowing office and retail uses. The bank portion is vacant & consists of 5,277 SF plus a bank drive through of 660 SF. The bank suite is set up with 7 hard wall offices, several cubicles, teller stations, drive-through stations, work areas, conference room, electronic demark room, mechanical and storage areas. There is a cash vault, main vault, security system and personal property expected in a bank. The furniture, security cameras, cash machine change counter and ATM are negotiable. The building generates income from 2 long-term leases. Jensen Eye Care occupies 3,137 SF with exceptional build out, There is a second lease for 500 ft of exterior space for a cell tower. Lease information is available after first signing an NDA provided in Assoc. Docs. Jensen Eye Care requires 24 hour notice for showings with confirmation. See floor plans in photos.
202400533
MLSⓇ ID
January 31, 2024
Listed
May 9, 2024
Updated
Map
640 Hwy 1 W
Iowa City IA, 52246
Interior Features
Interior Features
Zero Step Entry
Floor Description
Carpet, Ceramic Tile, Vinyl
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Natural Gas, Forced Air
Exterior/Building Features
Lot Size
0.19 Acres
Roof
Composition
Other Property Details
Taxes
$69,000
Tax Frequency
Annually
Garage
No
View
No
County
Johnson
Pool
No
Zoning
CC2
Courtesy of Lepic-Kroeger, REALTORS, ,
Listing Contact: 319-331-6187
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor The Jill Armstrong Team shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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