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.

©2024 Iowa City Area Association of REALTORS (ICAAR). All rights reserved.

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