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Investment Highlights

  • Ground-floor commercial space with a flexible design suitable for retail, office, or service businesses.
  • Convenient access to Iowa City, Cedar Rapids, and regional transportation routes.
  • Two upper-level apartments currently leased at $1,500 per unit, providing immediate rental income.
  • Walkable location surrounded by local businesses, dining, and community services.

Executive Summary

This mixed-use property in the heart of downtown Solon offers an exceptional opportunity for investors or owner-users seeking steady income and growth potential. Featuring two fully leased upper-level apartments generating $3,000 monthly combined income, the property provides in-place cash flow from day one. The ground-level commercial space, approximately 2,312 SF, offers strong visibility along N Iowa Ave and flexible configuration options suitable for retail, office, or service-based tenants. Buyers can capitalize on upside potential through leasing the main-floor unit, which is currently available at market-competitive terms.
Located in Solon’s central business district, the property benefits from heavy local traffic, strong residential density, and accessibility to major roadways connecting to Iowa City and Cedar Rapids. This dual-income structure creates long-term stability in a growing community while offering adaptability for a variety of commercial users.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,312 SF
Building Class
B
Year Built
1954
Price
$1,000,000
Price Per SF
$432.53
Percent Leased
Vacant
Building Height
2 Stories
Building FAR
0.88
Lot Size
0.06 AC

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 1,156 SF
  • Retail
  • -
  • Now

Positioned prominently within downtown Solon, this main-level commercial space offers approximately 2,312 SF of versatile layout for retail, service, or office users. With strong pedestrian presence and convenient access to local amenities, businesses can take advantage of high visibility on a primary corridor in a vibrant, well-trafficked setting. The open floor plan allows for customization, while ample nearby parking and easy access from major routes ensure steady customer flow.

  • 1st Floor
  • 1,156 SF
  • Retail
  • -
  • Now

Positioned prominently within downtown Solon, this main-level commercial space offers approximately 2,312 SF of versatile layout for retail, service, or office users. With strong pedestrian presence and convenient access to local amenities, businesses can take advantage of high visibility on a primary corridor in a vibrant, well-trafficked setting. The open floor plan allows for customization, while ample nearby parking and easy access from major routes ensure steady customer flow.

Space Size Space Use Position Available
1st Floor 1,156 SF Retail - Now
1st Floor 1,156 SF Retail - Now

1st Floor

Size
1,156 SF
Space Use
Retail
Position
-
Available
Now

1st Floor

Size
1,156 SF
Space Use
Retail
Position
-
Available
Now

1st Floor

Size 1,156 SF
Space Use Retail
Position -
Available Now

Positioned prominently within downtown Solon, this main-level commercial space offers approximately 2,312 SF of versatile layout for retail, service, or office users. With strong pedestrian presence and convenient access to local amenities, businesses can take advantage of high visibility on a primary corridor in a vibrant, well-trafficked setting. The open floor plan allows for customization, while ample nearby parking and easy access from major routes ensure steady customer flow.

1st Floor

Size 1,156 SF
Space Use Retail
Position -
Available Now

Positioned prominently within downtown Solon, this main-level commercial space offers approximately 2,312 SF of versatile layout for retail, service, or office users. With strong pedestrian presence and convenient access to local amenities, businesses can take advantage of high visibility on a primary corridor in a vibrant, well-trafficked setting. The open floor plan allows for customization, while ample nearby parking and easy access from major routes ensure steady customer flow.

Fairly walkable
50/100
Very drivable
80/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
0224311004
Land Assessment
$16,600
Improvements Assessment
$379,100
Total Assessment
$395,700
  • Listing ID: 41123673

  • Date on Market: 7/1/2026

  • Last Updated:

  • Address: 112 N Iowa St, Solon, IA 52333

Contact the Sale Advisor

112 N Iowa St

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