1602-1646 Sycamore St | Iowa City, IA 52240
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- LoopNet Team
1602-1646 Sycamore St
Iowa City, IA 52240
Iowa City Market Place · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 80% Occupied Power Center Anchored By the First Ollie's in the State of Iowa, With Best in Class Co-Tenancy of JoAnn, Planet Fitness Etc.
- The Subject Property is Located Along a High Traffic Corridor (+/- 40,000 VPD), Just 2-Miles Southeast of The University of Iowa
- Prior LOI With Five Below, Showing Continued Demand From National Retailers
- Immediate Upside With Backfilling the Vacant Spaces, as Well as Outparcel Arbitrage With the Outparcel Strip Center
- New Ollie’s Anchor Tenancy (First Ollie's in the State of Iowa)
- Seven (7) Suites Totaling 48,208 SF of Vacancy Available For Future Upside - 20% of the GLA
PROPERTY FACTS
Property Type
Building Size
244,182 SF
Building Class
B
Year Built
1988
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.25
Lot Size
22.00 AC
Parking
1,373 Spaces (5.62 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Enclosed Mall
PROPERTY TAXES
| Parcel Number | 1014457007 | Improvements Assessment | $10,795,370 |
| Land Assessment | $4,081,300 | Total Assessment | $14,876,670 |
PROPERTY TAXES
Parcel Number
1014457007
Land Assessment
$4,081,300
Improvements Assessment
$10,795,370
Total Assessment
$14,876,670
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