Iowa City, Iowa, is home to a diverse range of shopping centers, offering a unique blend of local boutiques, national retailers, and dining options. With a population of over 74,000 and a strong presence of the University of Iowa, shopping centers in Iowa City are an attractive investment opportunity. Shopping centers can represent a variety of investments, from retail and dining to entertainment and services. In Iowa City, shopping centers like the Coral Ridge Mall and the Iowa City Marketplace offer a range of amenities, including restaurants, movie theaters, and department stores. The city's infrastructure, including public transportation and bike paths, makes it easy for customers to access these shopping centers. Additionally, Iowa City's location along the Iowa River and its proximity to the University of Iowa make it an attractive location for businesses and travelers alike. Visitors to the city can enjoy attractions like the Old Capitol building, the University of Iowa Art Museum, and Plum Grove, making Iowa City a great place for business and travel.
Currently, there are 3 shopping centers for sale in Iowa City, offering a range of investment opportunities. The average price per square foot for these properties is $213 USD, with an average size of 40,692 square feet. The largest property available is 52,717 square feet. In addition to shopping centers, Iowa City also offers a range of other property types, including restaurants, specialty properties, land, and office properties. Restaurants in Iowa City can be found in popular areas like the Pedestrian Mall and downtown Iowa City. Specialty properties, such as the Englert Theatre and FilmScene, offer unique cultural and entertainment opportunities. Land for sale in Iowa City can be found in areas like the Iowa River Corridor and the University of Iowa's research park. Office properties, like those found in the downtown area, offer a range of space for businesses and entrepreneurs. With its diverse range of property types and strong local economy, Iowa City is an attractive location for investors and businesses alike.
What is the average cap rate for shopping centers in Iowa City?
For investors seeking shopping centers in Iowa City, it's essential to understand the average cap rate, which currently stands at 6.72%.
