Iowa City, Iowa, offers a unique opportunity for investors to capitalize on the growing demand for warehouses. With a population of over 74,000 and a strong presence of major employers like the University of Iowa Hospitals and Clinics (UIHC) and ACT college testing services, the city provides a stable economic foundation for businesses to thrive. Warehouses in Iowa City can serve as a hub for logistics, distribution, and manufacturing, taking advantage of the city's strategic location along the Iowa River and its proximity to major transportation routes like Interstate 80. The city's infrastructure, including the Iowa City Municipal Airport and the Eastern Iowa Airport, further supports the growth of warehouse-based businesses. Additionally, Iowa City's highly educated workforce, with over 50% of residents holding a bachelor's degree or higher, provides a skilled labor pool for companies looking to establish or expand their operations.
Currently, there are 2 warehouses for sale in Iowa City, offering a range of options for investors. The average price per square foot for these properties is $101 USD, with an average size of 331,734 square feet. The largest warehouse available measures 346,062 square feet. In addition to warehouses, Iowa City also offers a range of other commercial properties, including industrial properties, land, residential income homes, and commercial real estate. Industrial properties in Iowa City can be found near major transportation routes, providing easy access to markets and suppliers. Land for sale in the area offers opportunities for development and expansion. Residential income homes in Iowa City can provide a steady stream of rental income, while commercial real estate properties, such as office buildings and retail spaces, can serve as a hub for local businesses. Overall, Iowa City's diverse range of commercial properties makes it an attractive location for investors looking to expand their portfolio.
What are the key features investors look for in warehouses in Iowa City?
When searching for warehouses in Iowa City, investors typically look for key features that ensure a profitable and efficient operation, including:
- Location: proximity to major transportation hubs, such as the Iowa City Municipal Airport and Interstate 80, to facilitate easy shipping and receiving of goods.
- Space and layout: ample square footage, such as the average size of 331,734 square feet, and a functional layout that accommodates their specific needs, with some warehouses offering up to 346,062 square feet of space.
- Return on investment: a competitive average price per square foot of $101 USD and an average cap rate of 6.67%, which can help investors gauge the potential return on their investment.
What size warehouses are available to buy in Iowa City?
Warehouse sizes available for purchase in Iowa City range from approximately 331,734 square feet to 346,062 square feet, offering a variety of options for businesses and investors looking to own a warehouse in the area.
How much does it cost to buy a warehouse in Iowa City?
Currently, there are 2 warehouses for sale in Iowa City, with an average price per square foot of $101 USD and an average size of 331,734 square feet, ranging from smaller facilities to larger ones with a maximum size of 346,062 square feet.
