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2203-2221 Muscatine Ave Iowa City, IA 52240 • Commercial - Business • Active

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Description

Income producing multifamily property with strong long term redevelopment potential. The adjacent City owned parcel is also available. The combined site would create a signalized hard corner redevelopment opportunity with excellent visibility and traffic exposure. Rare opportunity to control a prominent intersection while generating income from the existing multifamily property. The land is .87 acres and with the City land it is another .20 acres for a total of 1.07 acres.

Property Highlights

Property Type: Commercial - Business
Year Built: 1930

General Information

County: Johnson
Listed By:
Skogman Realty Co. 319-625-6427 Mark Lynch
ICAAR MLS
$1,900,000
Est. $12,434/mo
New to the Market Active
SQUARE FEET17,662 MLS#202602162
STATUSActive PROPERTY TYPECommercial - Business
TOUR PROPERTY

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Agent Name: Candy Shamsie
 Agent Phone: (309) 721-7310
 Agency Title: Ruhl&Ruhl Realtors
 Agent Email:

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2203-2221 Muscatine Ave, Iowa City, IA 52240.

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Loan Type FHA 30 Year FixedVA 30 year fixed30 yr Jumbo
Purchase Price $1,900,000$1,900,000$1,900,000
Down Payment $66,500$0$380,000
Monthly Mortgage Amount $11,336$11,793$9,236
Taxes $2644$2644$2644
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $1,140$0$0
Monthly Estimated Total $15,674$14,991$12,434

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 04/02/2026. The listing information on this page last changed on 04/02/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Thu 04/02/2026 12:29:24 AM EST) or MRED MLS (last updated Wed 04/01/2026 4:16:28 PM EST) or SCWMLS (last updated Wed 04/01/2026 11:54:48 PM EST) or Rockford Board of Realtors (NWIAR) (last updated Wed 04/01/2026 10:16:50 PM EST) or Cedar Rapids MLS (last updated Wed 04/01/2026 10:44:17 PM EST) or NEIRBR MLS (last updated Thu 04/02/2026 12:28:45 AM EST) or ICAAR MLS (last updated Wed 04/01/2026 11:37:34 PM EST) or ECIMLS (last updated Wed 04/01/2026 11:44:15 PM EST) or RMLSA (last updated Thu 04/02/2026 12:20:59 AM EST) or Muscatine MLS (last updated Thu 04/02/2026 12:15:27 AM EST) or No Coast MLS (last updated Thu 04/02/2026 12:24:24 AM EST). Real estate listings held by brokerage firms other than Ruhl&Ruhl Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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