2610 Northgate DrIowa City, IA 52245

  • Commercial real estate
  • 58,007 SF
For Sale
$3,900,000 View listing

Property Details for 2610 Northgate Dr

Year built
2002
Construction
STEEL FRAME
Lot size
7.52 AC
Property size (Sq ft)
58,007 SF
Property type
Commercial real estate
APN
736303005
APU
736303005

Description

This exceptional 57,453-square-foot office building is available for purchase at $3,900,000 ($67.88/sq ft). Strategically located at 2610 Northgate Drive in Iowa City, Iowa (zip code 52245), this property enjoys a highly convenient location just off the N Dodge Street exit of Interstate 80. The building boasts a wealth of amenities designed for both employee comfort and operational efficiency. These include a dedicated employee center, providing a comfortable and productive workspace for staff. A backup generator ensures business continuity during power outages, while a secure server room safeguards valuable data. Ample parking is available on-site, addressing the parking needs of employees and visitors. Currently, a tenant occupies the lower level of the building, providing a stable income stream. The building's proximity to a variety of hotels, restaurants, and retail establishments further enhances its appeal and provides convenience for occupants and visitors. This presents a unique opportunity to acquire a well-maintained and strategically located office building in a thriving Iowa City market. The property is situated in Johnson County, Iowa, and its address is 2610 Northgate Drive. The building's traditional office layout is ideal for a variety of businesses.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $17,763,604
    Hospitality
    $16,271,366
    Educational
    $13,537,586
    Medical
    $14,003,164
    Retail
    $21,058,466

Location Insight

City
Iowa City
County
Johnson
State
Iowa
Latitude
41.6905
Longitude
-91.4943
CBSA code
26980
CBSA name
IOWA CITY, IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$348,928
$1,679,800
$5,858,500
$7,538,300
-
$1,679,800
$5,858,500
$7,538,300

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