This 3-story building sits right on Emma Harvat Square, in the heart of the vibrant Peninsula Neighborhood, a 72-acre community with 403 homes, 8 businesses, & over 1,100 residents. For sale is the commercial restaurant space AND residential condo for $495,000. Designed as a neighborhood pub, this property is ready to become the gathering place of the community. Soaring 2 story ceilings, bar and dining space, huge wrap around exterior patio, interior mezzanine all supported by a fully equipped commercial kitchen. It is currently being operated as an Asian noodle restaurant but could easy be converted to your vision. The 2nd floor has additional prep/storage space & office. The 3rd floor is a stylish 2-bedroom 2 bath condo with park views. The unit will be a getting a refresh with new flooring & paint. A new owner will have flexibility to rent the unit or make it their own. Currentlly tenant occupied, requires 24 hour notice to show.
For sale
Price cut: $20K (10/8)
$495,000
1010 Martin St, Iowa City, IA 52245
2beds
3,046sqft
Condominium, Residential
Built in 2014
-- sqft lot
$470,500 Zestimate®
$163/sqft
$566/mo HOA
What's special
Bar and dining spaceInterior mezzaninePark viewsFully equipped commercial kitchen
- 187 days
- 408
- 16
Zillow last checked:
Listing updated:
Listed by:
Jeff Edberg 319-331-6187,
Lepic-Kroeger, REALTORS,
Adam Pretorius 319-400-2741,
Lepic-Kroeger, REALTORS
Source: Iowa City Area AOR,MLS#: 202602923
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 6
- Full bathrooms: 2
- 1/2 bathrooms: 4
Heating
- Natural Gas
Appliances
- Included: Dishwasher, Dryer, Microwave, Range Or Oven, Refrigerator, Washer
- Laundry: Upper Level
Features
- Other, Kitchen Island
- Flooring: LVP, Tile
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 3,046
- Total interior livable area: 3,046 sqft
- Finished area above ground: 3,046
- Finished area below ground: 0
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Parking Pad
- Has attached garage: Yes
- Has uncovered spaces: Yes
Features
- Exterior features: Balcony, Sprinkler System
Lot
- Features: Other
Details
- Parcel number: 1004327061
- Zoning: OPD5
- Special conditions: Standard
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium, Residential
- Attached to another structure: Yes
Materials
- Brick, Composit
- Foundation: Slab
Condition
- Year built: 2014
Details
- Builder name: Peninsula Dev. Co. LLC
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Near Shopping, Near Public Transport, Park, Street Lights
- Subdivision: Peninsula
HOA
- Has HOA: Yes
- Services included: Insurance, Exterior Maintenance, Trash, Maintenance Grounds, Management, Street Maintenance
- HOA fee: $6,792 annually
Location
- Region: Iowa City
Financial & listing details
- Price per square foot: $163/sqft
- Annual tax amount: $13,480
- Date on market: 5/1/2026
- Listing terms: Cash,Conventional
Estimated market value
$470,500
$447,000 - $494,000
$4,145/mo
Price history
| Date | Event | Price |
|---|---|---|
| 10/8/2026 | Price change | $495,000-3.9%$163/sqft |
Source:  Iowa City Area AOR #202602923 Report a problem | ||
| 5/1/2026 | Listed for sale | $515,000-2.6%$169/sqft |
Source: Iowa City Area AOR #202602923 Report a problem | ||
| 5/1/2026 | Listing removed | $529,000$174/sqft |
Source: Iowa City Area AOR #202506804 Report a problem | ||
| 11/4/2025 | Listed for sale | $529,000-2.9%$174/sqft |
Source: Iowa City Area AOR #202506804 Report a problem | ||
| 10/31/2025 | Listing removed | $545,000$179/sqft |
Source: Iowa City Area AOR #202406406 Report a problem | ||
| 4/8/2025 | Price change | $545,000-3.5%$179/sqft |
Source: Iowa City Area AOR #202406406 Report a problem | ||
| 11/16/2024 | Listed for sale | $565,000$185/sqft |
Source: Iowa City Area AOR #202406406 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Peninsula Area
Nearby schools
Schools provided by the listing agent
- Elementary: Lincoln
- Middle: Southeast
- High: City
Source: Iowa City Area AOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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