For sale

$515,000

1010 Martin St, Iowa City, IA 52245

2beds

3,046sqft

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Condominium, Residential

Built in 2014

-- sqft lot

$498,200 Zestimate^®

$169/sqft

$566/mo HOA

What's special

Bar and dining spaceInterior mezzaninePark viewsFully equipped commercial kitchen

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 $515,000. 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.

73 days

276

5

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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

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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: $169/sqft
Annual tax amount: $13,480
Date on market: 5/1/2026
Listing terms: Cash,Conventional

Estimated market value

$498,200

$473,000 - $523,000

$2,940/mo

Price history

Date	Event	Price
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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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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Climate risks

Neighborhood: Peninsula Area

Getting around

33 / 100

Car-Dependent

35 / 100

Some Transit

57 / 100

Bikeable

Nearby schools

GreatSchools rating

8/10
Lincoln Elementary School
Grades: PK-5Distance: 0.7 mi
5/10
Southeast Junior High School
Grades: 6-8Distance: 3.6 mi
7/10
Iowa City High School
Grades: 9-12Distance: 2.9 mi

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.