1010 Martin St, Iowa City, IA, 52245
About This Home
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 is currently getting a refresh with new flooring & paint. A new owner will have flexibility to rent the unit or make it their own.
Getting Around
Car-Dependent
Some Transit
BikeableSchools
Construction
Condition
- Year built: 2014
Materials
- Foundation: Slab
- Construction materials: Brick,Composit
Other
- Builder name: Peninsula Dev. Co. LLC
Type & Style
- Home type: Condo
- Property subType: Condominium,Residential
Interior
Appliances
- Appliances included: Dishwasher,Dryer,Microwave,Range Or Oven,Refrigerator,Washer
- Laundry features: Upper Level
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 6
- Full bathrooms: 2
- 1/2 bathrooms: 4
Features
- Other,Kitchen Island
- Flooring: LVP,Tile
- Fireplace features: None
- Finished area below ground: 0
- Finished area above ground: 3,046
Heating
- Heating features: Natural Gas
Interior Area
- Total structure area: 3,046
- Total interior livable area: 3,046 sqft
Property
Details
- Parcel number: 1004327061
- Attached to another structure: Yes
- Zoning: OPD5
- Special condition: Standard
Features
- Exterior features: Balcony,Sprinkler System
Lot
- Features: Other
Parking
- Total spaces: 2
- Parking features: Parking Pad
- Has garage: Yes
- Has uncovered spaces: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Strong Wind
- Tornado
- Cold Wave
- Hail
- Winter Weather
- Heat Wave
- Inland Flooding
- Ice Storm
- Lightning
How This Home’s Risks Compare
FEMA Declared Disasters Across Iowa Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,604 | $31,248 |
| Home Insurance * | $219 | $2,628 |
| Property Taxes | $600 | $7,200 |
| Electricity | $227 | $2,726 |
| Total | $3,650 | $43,800 |
Income You'd Need if You Spent...
Iowa FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-01 | Listed for sale | $515,000 |
| 2026-05-01 | Listing removed | $529,000 |
| 2025-11-04 | Listed for sale | $529,000 |
| 2025-10-31 | Listing removed | $545,000 |
| 2025-04-08 | Price change | $545,000 |
| 2024-11-16 | Listed for sale | $565,000 |
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