Steffes Group


Iowa City, Iowa Downtown Commercial Real Estate Auction

Today Steffes Group had the honor of auctioning a historic Iowa City, IA property located at 117, 119, 121, & 123 College Street. 

Property Information:

Storefronts with over 27,000 sq. ft of space! The 3 storefronts have tenants in place, upper levels have redevelopment potential. 

Having not changed hands in over 94 years made this a once in a lifetime offering of a historic commercial building located in the vibrant downtown district of Iowa City.

Steffes Group was honored to be selected to sell the Ruth V. Swisher Revocable trust, utilizing the auction method of marketing to sell this remarkable property. This auction presented a rare opportunity for the real estate investor, developer, or entrepreneur. 


Auction information:

Steffes Group had 48 registered bidders; 40 live on-site from the Lehman Ballroom at hotelVetro, 8 were online at SteffesGroup.com. The auction last approximately 30 minutes and ending with a winning bid of $2,900,000.