Old Capitol Mall located directly across from the University of Iowa

The Old Capitol Mall was previously known as the Old Capitol Town Centre. The mall is located downtown of Iowa City, the University of Iowa main campus is directly adjacent to the mall. The mall has many retail stores, restaurants and university offices within the building.

The mall opened in 1981 as the Old Capitol Centre and was renamed the Old Capitol Mall in 1995 with a new logo that came from the inspiration of the Old Capitol buildings dome. The mall used to have department stores such as JC Penny and Younker on the premises along with the Campus Theaters.

In 1998 a large mall opened in Coralville and offered more stores and better services such as free parking to shoppers. This had a major impact on the Old Capitol Mall. Younkers could not justify keeping their store open as business was not going well as it was at the Coralville store. Many retailers who also had stores at Coralville did not renew their leases at Old Capitol when they expired.

A book market that sold out of print books set up in the old JC Penny site after the Iowa City public library decided against moving to the site. A family fun centre, Planet X was set up in 2001 to try and entertain the students and curb their alcohol use, but could not maintain visitor numbers and was closed two years later. A church group known as the 24-7 Young Adult Ministry now occupies the old JC Penny site.

The mall was purchased by Madison Realty Group in 1998 and changed the name of the mall again, back to Old Capitol Town Centre in 2000.

The lower level of the mall has an Osco Drug store which is the store of its kind in the downtown area and is the largest store at the mall. A high speed internet gaming arcade, Linx, is located in the mall along with a Verizon Wireless retailer, a tax preparer, Hair Salon and a LS Nails salon.

The mall receives majority of the shoppers from University of Iowa students.

Stores within the mall include Beat the Bookstores, Eicher Florist, Gamers, Hills Bank and The University of IA Hawk Shop, Book Shop and Computer Shop.

Dining options include Buffalo Wild Wings, Cookies and More, Quizno's Subs, Seoul Grill, Sushi Kitchen, Sweets & Treats and Taco Bell. The Gazette Communications are also located within the mall.

The Cedar Rapids Gazette, which is Iowa City's news bureau, now has offices located in the old Younkers site of the mall.

The University of Iowa has moved their International Programs to the mall. These include the English as a Second Language Program and the UI Hospitals & Clinics patient financial services administrative staff. Student classrooms have also been added to the mall.