Price: $4,750,000 - MLS: 202506409
This 1.59 acres of land for redevelopment offering is within the Riverfront Crossing District & near city center at 305 & 315 E Prentiss St & 625 S Gilbert St, Iowa City. The site has been approved by the City of Iowa City for 382 beds in 192 units (50 one-bed, 94 two-bed and 48 three-bed). This requires 298 parking spaces and 150 of those were proposed to be built on-site with 148 using fee-in-lieu so construction is not required for those. Additionally, 121 bike parking spaces are required. All parties are encouraged to confirm City approvals with the City of Iowa City. The current owner is going to raze all buildings on site before closing at current owner's cost. See associated documents for comparable sales.
MLS #: 202506409
Price: $4,750,000
Lot Size: One To Two Acres
Acreage: 1.59
Lot Dimensions: Irregular
Potential Use: Residential
Zoning: CI1 CC2 RFC
Other Structures: None
Utilities: Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Phone Available, City Water
Frontage: County Road, Paved, Other
Information deemed reliable but not guaranteed
 | Edge Realty Group 319-351-3355 |
Listing Office: Lepic-Kroeger, REALTORS - Agent: Jeff Edberg - Information furnished by Iowa City Area Association of Realtors