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850 S Capitol St

Iowa City, IA 52240
  • $7,000,000
  • STATUS: Active
  • ON SITE: 47 Days
  • MLS #: 202401175
UPDATED: 29 min ago
$7,000,000
  • 0
    BEDS
  • 1.65
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:
Area:

School Ratings & Info

Description

This 1.65 acres is the potential site for the next near downtown apartment building! The location is right at the NEC of S. Capitol St. & E. Benton St., just 7 blocks from the Old Capitol building, the core of downtown Iowa City & the center of the University of Iowa campus. It's priced at $7,000,000 which is just under $100 per foot for land cost. It is comprised of two lots plus the former CRANDIC Railroad ROW which has been abandoned & included with this site.. It is located in the Riverfront Crossings district with a form-based zone code allowing appropriate housing densities & parking requirements. More information on the Riverfront Crossings development plan is available on the City of Iowa City website at: https://www.icgov.org/government/advanced-components/misc-pages/search?q=riverfront%20crossings. There is currently a single-story commercial / office building on this site at 850 S. Capitol Street. The lot and building at 804 S. Capitol Street are not included in this offering, but is listed for sale and can be added to complete a nice building site. The price of 804 Capitol is $1,000,000. The value of this offering is in the land for future development and the pricing compares well with other parcels that have been developed and are under development near this site and in the Riverfront Crossing district. The value of this offering is in the land for future development and the pricing compares well with other parcels that have been developed and are under development near this site and in the Riverfront Crossing district.

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© 2024 Iowa City Area Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Johnson Team | Skogman Realty. Data last updated: 2024-04-18T21:29:59.867
www.gwenjohnson.com/homes/148175907
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850 S Capitol St Iowa City, IA 52240

  • Price: $7,000,000
  • Status: Active
  • On Site: 47 Days
  • Updated: 29 min ago
  • MLS #: 202401175
0
Beds
0
Baths
0
½ Baths
1.65
Acres
Neighborhood:
County Seat Addition
County:
Johnson
Area:
Iowa City
Property Description
This 1.65 acres is the potential site for the next near downtown apartment building! The location is right at the NEC of S. Capitol St. & E. Benton St., just 7 blocks from the Old Capitol building, the core of downtown Iowa City & the center of the University of Iowa campus. It's priced at $7,000,000 which is just under $100 per foot for land cost. It is comprised of two lots plus the former CRANDIC Railroad ROW which has been abandoned & included with this site.. It is located in the Riverfront Crossings district with a form-based zone code allowing appropriate housing densities & parking requirements. More information on the Riverfront Crossings development plan is available on the City of Iowa City website at: https://www.icgov.org/government/advanced-components/misc-pages/search?q=riverfront%20crossings. There is currently a single-story commercial / office building on this site at 850 S. Capitol Street. The lot and building at 804 S. Capitol Street are not included in this offering, but is listed for sale and can be added to complete a nice building site. The price of 804 Capitol is $1,000,000. The value of this offering is in the land for future development and the pricing compares well with other parcels that have been developed and are under development near this site and in the Riverfront Crossing district. The value of this offering is in the land for future development and the pricing compares well with other parcels that have been developed and are under development near this site and in the Riverfront Crossing district.
Exterior Features

Lot Size Acre Range OneToTwoAcres Lot Size Dimensions 90 x 105 Other Structures Other Road Frontage Type CountyRoadPaved Topography Level Vegetation Cleared

Property Features

Association Fee Text 0.0 Auction Online Bid YN No Buyer Financing CashConventional Community Features SidewalksStreetLightsCurbs Compensation Remarks 2 Current Use Agricultural Expiration Date 2024-09-06 Green Verification YN No Listing Terms CashConventional Possible Use CommercialOfficeOther Property Sub Type Commercial Section n/a Tax Annual Amount 74276 Tax Year 2022 Township n/a Utilities CableAvailableElectricityAvailableNaturalGasAvailableSewerAvailableCityWater Zoning CI-1

Listing information © 2024 Iowa City Area Association of Realtors.
Listing provided courtesy of Jeff Edberg of Lepic-Kroeger, REALTORS: 319-351-8811.



© 2024 Iowa City Area Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Johnson Team | Skogman Realty. Data last updated: 2024-04-18T21:29:59.867
 
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The Johnson Team | Skogman Realty
2530 Corridor Way
Coralville IA, 52241