1 of 9
Tools
Size
1.65 Acres
Exterior
Financial
$6,500,000
Change Currency
$74,276
Annual taxes
Listing Details
Land
Property type
9808608
Web Id
202405320
MLS ID
5
Days Posted
Description
850 S Capitol St,
Iowa City,
IA
52240
Iowa City, IA 52240
1.65 acres in a prime LOCATION; 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 $6,500,000; approx $91 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 in the Riverfront Crossings District with a form-based zone code allowing appropriate housing densities & parking requirements. There is currently a single-story commercial / office building on this site. The lot and building directly to the north, 804 S. Capitol St, are not included in this offering but is listed for sale & 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 & the pricing compares well with other parcels that have been developed & are under development near this site & also in the Riverfront Crossing District.
This is an Active listing.
Broker Office Phone Number: 319-351-8811
Copyright © 2024Iowa City Area Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
This is an Active listing.
Broker Office Phone Number: 319-351-8811
Copyright © 2024Iowa City Area Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Price History
date | price | variance | type |
---|---|---|---|
9/19/2024 | $6,500,000 | 7.14 % | decreased |
2/29/2024 | $7,000,000 | - | Listed |
Listing By: Lepic-Kroeger, REALTORS via Data Source: Iowa City Area Association of REALTORS®
listing agent: Jeff Edberg