4
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$1,700,000
Est. payment /mo
0.55 Acres Lot
Active
1020 S Gilbert St Iowa City, IA 52240
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Key Details
Property Type Vacant Land
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 202603841
HOA Y/N No
Annual Tax Amount $4,914
Tax Year 2024
Lot Size 0.550 Acres
Acres 0.55
Lot Dimensions Irregular
Property Sub-Type Commercial
Property Description
Riverfront Crossing District Development Site at 1020 Gilbert Street & 320 First Street, Iowa City. Multi-housing development opportunity located in the highly sought-after Riverfront Crossing District, benefiting from the district's form-based zoning incentives designed to encourage dense, mixed-use urban projects. The zoning framework supports a ground-floor commercial component, which may also incorporate building management or recreational amenities, with apartments or condominiums above rising to six to seven stories. The site consists of approximately .55 acres, offered at $1,700,000, equating to approximately $71 per square foot. A garage currently used by the owner occupies the property, allowing for immediate redevelopment with no tenant relocation concerns. An assemblage opportunity exists with the contiguous parcel to the north, creating a combined 1.13-acre development site with a total offering price of $3,500,000. The property offers convenient access from the south via First Street and is ideally positioned near entertainment, dining, shopping, and public transportation, just minutes from downtown and the University of Iowa campus.
Location
State IA
County Johnson
Zoning CI1 RFC
Direction Northeast corner of the S Gilbert St and E 1st St intersection
Rooms
Other Rooms Garages
Exterior
Community Features Sidewalks, Street Lights, Close To School, Close To Shopping, Curbs
Utilities Available Sewer Available, City Water
Waterfront Description Other
Present Use Other
Topography Other
Building
Lot Size Range Half To One Acre
Others
Tax ID 1015301006, 1015301007
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Standard
Listed by Lepic-Kroeger, REALTORS
NEARBY SCHOOL & BUSINESS
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