Active

850 S Capitol St

Iowa City IA, 52240

$6,500,000


Active

Commercial

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.

202405320

MLS ID

September 17, 2024

Listed

October 18, 2024

Updated

Map

850 S Capitol St
Iowa City IA, 52240

Interior Features

Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

1.65 Acres

Other Property Details

Taxes

$74,276


Tax Frequency

Annually


Association Fee Frequency

Yearly


Garage

No


View

No


County

Johnson


Municipality

n/a


Pool

No


Zoning

CI-1

 

Courtesy of Lepic-Kroeger, REALTORS, ,
Listing Contact: 319-331-6187 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor The Jill Armstrong Team shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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