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.
202406578
MLSⓇ ID
December 3, 2024
Listed
December 10, 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
$84,300
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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