305 E Prentiss St, IowaCity, IA 52240
County Seat Addition · Johnson County
Key Facts
Description
This 1.59 acres of land for redevelopment offering is within the Riverfront Crossing District & near city center at 305 & 315 E Prentiss St & 625 S Gilbert St, Iowa City. The site has been approved by the City of Iowa City for 382 beds in 192 units (50 one-bed, 94 two-bed and 48 three-bed). This requires 298 parking spaces and 150 of those were proposed to be built on-site with 148 using fee-in-lieu so construction is not required for those. Additionally, 121 bike parking spaces are required. All parties are encouraged to confirm City approvals with the City of Iowa City. The current owner is going to raze all buildings on site before closing at current owner's cost. See associated documents for comparable sales.
Property Information
Property Type
Land
Sub-Type
Unimproved Land
Lot Size
1.59 acres
Lot Dimensions
Irregular
Zoning
CI1 CC2 RFC
MLS® Listing#
202506409
Property Features
Other Structures
Community
Utilities
Water Source
Schools
- Elementary:
- Longfellow
- Middle:
- Southeast
- High:
- City
Financial Details
HOA
None
Annual Taxes
$109,454
Tax year 2024
Parcel Number
Multi
Directions
Just west of the Prentiss and Gilbert St intersection.
Affordability Calculator
$950,000
Estimated monthly payment
$25,281/mo
Principal $3,800,000 · Est. interest $5,301,338 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in IowaCity, IA
- $358,621
- Median Listing Price
- 68
- Median Days on Market
- 1,797
- Median Sq Ft
- $196
- Median Price / Sq Ft
- 260
- Active Listings
- This home’s price is 1225% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in IowaCity, IA.
Location
Getting Around
Points of Interest in IowaCity, IA
Showing the IowaCity area map.
Nearby Schools
University of Iowa Department of Cinematic Arts
School · 0.6 mi away
Longfellow Elementary School
Elementary · 0.7 mi away
Melrose Day Care Center
Elementary · 0.9 mi away
Mann Elementary School
Elementary · 1.0 mi away
Mark Twain Elementary School
Elementary · 1.1 mi away
Iowa City High School
Secondary · 1.4 mi away
Lincoln Elementary School
Elementary · 1.4 mi away
Herbert Hoover Elementary School
Elementary · 1.5 mi away
Tate High School
Secondary · 1.6 mi away
Regina Junior Senior High School
Secondary · 1.6 mi away
Regina Elementary School
Elementary · 1.6 mi away
Horn Elementary School
Elementary · 1.7 mi away
Pci Academy Iowa City
School · 1.7 mi away
Southeast Junior High School
Secondary · 1.8 mi away
Bohumil Shimek Elementary School
Elementary · 1.8 mi away
Grant Wood Elementary School
Elementary · 1.8 mi away
Champions at Lucas Elementary
Elementary · 2.0 mi away
Lucas Elementary School
Elementary · 2.0 mi away
Iowa City Community School District
School · 2.1 mi away
Alexander Elementary
Elementary · 2.1 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 732,736,740 Michael St., IowaCity, IA | $3,650,000 | — | 2 | 16,128 |
| Lots 6, 7, & 8 Iwv Commercial Park, IowaCity, IA | $3,959,386 | — | — | — |
| 2346 Mormon Trek Blvd, IowaCity, IA | $4,750,000 | — | — | — |
| 425 E Hwy 6, IowaCity, IA | $4,995,000 | — | — | — |
Moving Cost Estimate
EXIT Agents in IowaCity
Listing Courtesy: Lepic-Kroeger, REALTORS - 3193518811
Presented by: Jeff Edberg