Approved Redevelopment
For Sale
$4,750,000
305 E Prentiss St, Iowa City, IA 52240
Land, IowaCity, IA
Property SizeContact for details
Lot Size1.59 Acres
Days on Market320
Property Features for 305 E Prentiss St
General Information
Property type
Land
Property subtype
Other
Zoning
CI1 CC2 RFC
Subdivision
County Seat Addition
Elementary school
Longfellow
Middle school
Southeast
Directions
Just west of the Prentiss and Gilbert St intersection.
Special listing conditions
In Foreclosure
Standard status
Active
APN
Multi
Lot size
1.59 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
109454
Listing Agency:
Lepic-Kroeger, REALTORS
(319) 351-8811
Listed By:
Jeff Edberg · License #B33730000
(319) 331-6187
Added: Oct 10, 2025
Changed: Aug 19
Last Checked: Aug 25 at 7:06PM
MLS# 202506409
Copyright © 2026 Iowa 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.
Investment Insights
Based on property information with market context.
This 1.59-acre commercial land parcel is positioned within Iowa City’s Riverfront Crossing District near the city center. The property is identified under CI1, CC2, and RFC zoning designations and includes the addresses 305 and 315 E Prentiss St and 625 S Gilbert St.
The City of Iowa City has approved a redevelopment plan for 192 units totaling 382 beds, with a stated unit mix of 50 one-bedroom, 94 two-bedroom, and 48 three-bedroom units. The approval requires 298 parking spaces, including 150 proposed on-site spaces and 148 addressed through a fee-in-lieu arrangement. The plan also calls for 121 bicycle parking spaces. The current owner will raze the existing buildings before closing at the owner’s cost. City approvals should be independently confirmed with Iowa City.
The City of Iowa City has approved a redevelopment plan for 192 units totaling 382 beds, with a stated unit mix of 50 one-bedroom, 94 two-bedroom, and 48 three-bedroom units. The approval requires 298 parking spaces, including 150 proposed on-site spaces and 148 addressed through a fee-in-lieu arrangement. The plan also calls for 121 bicycle parking spaces. The current owner will raze the existing buildings before closing at the owner’s cost. City approvals should be independently confirmed with Iowa City.
Key Highlights
- 1.59‑acre commercial land parcel in Iowa City’s Riverfront Crossing District
- City approval for 192 units and 382 beds
- Approved unit mix includes 50 one‑bedroom, 94 two‑bedroom, and 48 three‑bedroom units
Property Analytics
Property Profile
Current Use
Lease Details
192
Residential units
Location Intelligence
Trade Area within ½ mile
2,339
Businesses Nearby
Explore this area
Business Placement
Demographics for 52240, IA
34,224
Population
17,035
Households
2
Avg Household Size
29
Median Age
47%
College-Educated
94%
High-School Grad
142.1 sq mi
ZIP Area
241
Density / Sq Mi
$55,189
Median Household Income
$25,508
Median Earnings
$1,065
Median Rent
$241,100
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - City approval supports residential redevelopment with required parking and bicycle facilities.
Where is this commercial land located?
The property is located at 305 E Prentiss St Iowa City, IA.
What is the asking price?
The asking price for this property is $4,750,000.
What are key features of this property?
This property features: 1.59‑acre commercial land parcel in Iowa City’s Riverfront Crossing District; City approval for 192 units and 382 beds; Approved unit mix includes 50 one‑bedroom, 94 two‑bedroom, and 48 three‑bedroom units
