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    305 E Prentiss St Iowa City, IA 52240

    For Sale
    $4,750,000

    Residential - IowaCity, IA

    Lot size:
    1.59 Acres
    Days on Market:
    23
    Last Refresh:
    Dec 13 at 11:06 pm

    Property Features for 305 E Prentiss St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    CI1 CC2 RFC
    APN
    Multi
    Lot size
    1.59 Acres

    Building Details

    Architectural style
    Other

    Lepic-Kroeger, REALTORS (319) 351-8811 [email protected]

    Listing agent Jeff Edberg (319) 351-8811

    Listing date Nov 21, 2025

    MLS# 202506409 Listing URL

    Copyright © 2025 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.

    Overview

    Iowa City Redevelopment Land

    This offering consists of 1.59 acres of land suitable for redevelopment, situated within the Riverfront Crossing District and in close proximity to the city center of Iowa City. Specifically located at 305 & 315 E Prentiss St & 625 S Gilbert St, the site has received approval from the City of Iowa City for the construction of a development featuring 382 beds across 192 units, comprising 50 one-bedroom, 94 two-bedroom, and 48 three-bedroom configurations. The development plan necessitates a total of 298 parking spaces, with a proposal to construct 150 spaces on-site. The remaining 148 spaces are intended to utilize a fee-in-lieu arrangement, thereby waiving the construction requirement for those spaces. Furthermore, the plan requires the provision of 121 bicycle parking spaces. The current owner intends to raze all existing buildings on the site at their own expense prior to closing. The zoning is CI1 CC2 RFC.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Iowa City
    County
    Johnson
    State
    Iowa
    Longitude
    -91.53143
    Latitude
    41.65411

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    FAQs

    What type of property is this?
    Land - 1.59 acres for redevelopment in Riverfront Crossing District.
    Where is this 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: - Approved for high-density redevelopment: **382 beds in 192 units.**; - Prime location: Riverfront Crossing District, near Iowa City center.; - Parking solution: **150 on-site spaces planned**, 148 via fee-in-lieu (no construction required).
    (319) 351-8811
    Request Owner's contact information
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    Iowa City, IA 52240
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    305 E Prentiss St Iowa City, IA 52240
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