Redevelopment Corner Multifamily
For Sale
$1,900,000
2203-2221 Muscatine Ave, Iowa City, IA 52240
Income-producing multifamily property plus adjacent city-owned parcel creates a combined redevelopment site totaling 1.07 acres.
Property SizeContact for details
Lot Size0.87 Acres
Days on Market135
Property Features for 2203-2221 Muscatine Ave
General Information
Standard status
Active
Lot size
0.87 Acres
Property subtype
General Commercial
Taxes and HOA fees
Annual Taxes
$15,335
Amenities
Other
3
Building Details
Year Built
1930
Listing Agency:
Skogman Realty Co.
(319) 331-0409
Listed By:
Mark Lynch · License #S60565000
(319) 331-0409
Source:
Xome
Added: Mar 31
Changed: Aug 10
Last Checked: Aug 12 at 4:16AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Skogman Realty Co.
Investment Insights
Based on property information with market context.
This income-producing multifamily property is being offered with strong long-term redevelopment potential, alongside an adjacent city-owned parcel. The configuration allows for a combined site and supports a redevelopment concept at a signalized hard corner, while maintaining income from the existing multifamily property.
The private land totals 0.87 acres, and the adjacent city parcel adds an additional 0.20 acres, for a total of 1.07 acres. The offering is positioned to support redevelopment with visibility and traffic exposure at the prominent intersection.
For buyers seeking control of an intersection redevelopment site that can include existing income during the transition, this combined package provides a defined land footprint suitable for redevelopment planning.
The private land totals 0.87 acres, and the adjacent city parcel adds an additional 0.20 acres, for a total of 1.07 acres. The offering is positioned to support redevelopment with visibility and traffic exposure at the prominent intersection.
For buyers seeking control of an intersection redevelopment site that can include existing income during the transition, this combined package provides a defined land footprint suitable for redevelopment planning.
Key Highlights
- Income‑producing multifamily property plus adjacent city‑owned parcel for a combined redevelopment site totaling 1.07 acres
- Land totals 0.87 acres, with the adjacent City parcel adding 0.20 acres
- Central air cooling and composition roof
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
790
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Income-producing multifamily property plus adjacent city-owned parcel creates a combined redevelopment site totaling 1.07 acres.
Where is this multifamily property located?
The property is located at 2203-2221 Muscatine Ave Iowa City, IA.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Income‑producing multifamily property plus adjacent city‑owned parcel for a combined redevelopment site totaling 1.07 acres; Land totals 0.87 acres, with the adjacent City parcel adding 0.20 acres; Central air cooling and composition roof
