Approved Multifamily Development
For Sale
$4,750,000
305 E Prentiss Street, Iowa City, IA 52240
Redevelopment site with city-approved residential capacity and a planned parking solution.
Property SizeContact for details
Days on Market419
Property Features for 305 E Prentiss Street
General Information
Standard status
Active
Property subtype
Land
Lease Term
[]
Listing Agency:
Lepic-Kroeger,REALTORS
Listed By:
Jeff Edberg
(319) 364-8121
Source:
Cbhrealty
Added: Jul 12, 2025
Changed: Sep 2
Last Checked: Sep 1 at 8:47PM
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 Lepic-Kroeger,REALTORS
Investment Insights
Based on property information with market context.
This 1.59-acre commercial land assemblage includes the properties at 305 & 315 E Prentiss St and 625 S Gilbert St in Iowa City. The site has approval from the City of Iowa City for a residential development containing 192 units and 382 beds, with a mix of 50 one-bedroom, 94 two-bedroom, and 48 three-bedroom units.
The approved plan requires 298 parking spaces, including 150 proposed on-site spaces and 148 addressed through fee-in-lieu arrangements. It also calls for 121 bike parking spaces. The property is within the Riverfront Crossing District near the city center. Existing buildings are scheduled to be razed by the current owner before closing, at the owner's cost. City approvals should be independently confirmed with the City of Iowa City.
The approved plan requires 298 parking spaces, including 150 proposed on-site spaces and 148 addressed through fee-in-lieu arrangements. It also calls for 121 bike parking spaces. The property is within the Riverfront Crossing District near the city center. Existing buildings are scheduled to be razed by the current owner before closing, at the owner's cost. City approvals should be independently confirmed with the City of Iowa City.
Key Highlights
- 1.59‑acre commercial land assemblage in Iowa City
- City approval for 192 units and 382 beds
- Approved unit mix: 50 one‑bedroom, 94 two‑bedroom and 48 three‑bedroom units
Property Analytics
Property Profile
Current Use
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
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Frequently Asked Questions
What type of property is this?
Commercial land - Redevelopment site with city-approved residential capacity and a planned parking solution.
Where is this commercial land located?
The property is located at 305 E Prentiss Street 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 assemblage in Iowa City; City approval for 192 units and 382 beds; Approved unit mix: 50 one‑bedroom, 94 two‑bedroom and 48 three‑bedroom units
