305 E Prentiss St, Iowa City, IA 52240

This redevelopment land offering consists of 1.59 acres and is being marketed for a future apartment development. The site has City approval for 382 beds in 192 units, including 50 one-bed units, 94 two-bed units, and 48 three-bed units. The approvals also address site parking and bicycle requirements, with 298 parking spaces required and 121 bike parking spaces required. The parking plan proposes 150 spaces to be built on-site, with 148 spaces handled via fee-in-lieu rather than construction. The current owner plans to raze all existing buildings on the site prior to closing, at the owner’s cost.

The property is located within the Riverfront Crossing District and near city center, at 305 & 315 E Prentiss St and 625 S Gilbert St in Iowa City. All parties are encouraged to confirm the current status of City approvals with the City of Iowa City. Supporting information is referenced in the associated documents.

For developers and operators seeking a redevelopment parcel with documented entitlement parameters, this site provides a clear project framework, including unit mix and parking/bike requirements tied to the City-approved plan. Potential buyers should review the associated documents and verify that approvals remain current and accurately reflect the intended development scope before proceeding.