Mixed-Use Property with Alley
New
For Sale
$850,000
321 Kirkwood Ave, Iowa City, IA 52240
Existing short-term leases provide near-term occupancy while retaining flexibility for future redevelopment.
Property Size14,000 SF
Price / SF$60.71
Days on Market4
Property Features for 321 Kirkwood Ave
General Information
Standard status
Active
Size
14,000 SF
Property subtype
Commercial
Zoning
CC2,CI1,RFC
Taxes and HOA fees
Annual Taxes
$23,494
Amenities
Other
Irregular
0.58
CountyRoad,Paved
Building Details
Year Built
1953
Listing Agency:
SKOGMAN REALTY
(319) 393-0900
Listed By:
Lydia Fitzgerald
(319) 213-1157
Source:
Pinnaclerealtyia
Added: Oct 4
Changed: Oct 6
Last Checked: Oct 5 at 4:36PM
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
Investment Insights
Based on property information with market context.
The property contains approximately 14,000 square feet of existing improvements, built in 1953 and occupied under short-term leases. The 0.58-acre site carries CC2, CI1, and RFC zoning designations. Within the Riverfront Crossing District, a form-based overlay allows mixed-use development with commercial space at street level and apartments or condominiums above, with building height permitted up to 6–7 stories.
A public alley runs through the property and provides another route for vehicle access; closing it would require approval from the City Planning Department and City Council. Shopping and dining are steps away, with downtown Iowa City and the University of Iowa main campus a few blocks from the site. An adjacent parcel at 1030 Gilbert Street, measuring 0.55 acres, may be combined with the property.
A public alley runs through the property and provides another route for vehicle access; closing it would require approval from the City Planning Department and City Council. Shopping and dining are steps away, with downtown Iowa City and the University of Iowa main campus a few blocks from the site. An adjacent parcel at 1030 Gilbert Street, measuring 0.55 acres, may be combined with the property.
Key Highlights
- Approximately 14,000 SF of existing improvements on a 0.58‑acre site
- Short‑term leases currently occupy the improvements
- RFC overlay allows ground‑floor commercial and residential uses above, up to 6–7 stories
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,304
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?
Mixed-use property - Existing short-term leases provide near-term occupancy while retaining flexibility for future redevelopment.
Where is this mixed-use property located?
The property is located at 321 Kirkwood Ave Iowa City, IA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Approximately 14,000 SF of existing improvements on a 0.58‑acre site; Short‑term leases currently occupy the improvements; RFC overlay allows ground‑floor commercial and residential uses above, up to 6–7 stories
