321 Kirkwood Ave Iowa City, IA 52240

This offering includes a 0.58-acre commercial development site with existing, highly usable improvements totaling approximately 14,000 SF. The improvements are currently occupied under short-term leases, providing near-term income while allowing for long-term flexibility. The property is also positioned for redevelopment within the Riverfront Crossing (RFC) District, where the form-based zoning overlay supports ground-floor commercial uses with apartments or condominiums above, up to 6–7 stories.

The site is located at 321 Kirkwood Ave in Iowa City, Iowa, and is described as being near shopping and dining, with downtown Iowa City and the University of Iowa’s main campus a short distance away. An existing public alley bisects the property, which may provide additional vehicular access, or potentially be abandoned, subject to City Planning Department and City Council approval. Zoning is listed as CC2 & CI1-RFC.

For tenants and developers, the combination of income-producing improvements and RFC redevelopment parameters can support a range of strategies, from continued short-term leasing to conversion or new construction aligned with ground-floor retail and residential above. The property also presents an assemblage opportunity with the adjacent parcel at 1030 Gilbert Street to create a larger development footprint, subject to buyer due diligence and planning approvals.