Mixed-Use Property with Redevelopment
For Sale
$850,000
321 Kirkwood Ave, Iowa City, IA 52240
CommercialSale, IowaCity, IA
Property SizeContact for details
Lot Size0.58 Acres
Days on Market8
Property Features for 321 Kirkwood Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CC2, CI1, RFC
Directions
At the southwest corner of the Kirkwood Ave & Maiden Ln intersection.
Subdivision
IowaCity
Standard status
Active
APN
1015301001
Lot size
0.58 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
23494
Utilities
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Building Details
Year built
1953
Building materials
Block, Brick, Frame
Roof type
Metal, Composition
Listing Agency:
Lepic-Kroeger, REALTORS
(319) 351-8811
Listed By:
Jeff Edberg · License #B33730000
(319) 331-6187
Added: Oct 2
Changed: Oct 9
Last Checked: Oct 9 at 11:06PM
MLS# 202605852
Copyright © 2026 Iowa City Area Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The property includes approximately 14,000 SF of existing improvements occupied under short-term leases. The 0.58-acre site is in the Riverfront Crossing District, where a form-based zoning overlay allows mid-rise mixed-use development, with commercial space at street level and apartments or condominiums above, up to 6-7 stories. Zoning designations include CC2, CI1, and RFC.
A public alley crosses the site and provides another point of vehicular access; closing it would require approval from the City Planning Department and City Council. Shopping and dining are steps away, while downtown Iowa City and the University of Iowa main campus are several blocks from the property. The site may be combined with the adjacent parcel at 1030 Gilbert Street, adding 0.55 acres of usable land.
A public alley crosses the site and provides another point of vehicular access; closing it would require approval from the City Planning Department and City Council. Shopping and dining are steps away, while downtown Iowa City and the University of Iowa main campus are several blocks from the property. The site may be combined with the adjacent parcel at 1030 Gilbert Street, adding 0.55 acres of usable land.
Key Highlights
- Approximately 14,000 SF of improvements with current short‑term occupancy
- 0.58‑acre site in the Riverfront Crossing District
- Form‑based zoning overlay allows mixed‑use development up to 6‑7 stories
Property Analytics
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Open Analytics
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 leased improvements offer current occupancy alongside a separate redevelopment path.
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 improvements with current short‑term occupancy; 0.58‑acre site in the Riverfront Crossing District; Form‑based zoning overlay allows mixed‑use development up to 6‑7 stories
