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    820 Riverside Dr Iowa City, IA 52246

    Sponsored
    For Sale
    $2,730,000

    2.05-acre commercial/industrial lot. Prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2.05-acre property, located at 820 S Riverside Drive & 21 W Benton in Iowa City, IA 52246, presents a unique investment opportunity. Situated in the Riverfront Crossings Master Plan, this land parcel is zoned CC-2 and offers significant potential for development. The property boasts a convenient location adjacent to McDonald's and near the hard corner of S. Riverside and W. Benton, benefiting from high daily traffic counts of 23,100 on S. Riverside and 15,100 on W. Benton. An existing concrete pad is already in place, simplifying development plans. The property's dual commercial and industrial subtype designation provides flexibility for a variety of uses. This prime location also offers convenient access to public transportation, being situated on a bus line. The asking price for this exceptional property is $2,730,000. This is a rare opportunity to acquire a significant land parcel in a high-traffic area with approved zoning for housing development.

    Property Features for 820 Riverside Dr

    General Information

    Property type
    Land
    Lot Size
    89,298 SF

    HighLights

    • On a major bus line.
    • CC‑2 zoning.
    • 2.05‑acre lot in prime Iowa City location.
    • $2,730,000 asking price.
    • 2.05‑acre parcel.
    • New construction.
    Property Profile Location Intelligence

    Current Use by Public Records

    Staples Print & Marketing ... Print Shop UPS Alliance Shipping ... Shipping And Mailing Service Staples Office Supply Store Amazon Locker - Penko Shipping And Mailing Service

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Iowa City
    County
    Johnson
    State
    Iowa
    Longitude
    -91.5389461
    Latitude
    41.6494466

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    FAQs

    What type of property is this?
    Land - 2.05-acre commercial/industrial lot. Prime location.
    Where is this land located?
    The property is located at 820 Riverside Dr Iowa City, IA.
    What is the asking price?
    The asking price for this property is $2,730,000.
    What are key features of this property?
    This property features: On a major bus line.; CC-2 zoning.; 2.05-acre lot in prime Iowa City location.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    820 Riverside Dr Iowa City, IA 52246
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