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    21 Benton St Iowa City, IA 52246

    For Sale
    $1,130,000

    Prime 1.03-acre lot, high traffic area.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 1.03-acre commercial land parcel is strategically located at 21 W Benton St in Iowa City, IA, 52246. Boasting a highly desirable location adjacent to a McDonald's, this property offers unparalleled visibility and accessibility with direct access from Benton Street. The site benefits from significant daily traffic counts, with 23,100 vehicles passing on South Riverside Drive and 15,100 on West Benton Street, ensuring substantial exposure for any commercial development. The property is zoned CC-2, allowing for a variety of commercial uses (detailed zoning information is available upon request). This presents a unique investment opportunity for businesses seeking a high-traffic location in a thriving Iowa City market. The asking price is $1,130,000. Note that a contiguous parcel, 820 S Riverside, is also available for sale. This presents a potential for expansion or synergistic development. This property is ideal for businesses seeking high visibility and convenient access in a bustling commercial area. Don't miss this chance to acquire a prime piece of Iowa City real estate.

    Property Features for 21 Benton St

    General Information

    Property type
    Land
    Lot Size
    44,867 SF

    HighLights

    • $1,130,000 asking price.
    • 1.03‑acre commercial land parcel.
    • Located at 21 W Benton St, Iowa City, IA 52246.
    • CC‑2 zoning allows for a variety of commercial uses.
    • Excellent location adjacent to McDonald's with direct Benton Street access.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -91.5388496
    Latitude
    41.6503594

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    FAQs

    What type of property is this?
    Land - Prime 1.03-acre lot, high traffic area.
    Where is this land located?
    The property is located at 21 Benton St Iowa City, IA.
    What is the asking price?
    The asking price for this property is $1,130,000.
    What are key features of this property?
    This property features: $1,130,000 asking price.; 1.03-acre commercial land parcel.; Located at 21 W Benton St, Iowa City, IA 52246.
    (319) 331-0409
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    Iowa City, IA 52246
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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
    21 Benton St Iowa City, IA 52246
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