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    822 Riverside Dr Iowa City, IA 52246

    Sponsored
    For Sale
    $1,600,000

    Prime 1.02-acre lot, high traffic area.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.02-acre commercial land parcel, located at 822 S Riverside Dr, Iowa City, IA 52246, presents a unique investment opportunity. Situated in Johnson County, this property boasts a highly desirable location adjacent to a McDonald's and near the hard corner of S Riverside and W Benton Streets. The site benefits from exceptional daily traffic counts: 23,100 vehicles on S Riverside and 15,100 on W Benton. This translates to significant visibility and accessibility for any commercial venture. The property is zoned CC-2, allowing for a diverse range of commercial uses. It's important to note that land to the east of the property lies within a floodplain. This sale is contingent upon the seller identifying a suitable 1031-exchange property. The asking price for this strategically located commercial land is $1,600,000. This presents a compelling opportunity for developers and investors seeking a high-traffic location with diverse development potential in a thriving Iowa City market. The property's coordinates are 41.6493809 latitude and -91.5401518 longitude.

    Property Features for 822 Riverside Dr

    General Information

    Property type
    Land
    Property Profile 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
    -91.5401518
    Latitude
    41.6493809

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    FAQs

    What type of property is this?
    Land - Prime 1.02-acre lot, high traffic area.
    Where is this land located?
    The property is located at 822 Riverside Dr Iowa City, IA.
    What is the asking price?
    The asking price for this property is $1,600,000.
    (319) 331-0409
    Request Owner's contact information
    822 Riverside Dr 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
    822 Riverside Dr Iowa City, IA 52246
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