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    S Gilbert & McCollister Cor Iowa City, IA 52240

    Sponsored
    For Sale
    $1,635,000

    13.84 Acres, Multi-Family Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 13.84-acre parcel presents a remarkable opportunity for multi-family development in Iowa City, IA. Located at the northeast corner of South Gilbert and McCollister Streets, this property boasts a highly desirable location directly across from the 152-acre Terry Trueblood Recreation Area, a significant amenity featuring a lake, bike trails, wooded areas, and river views. The area offers recreational activities such as kayaking, paddle boarding, and access to an event lodge. The property's zoning, ID-RM (as detailed in the South District Plan), allows for medium-density housing options, including townhouses, multiplexes, and cottages. The asking price is $1,635,000, translating to approximately $118,135.84 per acre. The property's APN is 1022453006. This prime location, combined with its zoning and proximity to a large city park, makes this an ideal investment for developers seeking to capitalize on the growing demand for housing in Iowa City's vibrant South District. The flat paved and dirt trails within the park offer additional recreational opportunities for future residents. The South District Form-based Code designates this land as T4 Neighborhood Small and T4 Neighborhood Medium, providing clear guidelines for development. This is a rare chance to acquire a substantial land parcel in a highly sought-after area of Iowa City. The property is situated in Johnson County, Iowa, with a zip code of 52240.

    Property Features for S Gilbert & McCollister Cor

    General Information

    Property type
    Land
    Lot Size
    602,870 SF

    HighLights

    • 13.84‑acre multi‑family development site in Iowa City, IA.
    • Located at the northeast corner of South Gilbert and McCollister Streets, across from the 152‑acre Terry Trueblood Recreation Area.
    • ID‑RM zoning allows medium‑density housing (townhouses, multiplexes, cottages).
    • $1,635,000 asking price ($118,135.84/acre); APN 1022453006.
    • Located in Johnson County, IA, zip code 52240.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Iowa City
    County
    Johnson
    State
    Iowa
    Longitude
    -91.5272567
    Latitude
    41.6283244

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    FAQs

    What type of property is this?
    Land - 13.84 Acres, Multi-Family Potential
    Where is this land located?
    The property is located at S Gilbert & McCollister Cor Iowa City, IA.
    What is the asking price?
    The asking price for this property is $1,635,000.
    What are key features of this property?
    This property features: 13.84-acre multi-family development site in Iowa City, IA.; Located at the northeast corner of South Gilbert and McCollister Streets, across from the 152-acre Terry Trueblood Recreation Area.; ID-RM zoning allows medium-density housing (townhouses, multiplexes, cottages).
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    S Gilbert & McCollister Cor Iowa City, IA 52240
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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
    S Gilbert & McCollister Cor Iowa City, IA 52240
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