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    3025 Northgate Dr Iowa City, IA 52245

    Sponsored
    For Sale
    $227,383

    2.22-acre lot, $227,383

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 2.22-acre commercial lot presents a prime development opportunity in Iowa City, Iowa. Located at 3025 Northgate Dr, in Johnson County, zip code 52245, this property is zoned CO-1, allowing for a wide range of commercial uses. The asking price is $227,383, translating to approximately $130,679.89 per acre. Buyers should be aware that the sale is contingent upon city approval of the subdivision and final plat. This property is ideal for entrepreneurs and developers seeking to establish a new commercial venture in a thriving Iowa City location. The land's size and zoning provide significant flexibility for various commercial building plans. The property's coordinates are 41.6886588 latitude and -91.4897359 longitude. This is a rare opportunity to acquire a sizable commercial lot in a desirable area, ready for immediate development. Serious inquiries are encouraged to explore the potential of this valuable asset. The seller is licensed to sell real estate in Iowa. Broker cooperation is available.

    Property Features for 3025 Northgate Dr

    General Information

    Property type
    Land
    Lot Size
    96,703 SF

    HighLights

    • 2.22‑acre commercial lot in Iowa City, IA.
    • Located at 3025 Northgate Dr, Johnson County, IA 52245.
    • CO‑1 zoning allows for diverse commercial uses.
    • Priced at $227,383 ($130,680/acre).
    • Sale contingent on city subdivision and plat approval.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Wholesale Shop Hair Salon Dental Office Pharmacy Hotel & Motel Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Iowa City
    County
    Johnson
    State
    Iowa
    Longitude
    -91.4897359
    Latitude
    41.6886588

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    FAQs

    What type of property is this?
    Land - 2.22-acre lot, $227,383
    Where is this land located?
    The property is located at 3025 Northgate Dr Iowa City, IA.
    What is the asking price?
    The asking price for this property is $227,383.
    What are key features of this property?
    This property features: 2.22-acre commercial lot in Iowa City, IA.; Located at 3025 Northgate Dr, Johnson County, IA 52245.; CO-1 zoning allows for diverse commercial uses.
    Request Owner's contact information
    3025 Northgate Dr Iowa City, IA 52245
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    Iowa City, IA 52245
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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
    3025 Northgate Dr Iowa City, IA 52245
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