Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    S Gilbert & McCollister Cor Iowa City, IA 52240

    Sponsored
    For Sale
    $1,305,000

    Prime 7.88-acre corner lot, mixed-use potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 7.88-acre parcel, located at the southeast corner of South Gilbert Street and McCollister Street in Iowa City, IA, presents a unique opportunity for multi-family or mixed-use development. Zoned ID-RM, this property offers significant potential for medium-density housing options such as townhouses, multiplexes, cottages, and/or commercial uses. Its enviable location directly across from the 152-acre Terry Trueblood Recreation Area provides unparalleled access to a picturesque lake, extensive bike trails, wooded areas, and stunning river views. Residents will enjoy convenient access to kayaking, paddle boarding, paddle boats, and an event lodge within the park. The property's zoning designation within Iowa City's South District Form-based Code includes T4 Neighborhood Small, T4 Neighborhood Medium, and T4 Neighborhood Medium-open classifications. The asking price is $1,305,000, translating to $165,609.14 per acre. The property's APN is 1022453006. This is a rare opportunity to develop a thriving community in a highly desirable location with exceptional recreational amenities nearby. The property is situated in Johnson County, Iowa, with a 52240 zip code.

    Property Features for S Gilbert & McCollister Cor

    General Information

    Property type
    Land
    Lot Size
    343,253 SF

    HighLights

    • $1,305,000 asking price for 7.88 acres of land zoned ID‑RM.
    • Located at the SE corner of S. Gilbert & McCollister in Iowa City, IA (APN 1022453006).
    • $165,609.14 per acre land value.
    • Suitable for multi‑family or mixed‑use development, including townhouses, multiplexes, and commercial uses.
    • Across from the 152‑acre Terry Trueblood Recreation Area with lake, trails, and event lodge.
    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

    Nearby Similar for Sale

    • $529,000

      Iowa City Mixed-Use Building

      Three-story live/work building in the Peninsula Neighborhood.
      1010 Martin St, Iowa City, IA 52245
      View Details
    • $1,425,000
      111.89 Acres

      Iowa City Combination Farm

      111.89-acre farm with a 1900's two-story home.
      5440 West Br Rds SE, Iowa City, IA 52358
      View Details
    • New
      Contact for pricing
      293.29 Acres

      Iowa Land Near Iowa City

      293.29 acre tract near Iowa City and Interstate 80.
      4963 Lower West Branch Rd SE, Iowa City, IA 52240
      View Details
    • $1,875,000
      12,168 SF

      Iowa City Multifamily Investment Opportunity

      Two well-maintained buildings near University of Iowa offer redevelopment potential.
      5 Woolf Ave, Iowa City, IA 52240
      View Details
    • $420,000

      Well-Designed Office Near Downtown

      Attractive first-floor office space with high ceilings and natural light.
      250 E Court St, Iowa City, IA 52240
      View Details
    • $1,050,000

      Eastside Office Suites For Sale

      Well-maintained office suites with high visibility and ample parking.
      673 Westbury Dr, Iowa City, IA 52245
      View Details
    • New
      Contact for pricing
      293.29 Acres

      Iowa Farmland Near Iowa City

      293.29 acre Iowa farmland tract near Iowa City.
      4963 Lower West Branch Rd, Iowa City, IA 52240
      View Details
    • $371,520

      Spacious Office with Modern Amenities

      Large office space with new HVAC and free parking.
      1700 S 1St Ave, Iowa City, IA 52240
      View Details
    • $1,450,000
      11,088 SF

      Iowa City Condominium Investment Opportunity

      Twelve 2-bed, 1.5-bath condominiums with garages, excellent rental history.
      403-461 Westwinds Dr, Iowa City, IA 52246
      View Details
    • $670,000
      0.41 Acres

      Downtown Iowa City Office Suite

      Office suite for sale in downtown Iowa City.
      125 S Dubuque St, Iowa City, IA 52240
      View Details
    • $1,175,000
      8,586 SF

      Iowa City Multi-Family Investment

      8-plex with strong rental income potential in Iowa City.
      645 S Lucas St, Iowa City, IA 52240
      View Details
    • $1,000,000

      Iowa City Commercial Suite ForSale

      5060 SF commercial suite available for sale.
      2545 N Dodge St, Iowa City, IA 52245
      View Details

    FAQs

    What type of property is this?
    Land - Prime 7.88-acre corner lot, mixed-use 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 $1,305,000.
    What are key features of this property?
    This property features: $1,305,000 asking price for 7.88 acres of land zoned ID-RM.; Located at the SE corner of S. Gilbert & McCollister in Iowa City, IA (APN 1022453006).; $165,609.14 per acre land value.
    Request Owner's contact information
    S Gilbert & McCollister Cor Iowa City, IA 52240
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    S Gilbert & McCollister Cor
    Iowa City, IA 52240
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.