1924 12Th St Cedar Falls, IA 50613

This exceptional 16-acre parcel in Cedar Falls, Iowa (50613), located at 1924 W 12th St, presents a unique opportunity for medium-density residential development. Priced at $1,400,000 ($87,500/acre), this cleared lot is zoned A-1 and offers substantial potential for significant cost savings through available city incentives. Negotiable tax increment financing (TIF) is being pursued, potentially reimbursing up to half of public infrastructure costs over ten years—an estimated $1 million. Preliminary site plans are accessible for review, indicating a capacity for 130-150 residential units. The property's location, less than half a mile from the University of Northern Iowa (UNI) campus, ensures strong demand. Neighboring properties are largely rental units, suggesting minimal development resistance. The seller is actively involved in facilitating the city incentive process and securing a development agreement, providing valuable support to the buyer. This is a prime opportunity to leverage city support and build a thriving residential community in a desirable location.