1924 12Th St Cedar Falls, IA 50613
- Land
- 16.00 lot acres
Current Use by Public Records
- Land
Property Details for 1924 12Th St
- Lot size
- 16.00 lot acres
- Property type
- Land
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Cedar Falls
- County
- Black Hawk
- State
- Iowa
- Longitude
- -92.4687
- Latitude
- 42.5277
