S Gilbert & McCollister Cor Iowa City, IA 52240
- Land
- 13.84 lot acres
Current Use by Public Records
- Land
Property Details for S Gilbert & McCollister Cor
- Lot size
- 13.84 lot acres
- Property type
- Land
Description
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.
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
- Iowa City
- County
- Johnson
- State
- Iowa
- Longitude
- -91.5273
- Latitude
- 41.6283
