S Gilbert & McCollister Cor Iowa City, IA 52240

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.