Herbert Hoover Hwy Iowa City, IA 52240
- Land
- 37.35 lot acres
Current Use by Public Records
- Land
Property Details for 0 Herbert Hoover Hwy
- Lot size
- 37.35 lot acres
- Property type
- Land
- Property subtype
- Industrial properties
Description
This exceptional 37.35-acre property presents a unique investment opportunity in Iowa City, IA. Located on Herbert Hoover Hwy SE, this land boasts major highway frontage and offers significant development potential. The property is zoned for Working Farm and Future Commercial uses, providing flexibility for a variety of projects. The asking price is $1,307,250, or approximately $35,000 per acre. The parcel (APN 0908201001) is currently leased for agricultural use until September 1, 2024, as a production farm. This lease presents an existing income stream while development plans are finalized. The property's strategic location near the recently updated Interstate 80 and Herbert Hoover Highway interchange provides convenient access to major transportation arteries and high visibility. Surrounding areas include a mix of businesses, educational institutions, and residential neighborhoods. Prospective buyers should conduct their own due diligence and work with the City of Iowa City and Johnson County to develop suitable concepts. Utilities will need to be extended to the site. Note that contiguous parcels (0908226001, 0905351003, and 0905327003) are also available for purchase. This presents a rare chance to acquire a substantial land holding with immense potential for future commercial development in a thriving Iowa City 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
- Iowa City
- County
- Johnson
- State
- Iowa
- Longitude
- -91.4544
- Latitude
- 41.671
