Financial
Distress signals
Property profile

315 Prentiss St Iowa City, IA 52240

OFF-MARKET
Other commercial real estate
Property ID
US25-2242467
20,960 SF 0.97 ac lot Built 1957
Last sale Aug 2021
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property consists of an assemblage of three adjacent commercial land parcels located at 305 E Prentiss Street, 315 E Prentiss Street, and 625 S Gilbert Street in Iowa City, Iowa, with existing buildings on-site that are conveyed in their as-is condition. The buildings remain on the parcels and are expected to be removed as part of redevelopment. The assemblage is situated near the University of Iowa campus and downtown Iowa City and is supported by existing city zoning approvals, with

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$64k
Tax billed · 2023
Assessed value · 2024$1.80M
Assessed land$917k
Assessed improvement$887k
Effective rate3.52%

Value estimate

· Sep 2026
$965k
$869k – $1.06M
AI approach$965k
Submarket $/SF estimate$1.19M

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$94/SF
ZIP average, outlier-cleaned · 44 recorded sales of this use type
Observed band · Q1–Q3$52 – $163
Qualifying comparables4

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionJOHNSON

Location intelligence

Which uses thrive at this corner?
Best fit: Laundry Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Laundry Service8.9
Butcher8.3
Furniture Store8.0

Location

315 Prentiss St Iowa City, IA 52240-1719
County assessor Recorded deeds · 2 transfers 4 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
985 Hwy 6th E, Iowa City, IA 52240-6501 $5,000,000 Dec 2024 12,896 SF
611 Southgate, Iowa City, IA 52240-4462 $725,000 Mar 2024 9,600 SF
390 Highland, Iowa City, IA 52240-4511 $368,060 Feb 2024 13,660 SF
2220 Heinz, Iowa City, IA 52240-2600 $2,150,000 Mar 2023 34,034 SF
3825 Liberty, Iowa City, IA 52240-8104 $1,595,000 Oct 2022 30,000 SF
2881 Independence, Iowa City, IA 52240-8171 $2,525,000 Sep 2022 24,581 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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