321 Kirkwood Ave, IowaCity, IA 52240
None · Johnson County
Key Facts
Description
Riverfront Crossing District Development Opportunity. This offering includes existing, highly usable improvements totaling approximately 14,000 SF, currently occupied with short-term leases, providing near-term income with long-term flexibility. Alternatively, the site may be redeveloped as a .58-acre building lot within the Riverfront Crossing (RFC) District, which features a form-based zoning overlay allowing for mid-rise mixed-use development. The RFC framework supports ground-floor commercial uses with apartments or condominiums above, up to 6-7 stories. An existing public alley bisects the property, offering additional vehicular access or the potential for abandonment, subject to City Planning Department & City Council approval. The location is exceptional; steps from shopping & dining, just blocks from downtown Iowa City & the University of Iowa main campus, placing this site at the center of one of the city's most active growth corridors. Assemblage Opportunity: This property may be combined with the adjacent parcel at 1030 Gilbert Street, providing an additional .55 acres of usable land, offered at $1,700,000, creating a larger-scale development footprint.
Property Information
Property Type
Land
Sub-Type
Unimproved Land
Lot Size
0.58 acres
Lot Dimensions
Irregular
Zoning
CC2 & CI1-RFC
MLS® Listing#
202600373
Property Features
Other Structures
Community
Utilities
Water Source
Financial Details
HOA
None
Annual Taxes
$20,898
Tax year 2024
Parcel Number
1015301001, 1015301002, 101530
Directions
South on Maiden Ln off Kirkwood Ave
Affordability Calculator
$360,000
Estimated monthly payment
$9,580/mo
Principal $1,440,000 · Est. interest $2,008,928 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in IowaCity, IA
- $357,143
- Median Listing Price
- 68
- Median Days on Market
- 1,793
- Median Sq Ft
- $195
- Median Price / Sq Ft
- 263
- Active Listings
- This home’s price is 404% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in IowaCity, IA.
Location
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Points of Interest in IowaCity, IA
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Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 820 S Riverside Dr, IowaCity, IA | $1,290,000 | — | — | — |
| 429-451 S Scott Boulevard, IowaCity, IA | $1,295,000 | — | 1 | 9,756 |
| Herbert Hoover Hwy, IowaCity, IA | $1,295,000 | — | — | — |
| 4591 SE Sand Rd, IowaCity, IA | $1,299,000 | 4 | 2 | 3,096 |
| SE corner S. Gilbert & McCollister, IowaCity, IA | $1,305,000 | — | — | — |
| 403 Westwinds Dr # 461, IowaCity, IA | $1,400,000 | — | 1 | 11,088 |
Moving Cost Estimate
EXIT Agents in IowaCity
Listing Courtesy: Lepic-Kroeger, REALTORS - 3193518811
Presented by: Jeff Edberg