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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.
| DAYS ON MARKET | 3 | LAST UPDATED | 1/13/2026 |
|---|---|---|---|
| TRACT | None | YEAR BUILT | 0 |
| COMMUNITY | IowaCity | COUNTY | Johnson |
| STATUS | Active | PROPERTY TYPE(S) | Lot/Land/Acreage |
| ADDITIONAL DETAILS | |
| AREA | IowaCity |
|---|---|
| HOA DUES | Annually |
| LOT | 0.58 acre(s) |
| LOT DIMENSIONS | Irregular |
| SUBDIVISION | None |
| TAXES | 20898 |
| UTILITIES | Cable Available, Electricity Available, Natural Gas Available, Sewer Available |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by Jeff Edberg, Lepic-Kroeger, REALTORS
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