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21 W. Benton St. and 820 S Riverside Dr. 2 Land Properties Offered at $2,420,000 in Iowa City, IA
Investment Highlights
- Two contiguous parcels totaling 2.05 acres with an "L"-shaped configuration surrounding an established McDonald's location.
- Traffic counts of approximately 23,100 vehicles per day on S. Riverside and 15,100 vehicles per day on W. Benton support strong exposure.
- Located near the intersection of S. Riverside and W. Benton, providing convenient access to surrounding businesses and services.
- Located within the Riverfront Crossings Master Plan area, which allows for housing development.
Executive Summary
This 2.05-acre offering consists of two contiguous parcels positioned along S. Riverside in a highly visible commercial corridor. The sites form an "L" configuration around an existing McDonald's location, with one parcel situated between Staples and McDonald's and the second parcel extending between McDonald's and the river. The property's location near the intersection of S. Riverside and W. Benton provides convenient access to surrounding retail, dining, and commercial activity.
The site benefits from substantial traffic exposure, with approximately 23,100 vehicles per day on S. Riverside and 15,100 vehicles per day on W. Benton. A concrete pad is already in place, providing a potential advantage for future development plans. The property is located within the Riverfront Crossings Master Plan area, which allows for housing development, creating flexibility for residential or mixed-use development opportunities subject to applicable approvals and zoning requirements. Zoned CC-2, the property offers a combination of visibility, accessibility, and development potential in an established commercial environment.
The site benefits from substantial traffic exposure, with approximately 23,100 vehicles per day on S. Riverside and 15,100 vehicles per day on W. Benton. A concrete pad is already in place, providing a potential advantage for future development plans. The property is located within the Riverfront Crossings Master Plan area, which allows for housing development, creating flexibility for residential or mixed-use development opportunities subject to applicable approvals and zoning requirements. Zoned CC-2, the property offers a combination of visibility, accessibility, and development potential in an established commercial environment.
Property Facts
| Price | $2,420,000 | Number of Properties | 2 |
| Sale Type | Investment | Individually For Sale | 2 |
| Status | Active | Total Land Area | 2.06 AC |
| Price | $2,420,000 |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 2 |
| Total Land Area | 2.06 AC |
Properties
| Property Name / Address | Property Type | Size | Individual Price |
|---|---|---|---|
| 21 W Benton St, Iowa City, IA 52246 | Land | 1.04 AC | $1,130,000 |
|
820 S Riverside Dr Outlot
820 S Riverside Dr, Iowa City, IA 52246 |
Land | 1.02 AC | $1,600,000 |
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21 W. Benton St. and 820 S Riverside Dr.
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