21 Benton StIowa City, IA 52246

  • Commercial real estate
  • 2,848 SF
For Sale
$1,130,000 View listing

Property Details for 21 Benton St

Year built
1965
Construction
WOOD
Lot size
1.04 AC
Property size (Sq ft)
2,848 SF
Property type
Commercial real estate
APN
1015257001
APU
1015257001

Description

This exceptional 1.03-acre commercial land parcel is strategically located at 21 W Benton St in Iowa City, IA, 52246. Boasting a highly desirable location adjacent to a McDonald's, this property offers unparalleled visibility and accessibility with direct access from Benton Street. The site benefits from significant daily traffic counts, with 23,100 vehicles passing on South Riverside Drive and 15,100 on West Benton Street, ensuring substantial exposure for any commercial development. The property is zoned CC-2, allowing for a variety of commercial uses (detailed zoning information is available upon request). This presents a unique investment opportunity for businesses seeking a high-traffic location in a thriving Iowa City market. The asking price is $1,130,000. Note that a contiguous parcel, 820 S Riverside, is also available for sale. This presents a potential for expansion or synergistic development. This property is ideal for businesses seeking high visibility and convenient access in a bustling commercial area. Don't miss this chance to acquire a prime piece of Iowa City real estate.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $872,149
    Hospitality
    $798,884
    Educational
    $664,662
    Medical
    $687,521
    Retail
    $1,033,919

Location Insight

City
Iowa City
County
Johnson
State
Iowa
Latitude
41.6502
Longitude
-91.5387
CBSA code
26980
CBSA name
IOWA CITY, IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$14,128
$414,600
-
$414,600
-
$414,600
-
$414,600

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