Rare development opportunity just 2 miles north of downtown Iowa City and the University of Iowa! 25-acres M/L. This will include the 7 parcels of frontage (4 rentals, 2 vacant lots & 1 non habitable duplex. Great location with convenient access to campus, I-80, and all that Iowa City has to offer. The property features wooded terrain, residential zoning, and 4 existing multi-unit buildings that are currently rented that may provide interim use or, more likely, be removed as part of a future redevelopment plan. With its size, location, residential zoning, and proximity to major transportation routes, this property offers tremendous potential for a variety of development possibilities. Opportunities like this so close to downtown and the University of Iowa are hard to find! Lots/units will not be sold individually and only as one unit.
Lot/land
$3,500,000
M/l On E Foster Rd, Iowa City, IA 52245
--beds
--baths
25Acres
Unimproved Land, Land
Built in ----
25 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Wooded terrain
- 13 days
- 139
- 7
Zillow last checked:
Listing updated:
Listed by:
Tim Lehman 319-331-7900,
Edge Realty Group,
Stacy Schroeder 319-321-7909,
Edge Realty Group
Source: Iowa City Area AOR,MLS#: 202605484
Facts & features
Interior
Features
- Has fireplace: No
Property
Lot
- Size: 25 Acres
- Residential vegetation: Cleared, Wooded
Details
- Additional structures: Residence
- Parcel number: see below
- Zoning: residential
- Special conditions: Standard
Utilities & green energy
- Water: Public
- Utilities for property: Electricity Available, Sewer Available
Community & HOA
Community
- Features: Sidewalks, Street Lights, Close To School, Near Shopping
- Subdivision: Alberhasky's
Location
- Region: Iowa City
Financial & listing details
- Annual tax amount: $23,841
- Date on market: 9/10/2026
- Listing terms: Cash,Conventional
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/10/2026 | Listed for sale | $3,500,000 |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Climate risks
Neighborhood: Shimek
Nearby schools
Schools provided by the listing agent
- Elementary: Shimek
- Middle: Southeast
- High: City
Source: Iowa City Area AOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.


