2502 Hwy 1 SW Iowa City, IA $ 1,300,000
2502 Hwy 1 SW
$ 1,300,000
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2502 Hwy 1 SW

Iowa City, IA, 52240
$ 1,300,000
Bedrooms3 Baths1.2

Monthly Estimate*

$ 8,004

2502 Hwy 1 SW, Iowa City, IA 52240 - Image 1
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2502 Hwy 1 SW, Iowa City, IA 52240 - Image 12
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Farms/Ranches for sale in Iowa City, IA

for $1,300,000 with 3 bedrooms and 1 full bath, 2 half baths. This property was built in 1975 on a lot size of 50.85.

50.85 acres, m/l, located at 2502 Hwy 1 SW, 7 miles southwest of Iowa City, Iowa. This gently rolling property has an estimated 41.25 FSA/Eff. crop acres. The property features a one-story frame home built in 1975, offering 1,624 square feet of main-level living space. The home includes 3 bedrooms, 1 full bath, and 2 half baths, a 1,344 square foot unfinished basement and an attached garage. Outbuildings include: 56' x 72' steel utility building 39' x 39' steel utility building 14' x 56' lean-to 16' x 18' milk house 27' diameter steel grain bin The home and buildings will be sold in "as-is" condition. A rare opportunity to own a property along Hwy-1 SW. This farm features income-producing tillable acres and an ideal building site for your dream home.

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Farms/Ranches Active

Price

$ 1,300,000

Bedrooms

3

Full Bath

1

Half Bath

2

Property Type

Farms/Ranches

Taxes

$ 2,364

Style

Single Family

Lot Size

50.85

Year Built

1975

Town/City

Iowa City

County/Region

Johnson

MLS | Web ID

6336843

Features
General
Heating Forced Air
Cooling Central Air
Zoning Agriculture Residential-
Architectural Style Single Family
Construction Materials Vinyl Siding
Year Built 1975
Topography Rolling
Property Subtype Farm
Tax Year 2024
Accessibility None
County Johnson
Property Type Farm
Contingency None
Full Baths 1
Status Active
Directions From Iowa City: At the intersection of US-218 and IA-1 7 miles southwest on IA-1. The property is on the north side of the road.
Association Name RLIT
Lot Size Units Acres
Lot Size Square Feet 2215026
Tax Annual Amount 2364
Virtual Tour https://storage.net-fs.com/hosting/6417806/1059/
Living Area Units Square Feet
Standard Status Active
Legal Description That part of the NE¼ NW¼ and NW¼ NE¼ of Section 5 Township 78 North Range 7 West of the 5th P.M. Johnson County Iowa. Final abstract/title documents to govern legal description.
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Interior
Basement Unfinished
Total Fireplaces 0
Common Walls 0
Fireplace Y/N N
Half Baths 2
Total Bedrooms 3
Total Baths 3
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Exterior
Lot Size Acres 50.85
Foundation Area 1344
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* Excluded Features
List By
Doug Hensley

Listing Agent

Hertz Real Estate Services

Broker

Doug.Hensley@Hertz.ag

Email

Affordability Calculator

$8,201
Per Month
98%
2%
0%
Monthly Principal & Interest
$8,004
Monthly Property Taxes
$197
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2872932 Elementary School
2872966 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/1/2026$1,300,000 Listed Price

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2502 Hwy 1 SW, Iowa City, IA, 52240 is a Farms/Ranches for sale at $1,300,000 with a lot size of 50.85. 2502 Hwy 1 SW has 3 bedrooms, 1.2 baths, and was built in 1975. The property's zip code is 52240 which is in Iowa City, IA