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Description

Exceptional development opportunity in the heart of Iowa City! This high-visibility commercial property includes three commercial parcels and offers endless potential for investors, developers, or owner-occupants seeking a prime location with strong traffic exposure and excellent accessibility. The property features fully leased multi-family units with month-to-month leases, providing immediate income and future flexibility for redevelopment or repositioning. Current commercial tenants include Old Screen Printers, Summer of the Arts, and Drip Couture, with the Coin Shop space scheduled to be vacated in July – creating additional opportunity for owner use or new tenancy. Positioned just minutes from the University of Iowa campus, this property benefits from steady pedestrian and vehicle traffic, outstanding visibility, and close proximity to shopping, dining, entertainment, and public transportation. Ample parking and flexible commercial space make this an ideal setting for retail, mixed-use redevelopment, office, restaurant, or investment purposes.

Listing ID #202603248

Commercial Sale

1104 S Gilbert St
Iowa City, Iowa 52240

$1,975,000
Lot Size0.77 Acre
Country : US
State : IA
County : Johnson
City : Iowa City
Zipcode : 52240
StatusActive
Listing Agent
Rich Hatch
Lepic-Kroeger, REALTORS
Mortgage Calculator
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Features

202603248
Frame, Block
East side of Gilbert St, N of HWY 6, S of Kirkwood
Additional Details
0.77 Acre
Central Air, Window Units
Natural Gas, Forced Air, Steam
Composition, Metal
05-15-2026
240 x 140

Information on this page deemed reliable, but not guaranteed to be accurate. Listing information was entered by the listing agent and provided by ICAAR (Iowa City Area Association of REALTORS®) MLS and CRAAR (Cedar Rapids Area Association of REALTORS®) MLS. Urban Acres claims no responsibility for any misinformation, typographical errors, or misprints displayed from the MLS sources.

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