The South Gilbert Center is a leased commercial strip center for sale. This 10,400 SF building is just south of downtown Iowa City & the University of Iowa & directly across the street from Big Grove Brewery, a popular dining & entertainment center. There are two suites vacant, but lease proposals are on the table. The rent shown in the proforma shows the new rent of $17.15 for the Euro Foods store that increases to that rate in May, 2024. The South Gilbert Center has always been a good performer, rents well, & has plenty of off-street parking in its own parking lot. Current tenants include Thai Spice, Norva Salon, Advanced Services Temp Agency & Euro Foods, an international food & bakery store. The strip is stable & shows a 7.1% cap rate based on the actual owner’s operation. A Pro-forma is in the associated Documents.

Listing ID #202400930

Commercial For Sale

1210 Gilbert St, Iowa City, Iowa 52240

Square Feet0
Construction Year1970
Lot Size0.72
Country : US
State : IA
County : Johnson
City : Iowa City
Zipcode : 52240
Status CategoryActive
Agent info
Jeff Edberg
Lepic-Kroeger, REALTORS
Mortgage Calculator
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0 Sqft
Cash Conventional
See Remarks
Just north of the Gilbert St & Hwy 6 intersection. Across the street from Big Grove Brewery.
Additional Details
0.72 Sqft
Central A/c
Forced Air Gas
2024-02-16 18:10:20
80x300 60x120

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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