1104 S Gilbert St, Iowa City, IA 52240
1104 S Gilbert St, Iowa City, IA 52240
1104 S Gilbert St, Iowa City, IA 52240
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$1,975,000
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0.34 Acres Lot
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1104 S Gilbert St Iowa City, IA 52240

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Amir Elgaali

Amir Elgaali

+1(319) 855-0017

UPDATED:

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID 202603248

Year Built 1950

Annual Tax Amount $16,206

Tax Year 2024

Lot Size 0.342 Acres

Acres 0.77

Lot Dimensions 240 x 140

Property Sub-Type Commercial

Property 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.

Location

State IA

County Johnson

Zoning commercial

Direction East side of Gilbert St, N of HWY 6, S of Kirkwood

Interior

Heating Natural Gas, Forced Air, Steam

Cooling Central Air, Window Units

Flooring Concrete Slab Grade, Carpet, Vinyl

Exterior

Utilities Available Electricity Available, Natural Gas Available, Sewer Available, City Water

Roof Type Composition,Metal

Building

Lot Size Range Half To One Acre

Structure Type Block,Frame

Others

Tax ID 1015305002-1015305004

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

Listed by Lepic-Kroeger, REALTORS

NEARBY SCHOOL & BUSINESS

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Amir Elgaali

Amir Elgaali

Agent | License ID: 66564000

+1(319) 855-0017

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1104 S Gilbert St