1104 S Gilbert St, IowaCity, IA 52240
Johnson County
Key Facts
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.
Property Information
Property Type
Commercial Sale
Year Built
1950
Lot Size
0.77 acres
Lot Dimensions
240 x 140
Zoning
commercial
MLS® Listing#
202603248
Property Features
Cooling
Heating
Flooring
Construction
Roof
Utilities
Water Source
Financial Details
Annual Taxes
$16,206
Tax year 2024
Parcel Number
1015305002-1015305004
Directions
East side of Gilbert St, N of HWY 6, S of Kirkwood
Affordability Calculator
$395,000
Estimated monthly payment
$10,512/mo
Principal $1,580,000 · Est. interest $2,204,241 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in IowaCity, IA
- $360,000
- Median Listing Price
- 71
- Median Days on Market
- 1,797
- Median Sq Ft
- $195
- Median Price / Sq Ft
- 268
- Active Listings
- This home’s price is 449% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in IowaCity, IA.
Location
Points of Interest in IowaCity, IA
Showing the IowaCity area map.
Nearby Schools
Longfellow Elementary School
Elementary · 0.8 mi away
Mark Twain Elementary School
Elementary · 0.9 mi away
University of Iowa Department of Cinematic Arts
School · 1.0 mi away
Melrose Day Care Center
Elementary · 1.0 mi away
Mann Elementary School
Elementary · 1.4 mi away
Tate High School
Secondary · 1.4 mi away
Pci Academy Iowa City
School · 1.5 mi away
Iowa City High School
Secondary · 1.5 mi away
Grant Wood Elementary School
Elementary · 1.6 mi away
Herbert Hoover Elementary School
Elementary · 1.6 mi away
Horn Elementary School
Elementary · 1.6 mi away
Southeast Junior High School
Secondary · 1.7 mi away
Lincoln Elementary School
Elementary · 1.7 mi away
Alexander Elementary
Elementary · 1.7 mi away
Regina Junior Senior High School
Secondary · 1.9 mi away
Regina Elementary School
Elementary · 1.9 mi away
Champions at Lucas Elementary
Elementary · 2.1 mi away
Lucas Elementary School
Elementary · 2.1 mi away
Bohumil Shimek Elementary School
Elementary · 2.2 mi away
Iowa City Community School District
School · 2.4 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 403 Westwinds Dr # 461, IowaCity, IA | $1,400,000 | — | 1 | 11,088 |
| 1130 S Scott Blvd, IowaCity, IA | $1,400,000 | — | — | — |
| 2858 Buckle Down Cir, IowaCity, IA | $1,435,000 | 5 | 5 | 4,409 |
| 0000 Sand Rd, IowaCity, IA | $1,441,800 | — | — | — |
| 404 E College St No. 1101 + 1102, IowaCity, IA | $1,500,000 | 2 | 2 | 2,430 |
| Lot 7 Iwv Commercial Park, IowaCity, IA | $1,505,434 | — | — | — |
Moving Cost Estimate
EXIT Agents in IowaCity
Listing Courtesy: Lepic-Kroeger, REALTORS - 3193518811
Presented by: Rich Hatch