About This Home

This 0-bedroom, 0-bathroom commercial at 1104 S Gilbert St in Iowa City, IA is listed for $1,975,000. Built in 1950, on a 0.77 acres lot.

Key Features

  • Built in 1950
  • 0.77 acre lot

Property Details

1950

Amenities

A/C
Listing 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.

Monthly Cost Estimate

$10,563/mo

20% down · 6.5% · 30 years

Principal$1,428
Interest$8,558
Insurance$576

Estimates only. Actual payments may vary.

Location

1104 S Gilbert St

Iowa City, IA 52240

Property Details

Flooring

ConcreteCarpetVinyl

Construction

Block Frame

Heating

SteamNatural GasForced Air

Cooling

Window Unit(s)Central Air

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 1104 S Gilbert St is listed at $1,975,000. The estimated monthly payment is $10,563 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1950, 0.77 acre lot.

This property is listed by Rich Hatch.

RH

Rich Hatch

Agent at Lepic-Kroeger, REALTORS

Listed by Lepic-Kroeger, REALTORS · Broker phone: (319) 351-8811 · Broker website

MLS# 202603248· Source: Iowa City Area Association of REALTORS®· 171 days on PropertySimple

Copyright © 2026 Iowa City Area Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1104 S Gilbert St, Iowa City, IA 52240

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