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About This Home
This 0-bedroom, 0-bathroom commercial at 1104 S Gilbert St in Iowacity, IA is listed for $1,975,000. Built in 1950, on a 0.77 acres lot.
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.
Key Features
- Built in 1950
- 0.77 acre lot
Property Details
Monthly Cost Estimate
$10,563/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1104 S Gilbert St
Iowacity, IA 52240
Property Details
Flooring
Construction
Heating
Cooling
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 1104 S Gilbert St is listed at $1,975,000. The estimated monthly payment is $8,558 based on 20% down at 6.5% interest.
Key features include: Built in 1950, 0.77 acre lot.
This property is listed by Rich Hatch and can be reached at 3196318530 or RichHatchHomes@gmail.com.
