# 1104 S Gilbert St, Iowacity, IA 52240

> **TL;DR:** commercial, $1,975,000, built 1950. Est. $8,558/mo. Listed 17 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $1,975,000 |
| Year Built | 1950 |
| Lot Size | 33,541 sqft (0.77 acres) |
| Property Type | Commercial (Other) |
| Status | For Sale |
| Days on Market | 17 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $8,558 |
| **Total** | **$8,558** |

## Property Highlights

- Built in 1950
- 0.77 acre lot

## Description

### Agent 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

- **Address:** 1104 S Gilbert St, Iowacity, IA 52240
- **County:** Johnson
- **Coordinates:** 41.648149, -91.531703
- **Google Maps:** https://www.google.com/maps?q=41.648149,-91.531703

## Listing Agent

- **Name:** Rich Hatch
- **Brokerage:** Lepic-Kroeger, REALTORS
- **Phone:** 3196318530
- **Email:** RichHatchHomes@gmail.com

## Primary Photo

![1104 S Gilbert St - Primary Photo](http://lh.rdcpix.com/b70427f48021d67a48b2a388a3b412a3l-f830559088r.jpg)

*18 total photos available on [listing page](https://www.propertysimple.com/listing/1104-s-gilbert-st-iowacity-ia-52240-02603248)*

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**MLS#:** 202603248 | **Updated:** 2026-06-17
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.com/listing/1104-s-gilbert-st-iowacity-ia-52240-02603248)

---

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