# 405 S Gilbert St, Iowacity, IA 52240

> **TL;DR:** commercial, $1,500,000, built 1900. Est. $6,500/mo. Listed 24 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $1,500,000 |
| Year Built | 1900 |
| Property Type | Commercial (Other) |
| Status | For Sale |
| Days on Market | 24 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $6,500 |
| **Total** | **$6,500** |

## Property Highlights

- Built in 1900

## Description

### Agent Description
Bring the historic Sanctuary Pub back to life or create your own vision for this iconic location.  The property has maintained its 2am liquor license to accommodate the active and vibrant college scene. The interior is rich with history and gives off a dark moody vibe. Kitchen equipment has been removed but the bones are good with the hood and Ansul system, walk-in coolers and walk-in freezer remaining.  The upper floor offers offices for management, employees and storage. A convenient walkway leads from the back parking lot to the front of the building but count on lots of foot traffic in this great downtown location.  Also for lease in separate listing.

## Location

- **Address:** 405 S Gilbert St, Iowacity, IA 52240
- **County:** Johnson
- **Coordinates:** 41.656337, -91.530522
- **Google Maps:** https://www.google.com/maps?q=41.656337,-91.530522

## Listing Agent

- **Name:** Jeff Edberg
- **Brokerage:** Lepic-Kroeger, REALTORS
- **Phone:** 3193316187
- **Email:** jeff@icrealestate.com

## Primary Photo

![405 S Gilbert St - Primary Photo](http://lh.rdcpix.com/7fd2d89d604f7104f72fa34b08276279l-f1471663238r.jpg)

*11 total photos available on [listing page](https://www.propertysimple.com/listing/405-s-gilbert-st-iowacity-ia-52240-02603054)*

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**MLS#:** 202603054 | **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/405-s-gilbert-st-iowacity-ia-52240-02603054)

---

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