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    Mixed-Use Redevelopment with Parking
    Updated: May 15
    Mixed-Use Redevelopment with Parking

    1104 S Gilbert St, Iowa City, IA 52240

    $1,975,000
    14,879 sqft
    Three‑parcel mixed‑use property (commercial parcels plus leased multifamily units) with month‑to‑month leases
    Current commercial tenants include Old Screen Printers, Summer of the Arts, and Drip Couture
    Coin Shop space scheduled to be vacated in July for owner use or new tenancy
    0.77‑acre lot with 240 x 140 lot dimensions and frontage on paved county road
    Year built 1950; interior flooring includes concrete slab grade, carpet, and vinyl
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    This listing looks promising.

    Here's a quick look at some key insights for

    1104 S Gilbert St, Iowa City, IA 52240

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    • Est. Cap Rate

      7.1%
      Above avg (5.9%)

    • Est. NOI

      $141K
      Annual

    • Price @ 7% Cap

      $2.01M
      Above asking

    • Property Type

      Commercial (General)
      Built 1971
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    Mixed-Use Development Land Site
    Updated: Jun 15
    Mixed-Use Development Land Site

    Iowa City, IA 52240

    $1,700,000
    0.55 AC lot
    Riverfront Crossing District development site at 1020 Gilbert St & 320 First St in Iowa City.
    Approximately 0.55‑acre site offered at $1,700,000 (about $71/SF).
    Zoning incentives support dense, mixed‑use development with ground‑floor commercial and apartments/condos above up to 6–7 stories.
    Garage currently used by the owner occupies the property, with immediate redevelopment and no tenant relocation concerns mentioned.
    Contiguous assemblage available with the parcel to the north for a combined 1.13‑acre development site at $3,500,000 total.
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    Three-Parcel Commercial Site
    Three-Parcel Commercial Site

    Iowa City, IA 52240

    $1,975,000
    0.77 AC lot

    Three commercial parcels in Iowa City with leased multifamily units and retail space, plus a July vacancy for new use.

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    Redevelopment Land for Apartment Project
    Redevelopment Land for Apartment Project

    Iowa City, IA 52240

    $4,750,000
    1.59 AC lot

    City-approved redevelopment site for 192 apartment units and 382 beds, with specified parking and bike requirements.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    100-Unit Cooperative Apartment Building
    100-Unit Cooperative Apartment Building

    Iowa City, IA 52240

    $6,975,000

    A 100-unit cooperative apartment project with all units leased, including 1- and 2-bedroom apartments.

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    Rental Condominium Community
    Rental Condominium Community

    Iowa City, IA 52246

    $1,400,000

    Twelve 2-bedroom rental condominiums with in-unit laundry and single-car garages, with ongoing condo-regime improvements underway.

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    Three-Building Apartment Portfolio
    Three-Building Apartment Portfolio

    Iowa City, IA 52246

    $3,650,000

    For sale three-building multifamily property with 42 units, including studios and one-bedrooms, and recent roof replacement.

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    Iowa City Cooperative Investment Property
    Iowa City Cooperative Investment Property

    1100 Arthur St, Iowa City, IA 52240

    $7,350,000
    4,968 sqft 3.77 AC lot

    100-unit cooperative project with units leased, great investment opportunity.

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    10-Unit Apartment Building
    10-Unit Apartment Building

    2432 Petsel Pl, Iowa City, IA 52246

    $950,000

    10-plex with functional unit layouts and ample off-street parking, currently maintaining steady occupancy.

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    Twelve-Unit Multifamily Property
    Twelve-Unit Multifamily Property

    429-451 S Scott Boulevard, Iowa City, IA 52245

    $1,295,000

    Well-maintained 12-unit building with 2-bedroom, 1-bath units and HVAC replacements completed in May 2022.

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    Multifamily Investment Property Near Campus
    Multifamily Investment Property Near Campus

    732, 736, 740 Michael St, Iowa City, IA 52246

    $3,650,000
    16,128 sqft

    Three buildings with 42 units near UIHC and Kinnick Stadium.

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    Based on your search, we've compiled 21 Potential Opportunities for your consideration. Besides 11 Active listings in Iowa City, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 2 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Two-Bedroom 8-Unit Apartment Portfolio
    Two-Bedroom 8-Unit Apartment Portfolio

    16 Aossey Lane SW, Cedar Rapids, IA 52404

    $2,100,000
    36,000 sqft 1.52 AC lot

    32-unit multifamily property with spacious two-bedroom, one-bath apartments in four well-maintained eight-unit buildings.

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    30-Unit Multifamily Apartment Complex
    30-Unit Multifamily Apartment Complex

    806 15th Avenue SW, Cedar Rapids, IA 52404

    $1,900,000
    23,590 sqft

    Well-maintained four-building apartment complex with updated interiors, off-street parking, and on-site laundry facilities.

    View details
    Apartment Building with Vacant Commercial Space
    Apartment Building with Vacant Commercial Space

    320 2nd St, Coralville, IA 52241

    $5,950,000
    2.62 AC lot

    North and south apartment buildings include vacant commercial space and a mix of studio through three-bedroom short-term units.

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    Mixed-Use Apartment Building
    Mixed-Use Apartment Building

    320 2nd St, Coralville, IA 52241

    $5,950,000

    Apartment building combines short-term rentals with vacant commercial space on the north building.

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    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Retail-Zoned Development Land Opportunity
    Retail-Zoned Development Land Opportunity

    N West Bypass, Springfield, MO 65802

    $2,850,000
    29.20 AC lot

    29.2-acre site with retail zoning and conditional overlay, approved for 352 apartments and multiple residential lot configurations.

    View details
    Commercial Buildable Land Parcel
    Commercial Buildable Land Parcel

    801 NW 36th Avenue, Norman, OK 73072

    $250,000
    0.74 AC lot

    Buildable lot with approximately 370 feet of frontage on NW 36th Avenue and soil/engineering testing already completed.

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    Buildable Lot for Luxury Condos
    Buildable Lot for Luxury Condos

    801 36th Ave NW, Norman, OK 73072

    $285,000
    0.74 AC lot

    0.74 acre buildable lot zoned for low-density apartments.

    View details
    Asheville Development Opportunity: 5.94 Acres
    Asheville Development Opportunity: 5.94 Acres

    215 N Bear Creek Road, Asheville, NC 28806

    $2,500,000
    5.94 AC lot

    5.94-acre parcel zoned RM6, ideal for multi-family development.

    View details

    Off-Market Properties in Iowa City, IA

    Consider similar Off-Market properties in Iowa City, IA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    Dubuque St
    Multifamily properties

    0 Dubuque St, Iowa City, IA 52245

    Value Estimation by Request
    1.00 AC lot
    View details
    732 Michael St
    Multifamily properties

    732 Michael St, Iowa City, IA 52246

    Value Estimation by Request
    16,128 sqft 1.05 AC lot
    View details

    Iowa City, IA Apartment Buildings Market Trends and Statistics

    Explore 13 apartment buildings for sale in Iowa City, IA, showcased through 11 active listings on our real estate platform. These investment opportunities span a total of 35,975 square feet of properties for sale, with an estimated market value of $35,670,000.

    Sale prices for two-family homes in Iowa City, IA start at $950,000, averaging $3,242,727, and reaching up to $7,350,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 108K
    Population Growth (5Y) +35.7%
    Median Household Income $62,209
    College Educated 50.5%

    High-Yield Neighborhoods for Investment

    Identify Iowa City submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    52246 $2.9M
    52240 $3.2M

    Taxes & Financing

    Tax Rate (average for all types) 3.25%
    Property Tax per SF $18.14 per SF
    Tax Rate vs County Average 0.17 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Johnson County

    New Delisted

    Total CRE Inventory on Market (SF)

    Property Size Breakdown

    The majority of commercial real estate listings in Iowa City fall within the 100,000+ square foot range.

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    • 52240
    • 52246

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