Riverfront Commercial Development
For Sale
$1,700,000
1020 S Gilbert St, Iowa City, IA 52240
Land, IowaCity, IA
Property SizeContact for details
Lot Size0.55 Acres
Days on Market72
Property Features for 1020 S Gilbert St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CI1 RFC
Directions
Northeast corner of the S Gilbert St and E 1st St intersection
Subdivision
IowaCity
Standard status
Active
APN
1015301006, 1015301007
Lot size
0.55 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
4914
Building Details
Additional Structures
Garage(s)
Listing Agency:
Lepic-Kroeger, REALTORS
(319) 351-8811
Listed By:
Jeff Edberg · License #B33730000
(319) 331-6187
Added: Jun 15
Changed: Aug 19
Last Checked: Aug 25 at 7:06PM
MLS# 202603841
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.
Investment Insights
Based on property information with market context.
This approximately 0.55-acre commercial land parcel occupies the Riverfront Crossing District at 1020 S Gilbert St and 320 First Street in Iowa City. An existing garage used by the owner is situated on the site, providing a current improvement within an area positioned for redevelopment. Zoning is identified as CI1 RFC.
The district’s form-based framework supports a ground-floor commercial component, with potential for management or recreational amenities and residential apartments or condominiums above. Development parameters described for the site extend to six to seven stories. Access is available from First Street, while the property is near downtown, the University of Iowa campus, entertainment, dining, shopping, and public transportation.
An assemblage with the contiguous parcel to the north could create a combined 1.13-acre development site.
The district’s form-based framework supports a ground-floor commercial component, with potential for management or recreational amenities and residential apartments or condominiums above. Development parameters described for the site extend to six to seven stories. Access is available from First Street, while the property is near downtown, the University of Iowa campus, entertainment, dining, shopping, and public transportation.
An assemblage with the contiguous parcel to the north could create a combined 1.13-acre development site.
Key Highlights
- Approximately 0.55 acres in Iowa City's Riverfront Crossing District
- CI1 RFC zoning with a form‑based development framework
- Ground‑floor commercial component supported, with apartments or condominiums above
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,370
Businesses Nearby
Explore this area
Business Placement
Demographics for 52240, IA
34,224
Population
17,035
Households
2
Avg Household Size
29
Median Age
47%
College-Educated
94%
High-School Grad
142.1 sq mi
ZIP Area
241
Density / Sq Mi
$55,189
Median Household Income
$25,508
Median Earnings
$1,065
Median Rent
$241,100
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Form-based zoning supports dense, mixed-use urban development with commercial space at street level.
Where is this commercial land located?
The property is located at 1020 S Gilbert St Iowa City, IA.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Approximately 0.55 acres in Iowa City's Riverfront Crossing District; CI1 RFC zoning with a form‑based development framework; Ground‑floor commercial component supported, with apartments or condominiums above
