1020 S Gilbert St Iowa City, IA 52240
- Added:
- Jan 13, 2026
- Days on Market:
- 115
- Last Refresh:
- May 8 at 4:06 am
Property Features for 1020 S Gilbert St
General Information
- Property type
- Land
- Property subtype
- Other
- Zoning
- CI1 RFC
- Standard status
- Active
- APN
- 1015301006, 1015301007
- Lot size
- 0.55 Acres
Taxes and HOA fees
- Tax Annual Amount
- 4914
Building Details
- Architectural style
- Other
Listing agent Jeff Edberg (319) 331-6187
Listing office Lepic-Kroeger, REALTORS 2346 MORMON TREK BLVD, Iowa City, IA (319) 351-8811
Listing date Jan 13, 2026
MLS# 202600372
Listing URL
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.
HighLights
- Prime multi‑housing development opportunity in the highly sought‑after Riverfront Crossing District.
- Form‑based zoning incentives encourage dense, mixed‑use urban projects with ground‑floor commercial space and multi‑story residential units.
- Immediate redevelopment possible with no tenant relocation concerns due to current owner occupancy of the existing garage.
- Assemblage opportunity exists with the contiguous parcel to the north, creating a combined 1.13‑acre development site.
- Convenient access from First Street and proximity to entertainment, dining, shopping, and public transportation.
- Minutes from downtown and the University of Iowa campus.
Overview
Iowa City Development Opportunity
This 0.55-acre development site is located in the Riverfront Crossing District at 1020 Gilbert Street & 320 First Street, Iowa City. It presents a multi-housing development opportunity in a sought-after area. The district's form-based zoning incentives encourage dense, mixed-use urban projects. The zoning supports a ground-floor commercial component, which may also incorporate building management or recreational amenities, with apartments or condominiums above rising to six to seven stories. The property is offered at $1,700,000, equating to approximately $71 per square foot. A garage currently used by the owner occupies the property, allowing for immediate redevelopment with no tenant relocation concerns. An assemblage opportunity exists with the contiguous parcel to the north, creating a combined 1.13-acre development site with a total offering price of $3,500,000. Convenient access is available from the south via First Street. The property is ideally positioned near entertainment, dining, shopping, and public transportation, just minutes from downtown and the University of Iowa campus. The zoning is CI1 RFC.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Commercial land
Location Insight
- Map
- Local Demand
- City
- Iowa City
- County
- Johnson
- State
- Iowa
- Longitude
- -91.531666
- Latitude
- 41.648593
Nearby Similar for Sale
FAQs
What type of property is this?
Commercial land - 0.55 acre development site in Riverfront Crossing District.
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: Prime multi‑housing development opportunity in the highly sought‑after Riverfront Crossing District.; Form‑based zoning incentives encourage dense, mixed‑use urban projects with ground‑floor commercial space and multi‑story residential units.; Immediate redevelopment possible with no tenant relocation concerns due to current owner occupancy of the existing garage.
