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    Downtown Bar and Restaurant Building

    405 S Gilbert St Iowa City, IA 52240

    Claim this Listing
    For Lease
    $22 SF/Yr

    COMMERCIAL - IowaCity, IA

    Lot size:
    0.09 Acres
    Added:
    Apr 2, 2026
    Days on Market:
    101
    Last Refresh:
    Jul 11 at 10:06 am

    Property Features for 405 S Gilbert St

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    RFC-SD
    Standard status
    Active
    APN
    1015131002
    Lot size
    0.09 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    6

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1900
    Flooring type
    Wood, Vinyl, Concrete
    Building materials
    Brick, Frame
    Roof type
    Metal, Tar/Gravel

    Listing agent Jeff Edberg License #IA B33730000

    Listing office Lepic-Kroeger, REALTORS 2346 MORMON TREK BLVD SUITE #2000, Iowa City, IA

    Listing date Apr 2, 2026

    MLS# 202602209

    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 property is a historic bar and restaurant building offered for lease, with interior character and an upper floor that provides office space for management and employees plus additional storage. While the kitchen equipment has been removed, key components remain in place, including the hood and Ansul system, along with walk-in coolers and a walk-in freezer. The existing layout is supported by a convenient walkway from the back parking lot to the front of the building.

    The site is located in downtown Iowa City and is positioned to draw pedestrian activity, particularly given the surrounding college scene referenced in the remarks. The property also maintains a 2:00 a.m. liquor license, which may support operators planning a nightlife-oriented concept, subject to applicable requirements.

    For tenants or concepts looking to reintroduce a bar or restaurant use, the building offers a ready-to-adapt footprint with practical back-of-house infrastructure still present for cold storage and fire suppression. The split between primary public/operational space and upper-floor offices can be useful for operators who need on-site management, employee workspace, or storage within the same building.

    Key Highlights

    • Historic Sanctuary Pub building with brick and frame construction; year built 1900
    • Heating: forced air with natural gas; cooling: central air
    • Roof includes metal and tar/gravel materials

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Sanctuary Restaurant

    Suggested Use

    (Bike/Boat/Book/etc) Store Butcher (Bike/Boat/Book/etc) Store Pet Store Electrical Service HVAC Service Pet Store & Service Furniture & Home Goods (Bike/Boat/Book/etc) Store Clothing & Fashion Store

    Zoning and permitted uses should be independently verified with local authorities.

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    FAQs

    What type of property is this?
    Bar & Pub - Historic bar and restaurant space with upper-floor offices and remaining kitchen fire-suppression equipment.
    Where is this bar & pub located?
    The property is located at 405 S Gilbert St Iowa City, IA.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: Historic Sanctuary Pub building with brick and frame construction; year built 1900; Heating: forced air with natural gas; cooling: central air; Roof includes metal and tar/gravel materials
    Contact an agent
    (319) 331-6187
    We can help!
    Contact an agent
    Jeff Edberg
    Jeff Edberg
    Real Estate License ID: IA B33730000
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