Riverfront Crossing Development
For Sale
$1,700,000
1020 S Gilbert St, Iowa City, IA 52240
Development site in Riverfront Crossing District near downtown and university.
Property SizeContact for details
Lot Size0.55 Acres
Days on Market97
Property Features for 1020 S Gilbert St
General Information
Standard status
Active
Lot size
0.55 Acres
Property subtype
Lot-Land
Zoning
CI1 RFC
Taxes and HOA fees
Annual Taxes
$4,914
Amenities
Irregular
0.55
CountyRoad,Paved
Listing Agency:
AWRE - Commercial & Development
(319) 213-1157
Listed By:
Lydia Fitzgerald · License #B33730000
(319) 213-1157
Source:
Pinnaclerealtyia
Added: May 20
Changed: Aug 23
Last Checked: Aug 23 at 4:09AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of AWRE - Commercial & Development
Investment Insights
Based on property information with market context.
This development site is located in the Riverfront Crossing District at 1020 Gilbert Street & 320 First Street, Iowa City. The property is a multi-housing development opportunity situated in the Riverfront Crossing District, which features form-based zoning incentives intended to 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 site consists of approximately 0.55 acres, offered at 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. The property offers convenient access from the south via First Street and is ideally positioned near entertainment, dining, shopping, and public transportation, just minutes from downtown and the University of Iowa campus.
Key Highlights
- Prime multi‑housing development site in the highly desirable Riverfront Crossing District.
- Form‑based zoning incentives encourage dense, mixed‑use projects with ground‑floor commercial space and multi‑story residential units.
- Immediate redevelopment opportunity with no tenant relocation needed.
Property Analytics
Property Profile
Current Use
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 - Development site in Riverfront Crossing District near downtown and university.
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 site in the highly desirable Riverfront Crossing District.; Form‑based zoning incentives encourage dense, mixed‑use projects with ground‑floor commercial space and multi‑story residential units.; Immediate redevelopment opportunity with no tenant relocation needed.
