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    Mixed-Use Development Land with Garage Title is generated by Realmo AI

    1020 S Gilbert St, Iowa City, IA 52240

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    Claim this Listing
    New
    For Sale
    $1,700,000

    Commercial - IowaCity, IA

    Lot size:
    0.55 Acres
    Added:
    Jun 15, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 16 at 5:06 pm

    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

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    Listing Contact
    Jeff Edberg
    Jeff Edberg

    Listing agent Jeff Edberg

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

    Listing date Jun 15, 2026

    MLS# 202603841 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

    • 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.
    • Access from the south via First Street; positioned near entertainment, dining, shopping, and public transportation, minutes from downtown and the University of Iowa.

    Overview

    This for-sale development parcel is located in Iowa City’s Riverfront Crossing District and includes a garage currently used by the owner, allowing for redevelopment without tenant relocation concerns. The property is identified as 1020 S Gilbert St and is also described with an associated address at 320 First Street within the Riverfront Crossing District. Zoning is listed as CI1 RFC, with a framework that supports a ground-floor commercial component and vertical residential development above. The district’s form-based zoning incentives are described as encouraging dense, mixed-use urban projects, with residential or condominium development anticipated up to six to seven stories.

    Access is described as convenient from the south via First Street. The site is positioned near entertainment, dining, shopping, and public transportation, and the remarks note it is minutes from downtown and the University of Iowa campus.

    For developers and builders, the site offers a mixed-use redevelopment opportunity consistent with the stated CI1 RFC framework, including the possibility of ground-floor uses alongside apartments or condominiums above. The property is also described as an assemblage opportunity with a contiguous parcel to the north to create a combined 1.13-acre development site.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Iowa City
    County
    Johnson
    State
    Iowa
    Longitude
    -91.531666
    Latitude
    41.648593

    FAQs

    What type of property is this?
    Commercial land - Development site in the Riverfront Crossing District with an existing owner-used garage and ground-floor commercial potential.
    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: 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.
    More about this property
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