Mixed-Use Development
For Sale
$1,700,000
1020 S Gilbert St, Iowa City, IA 52240
Land, Iowa City, IA
Property SizeContact for details
Lot Size0.55 Acres
Days on Market139
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
Iowa City
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: Oct 16
Last Checked: Oct 31 at 1:06AM
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.
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Investment Insights
Based on property information with market context.
This 0.55-acre commercial land parcel includes a garage currently used by the owner. The CI1 RFC zoning framework supports a ground-floor commercial component, with apartments or condominiums above in buildings rising six to seven stories. The commercial space may also accommodate building management or recreational amenities.
Access is available from the south via First Street. Dining, shopping, entertainment, and public transportation are nearby, with downtown Iowa City and the University of Iowa campus a short drive away.
A contiguous parcel to the north may be assembled with the property, creating a combined 1.13-acre development site.
Access is available from the south via First Street. Dining, shopping, entertainment, and public transportation are nearby, with downtown Iowa City and the University of Iowa campus a short drive away.
A contiguous parcel to the north may be assembled with the property, creating a combined 1.13-acre development site.
Key Highlights
- Approximately .55 acres of commercial land
- CI1 RFC zoning framework supports commercial space at ground level with apartments or condominiums above, reaching six to seven stories
- Existing garage is currently used by the owner
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,370
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Commercial land - CI1 RFC zoning supports a commercial ground floor with residential space above.
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 .55 acres of commercial land; CI1 RFC zoning framework supports commercial space at ground level with apartments or condominiums above, reaching six to seven stories; Existing garage is currently used by the owner
