Riverfront Commercial Development
For Sale
$1,700,000
1020 S Gilbert St, Iowa City, IA 52240
COMMERCIAL - IowaCity, IA
Property SizeContact for details
Lot Size0.55 Acres
Days on Market59
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
IowaCity
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: Aug 4
Last Checked: Aug 12 at 3:06AM
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.
Investment Insights
Based on property information with market context.
This approximately 0.55-acre commercial land holding includes an existing garage used by the owner and is positioned for redevelopment. The Riverfront Crossing District’s form-based zoning framework supports dense, mixed-use urban projects, including a ground-floor commercial component with potential building management or recreational amenities and apartments or condominiums above. The development framework allows structures rising to six to seven stories.
The site is located at 1020 Gilbert Street and 320 First Street in Iowa City, with access from the south via First Street. The property is near entertainment, dining, shopping, and public transportation, and sits minutes from downtown and the University of Iowa campus. A contiguous northern parcel is also available for assemblage, creating a combined 1.13-acre development site.
The site is located at 1020 Gilbert Street and 320 First Street in Iowa City, with access from the south via First Street. The property is near entertainment, dining, shopping, and public transportation, and sits minutes from downtown and the University of Iowa campus. A contiguous northern parcel is also available for assemblage, creating a combined 1.13-acre development site.
Key Highlights
- Approximately .55 acres in the Riverfront Crossing District
- CI1 RFC zoning with a form‑based framework for dense, mixed‑use projects
- Ground‑floor commercial component supported, with apartments or condominiums above
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
36
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 - Form-based zoning supports dense, mixed-use redevelopment with commercial space at street level and residential units 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 in the Riverfront Crossing District; CI1 RFC zoning with a form‑based framework for dense, mixed‑use projects; Ground‑floor commercial component supported, with apartments or condominiums above
