1020 South Gilbert Street Iowa City, IA 52240

Listing Agency Lepic-Kroeger, REALTORS

Listed by Jeff Edberg · License #IA B33730000

Source Crexi

Added: May 18 Checked: Jul 19 at 3:54 am

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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.

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FAQs

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 South Gilbert Street 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.