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Flex Space with Overhead Door
For Lease
$1,700/Mo

1024 Gilbert Ct, Iowa City, IA 52240

Front office and retail area pairs with rear warehouse space under a gross lease.

Space Size2,000 SF
Days on Market362

Property Features for 1024 Gilbert Ct

General Information

Standard status Active
Size 2,000 SF
Net Rentable 2,000 SF
Zoning CC2
Lease Type Gross

Space & Availability

Available Space 2,000 SF
Contiguous Space 2,000 SF

Warehouse & Industrial

Warehouse Space 1,050 SF
Office Build-Out 950 SF
Warehouse Heated Yes

Amenities

half bath
overhead door
Reznor Heater
large front retail window

Building Details

Year Built 2014
Listing Agency: Ambrose & Associates, REALTORS
Listed By: Tina Frantz
Source: Kalonarealty
Added: Oct 28, 2025 Changed: Oct 24 Last Checked: Oct 24 at 2:41PM

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 Ambrose & Associates, REALTORS

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Investment Insights

Based on property information with market context.

Built in 2014, this flex property combines an open office or retail area at the front with garage and warehouse space behind it. The front section is approximately 950 SQFT and includes a half bath and a large retail window that brings in natural light. The rear portion is approximately 1050 SQFT, with an 8'x8' overhead door and a Reznor heater. Both sections are contiguous.

The property is zoned CC2. Auto repair is a restricted use. The lease is gross, with the tenant responsible for utilities, and ample parking is available.

Key Highlights

  • Approximately 950 SQFT of front office or retail space with half bath
  • Approximately 1050 SQFT of rear garage or warehouse area
  • 8'x8' overhead door and Reznor heater

Property Analytics

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Current Use

O'Keefe Elevator Co General Contractor Heartland Wood Creations Home Decor Store

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store HVAC Service Furniture & Home Goods Butcher Nursing Home Clothing & Fashion Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Gross
Lease Type

Location Intelligence

Trade Area within ½ mile

1,304
Businesses Nearby
Balanced
Demand for This Use

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Iowa City, IA

$13.1 /SF/Yr
Avg Asking Price
$9.63–$14.65 /SF/Yr
Price Range
6,551 SF
Avg Space Size

This space is priced 22% below the average of $13.1 /SF/Yr.

Vacancy Rate% for Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025

Similar Off Market Nearby

  • SELINA'S CREATIONS — 611 Southgate Ave, Iowa City, IA 52240
  • Hy-Vee Catering — 1720 Waterfront Dr, Iowa City, IA 52240
  • Firehouse Subs HWY One IC — 161 Hwy 1 W, Iowa City, IA 52246
  • Wich-Uh-Waffle — 1104 S Gilbert St, Iowa City, IA 52240
  • Nurture Kitchen — 335 S Gilbert St, Iowa City, IA 52240

Frequently Asked Questions

What type of property is this?
Flex space - Front office and retail area pairs with rear warehouse space under a gross lease.
Where is this flex space located?
The property is located at 1024 Gilbert Ct Iowa City, IA.
What is the lease rate?
The lease rate is $1,700/Mo.
What are key features of this property?
This property features: Approximately 950 SQFT of front office or retail space with half bath; Approximately 1050 SQFT of rear garage or warehouse area; 8'x8' overhead door and Reznor heater
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