Mixed-Use Property with Commercial
For Sale
$1,975,000
1104 S Gilbert St, Iowa City, IA 52240
CommercialSale, IowaCity, IA
Property SizeContact for details
Lot Size0.77 Acres
Days on Market103
Property Features for 1104 S Gilbert St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
commercial
Directions
East side of Gilbert St, N of HWY 6, S of Kirkwood
Subdivision
IowaCity
Standard status
Active
APN
1015305002-1015305004
Lot size
0.77 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
16206
Utilities
Heating system
Natural Gas, Forced Air, Steam
Cooling system
Central Air, Window Unit(s)
Building Details
Year built
1950
Flooring type
Concrete, Vinyl, Carpet
Building materials
Block, Frame
Roof type
Metal, Composition
Listing Agency:
Lepic-Kroeger, REALTORS
(319) 351-8811
Listed By:
Rich Hatch · License #S60692000
(319) 631-8530
Added: May 15
Changed: Aug 19
Last Checked: Aug 25 at 5:06PM
MLS# 202603248
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 mixed-use property comprises three commercial parcels totaling 0.77 acres in Iowa City. The improvements include multifamily units that are fully leased on month-to-month terms, along with commercial space occupied by Old Screen Printers, Summer of the Arts, and Drip Couture. A Coin Shop space is scheduled to become available in July, adding flexibility for future occupancy or owner use. Building materials include block and frame construction, with concrete, vinyl, and carpet flooring. Heating includes natural gas, forced air, and steam systems, while cooling is provided by central air and window units. The property was built in 1950 and has metal and composition roofing.
Located just minutes from the University of Iowa campus, the property has exposure to both pedestrian and vehicle traffic and is near shopping, dining, entertainment, and public transportation. On-site parking and commercial zoning support continued mixed-use occupancy or future repositioning, subject to applicable approvals.
Located just minutes from the University of Iowa campus, the property has exposure to both pedestrian and vehicle traffic and is near shopping, dining, entertainment, and public transportation. On-site parking and commercial zoning support continued mixed-use occupancy or future repositioning, subject to applicable approvals.
Key Highlights
- Three commercial parcels totaling 0.77 acres
- Commercial zoning in Iowa City
- Multifamily units are fully leased with month‑to‑month leases
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,207
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercially zoned Iowa City property combining leased multifamily units with existing retail and other commercial space.
Where is this mixed-use property located?
The property is located at 1104 S Gilbert St Iowa City, IA.
What is the asking price?
The asking price for this property is $1,975,000.
What are key features of this property?
This property features: Three commercial parcels totaling 0.77 acres; Commercial zoning in Iowa City; Multifamily units are fully leased with month‑to‑month leases
