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Three-Parcel Commercial Site

1104 S Gilbert St, Iowa City, IA 52240

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For Sale

$1,975,000

COMMERCIAL - IowaCity, IA

Lot size:

0.77 Acres

HighLights

3 commercial parcels included
Fully leased multi‑family units with month‑to‑month leases
Current commercial tenants include Old Screen Printers, Summer of the Arts, and Drip Couture
Coin Shop space scheduled to be vacated in July
Built in 1950 with block and frame construction
Roof includes composition and metal; heating includes natural gas, steam, and forced air; cooling includes central air and window units

We can help!

Contact an agent

Rich Hatch

For Sale

$1,975,000

COMMERCIAL - IowaCity, IA

Lot size:

0.77 Acres

Added:: May 15, 2026
Days on Market:: 49
Last Refresh:: Jul 2 at 11:06 am

Property Features for 1104 S Gilbert St

General Information

Property type: Commercial Sale
Property subtype: Other
Zoning: commercial
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, Steam, Forced Air
Cooling system: Central Air, Window Unit(s)

Building Details

Year built: 1950
Flooring type: Vinyl, Carpet, Concrete
Building materials: Block, Frame
Roof type: Composition, Metal

We can help!

Contact an agent

Rich Hatch

Listing agent Rich Hatch License #S60692000

Listing office Lepic-Kroeger, REALTORS 2346 MORMON TREK BLVD SUITE #2000, Iowa City, IA

Listing date May 15, 2026

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.

HighLights

3 commercial parcels included
Fully leased multi‑family units with month‑to‑month leases
Current commercial tenants include Old Screen Printers, Summer of the Arts, and Drip Couture
Coin Shop space scheduled to be vacated in July
Built in 1950 with block and frame construction
Roof includes composition and metal; heating includes natural gas, steam, and forced air; cooling includes central air and window units

Overview

This for-sale commercial property consists of three commercial parcels totaling 0.77 acres and includes fully leased multi-family units with month-to-month leases. The offering also includes commercial space with current tenants: Old Screen Printers, Summer of the Arts, and Drip Couture. In addition, the Coin Shop space is scheduled to be vacated in July, creating an opening for owner use or new tenancy.

Located at 1104 S Gilbert St in Iowa City, the property is described as high-visibility with strong traffic exposure and excellent accessibility. The seller notes it is positioned just minutes from the University of Iowa campus and benefits from steady pedestrian and vehicle activity, along with ample parking. The broader surrounding area is characterized as close to shopping, dining, entertainment, and public transportation.

With a mix of month-to-month residential income and multiple operating retail tenants, this site can fit owner-occupants seeking flexibility as well as developers evaluating redevelopment or repositioning options across the three parcels. The scheduled July vacancy can also support an operator looking to time an expansion or transition of commercial use within the same overall property.

Property Profile Location Intelligence

Current Use by Public Records

Rodney's Jamaican Jerk ... Restaurant Wich-Uh-Waffle Take-out & Catering

Suggested Use

Location Insight

Map
Local Demand

City: Iowa City
County: Johnson
State: Iowa
Longitude: -91.531703
Latitude: 41.648149

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For sale
Apartment buildings
IA
Iowa City
52240
1104 S Gilbert St

What type of property is this?

Apartment building - Three commercial parcels in Iowa City with leased multifamily units and retail space, plus a July vacancy for new use.

Where is this apartment building 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: 3 commercial parcels included; Fully leased multi‑family units with month‑to‑month leases; Current commercial tenants include Old Screen Printers, Summer of the Arts, and Drip Couture

1104 S Gilbert St, Iowa City, IA 52240

COMMERCIAL - IowaCity, IA

Property Features for 1104 S Gilbert St

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

ADA-Accessible Office Suite with Atrium

Leased NNN Retail Investment

Elevator-Served Office Suites

Historic Restaurant and Bar Building

Flex Building with Heated Shop

Windowed Office Suite with Signage

Remodeled Two-Story Duplex

Elevator-Served Office Condo

Elevator-Served Office Building

Flex Office-Bay Building

Restaurant Condo Building with Patio

Split-Level Duplex with Two Garages

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