405 S Gilbert St, Iowa City, IA 52240

This property is a historic bar-and-restaurant concept space with an upper floor that provides offices for management and employees, along with storage. The interior retains the property’s original character, while key commercial kitchen improvements remain in place, including the hood and Ansul fire suppression system, as well as walk-in coolers and a walk-in freezer. Kitchen equipment has been removed, so the space is positioned for a tenant to outfit the operating components to their specific needs.

A convenient walkway connects from the back parking lot to the front of the building. The offering is described as being in a downtown setting with substantial foot traffic. The property also notes an existing 2am liquor license, which supports a nightlife-oriented operating model in line with local demand.

For a restaurateur or operator, the combination of active hospitality space, remaining commercial kitchen infrastructure, and dedicated upper-floor offices can support a full-service operation with on-site administrative and storage functions. For qualified users seeking a bar, restaurant, or hospitality concept that can take advantage of the existing liquor license, this building provides a clear starting point with core fire suppression and refrigeration systems still present.