Downtown Bar and Restaurant Building

405 S Gilbert St, Iowa City, IA 52240

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For Lease

$22 SF/Yr

COMMERCIAL - IowaCity, IA

Lot size:

0.09 Acres

HighLights

Historic Sanctuary Pub building with brick and frame construction; year built 1900
Heating: forced air with natural gas; cooling: central air
Roof includes metal and tar/gravel materials
Kitchen systems remaining include hood and Ansul system, plus walk‑in coolers and walk‑in freezer
Upper level includes offices for management and employees, plus storage
2am liquor license in place; total monthly rent (base + NNN) approximately $9,330/mo

We can help!

Contact an agent

Jeff Edberg

For Lease

$22 SF/Yr

COMMERCIAL - IowaCity, IA

Lot size:

0.09 Acres

Added:: Apr 2, 2026
Days on Market:: 92
Last Refresh:: Jul 2 at 10:06 am

Property Features for 405 S Gilbert St

General Information

Property type: Commercial Lease
Property subtype: Other
Zoning: RFC-SD
Standard status: Active
APN: 1015131002
Lot size: 0.09 Acres

Taxes and HOA fees

Tax Year: 2024
Tax Annual Amount: 6

Utilities

Heating system: Forced Air, Natural Gas
Cooling system: Central Air

Building Details

Year built: 1900
Flooring type: Wood, Vinyl, Concrete
Building materials: Brick, Frame
Roof type: Metal, Tar/Gravel

We can help!

Contact an agent

Jeff Edberg

Listing agent Jeff Edberg License #IA B33730000

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

Listing date Apr 2, 2026

MLS# 202602209

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

Historic Sanctuary Pub building with brick and frame construction; year built 1900
Heating: forced air with natural gas; cooling: central air
Roof includes metal and tar/gravel materials
Kitchen systems remaining include hood and Ansul system, plus walk‑in coolers and walk‑in freezer
Upper level includes offices for management and employees, plus storage
2am liquor license in place; total monthly rent (base + NNN) approximately $9,330/mo

Overview

This property is a historic bar and restaurant building offered for lease, with interior character and an upper floor that provides office space for management and employees plus additional storage. While the kitchen equipment has been removed, key components remain in place, including the hood and Ansul system, along with walk-in coolers and a walk-in freezer. The existing layout is supported by a convenient walkway from the back parking lot to the front of the building.

The site is located in downtown Iowa City and is positioned to draw pedestrian activity, particularly given the surrounding college scene referenced in the remarks. The property also maintains a 2:00 a.m. liquor license, which may support operators planning a nightlife-oriented concept, subject to applicable requirements.

For tenants or concepts looking to reintroduce a bar or restaurant use, the building offers a ready-to-adapt footprint with practical back-of-house infrastructure still present for cold storage and fire suppression. The split between primary public/operational space and upper-floor offices can be useful for operators who need on-site management, employee workspace, or storage within the same building.

Property Profile Location Intelligence

Current Use by Public Records

Sanctuary Restaurant

Suggested Use

Location Insight

Map
Local Demand

City: Iowa City
County: Johnson
State: Iowa
Longitude: -91.530522
Latitude: 41.656337

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For lease
Bars & Pubs
IA
Iowa City
52240
405 S Gilbert St

What type of property is this?

Bar & Pub - Historic bar and restaurant space with upper-floor offices and remaining kitchen fire-suppression equipment.

Where is this bar & pub located?

The property is located at 405 S Gilbert St Iowa City, IA.

What is the lease rate?

The lease rate is $22 SF/Yr.

What are key features of this property?

This property features: Historic Sanctuary Pub building with brick and frame construction; year built 1900; Heating: forced air with natural gas; cooling: central air; Roof includes metal and tar/gravel materials

405 S Gilbert St, Iowa City, IA 52240

COMMERCIAL - IowaCity, IA

Property Features for 405 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 Lease

Flex Warehouse with Two Overhead Doors

Flex Warehouse with Overhead Door

Downtown 3-Story Office Suite

Single-Tenant Office Suite

Warehouse with Office Showroom

Single-User Office Space

Elevator-Served Downtown Office Suite

Single-User Office Suite

Downtown Elevator-Served Office Suite

Two-Level Downtown Retail Space

Medical Office Suite with Abundant Windows

Medical Office Suite with Reception

FAQs