Restaurant Business With
New
For Sale
$125,000
525 S Gilbert St, Iowa City, IA 52240
Commercial Sale, Iowa City, IA
Property SizeContact for details
Lot Size0.06 Acres
Days on Market3
Property Features for 525 S Gilbert St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
RFC-SD
Interior features
Zero-Step Entry
Directions
S. Gilbert, just north of the Prentiss St intersection.
Subdivision
Iowa City
Standard status
Active
APN
1015132006
Lot size
0.06 Acres
Tenancy & Operations
Currently Operating
Yes
Business Included
Yes
Taxes and HOA fees
Tax Year
2025
Utilities
Utilities
Cable Available
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Amenities
audio system
Building Details
Year built
1900
Flooring type
Wood, Tile - Ceramic
Building materials
Brick, Frame
Listing Agency:
Lepic-Kroeger, REALTORS
(319) 351-8811
Listed By:
Jeff Edberg
(319) 331-6187
Added: Oct 27
Last Checked: Oct 29 at 1:06PM
MLS# 202606293
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.
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Investment Insights
Based on property information with market context.
The offering is a restaurant and bar business, not the real estate, operating at 525 S Gilbert St in Iowa City. The premises include indoor seating, a full bar, and pass-through windows connecting to a private 888-square-foot patio. The business is subject to an existing lease.
The restaurant is open daily. Weekend service runs until 2:00 AM, while Monday, Tuesday, Wednesday, and Sunday hours extend to midnight. The property is zoned RFC-SD.
The restaurant is open daily. Weekend service runs until 2:00 AM, while Monday, Tuesday, Wednesday, and Sunday hours extend to midnight. The property is zoned RFC-SD.
Key Highlights
- Private patio measures 888 square feet and connects to the restaurant through pass‑through windows
- Business sale only; premises are subject to an existing lease
- Full bar with indoor seating
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
2,339
Businesses Nearby
102k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 44%
Dining 33%
Hotels & Casinos 23%
Kum & Go
Shops & Services
16,225 visits/mo
0.2 miles
Starbucks
Dining
14,510 visits/mo
0.4 miles
Hilton Garden Inn
Hotels & Casinos
11,525 visits/mo
0.3 miles
U.S. Bank
Shops & Services
9,793 visits/mo
0.4 miles
Blick Art Materials
Shops & Services
7,268 visits/mo
0.4 miles
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- River Room Café — Iowa Memorial Union, 125 N Madison St, Iowa City, IA 52242
- Burge Market Place — Burge Residence Hall, 301 N Clinton St, Iowa City, IA 52242
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The operation combines indoor dining, a full bar, and a private outdoor patio.
Where is this conventional restaurant located?
The property is located at 525 S Gilbert St Iowa City, IA.
What is the asking price?
The asking price for this property is $125,000.
What are key features of this property?
This property features: Private patio measures 888 square feet and connects to the restaurant through pass‑through windows; Business sale only; premises are subject to an existing lease; Full bar with indoor seating
