Contact us: 563.441.1776
Description
Exceptional development opportunity in the heart of Iowa City! This high-visibility commercial property includes three commercial parcels and offers endless potential for investors, developers, or owner-occupants seeking a prime location and excellent accessibility. The property features fully leased multi-family units with month-to-month leases, with future flexibility for redevelopment or repositioning. Current commercial tenants include Old Screen Printers, Summer of the Arts, and Drip Couture, with the Coin Shop space scheduled to be vacated in July. Just minutes from the University of Iowa campus, this property benefits from steady pedestrian and vehicle traffic, outstanding visibility, and close proximity to shopping, dining, and public transportation. Ample parking and flexible commercial space make this an ideal setting for retail, mixed-use redevelopment, office, restaurant, or investment purposes.
Property Highlights
Property Type: Commercial - Office
Year Built: 1950
General Information
County: Johnson
Listed By:
LEPIC-KROEGER, REALTORS
319-351-8811
Rich Hatch
Cedar Rapids MLS
MLS ID: 2603468
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1104 S Gilbert St , Iowa City, IA 52240.
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563-441-1862
toll free 866-441-1862
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| Loan Type | FHA 30 Year Fixed | VA 30 year fixed | 30 yr Jumbo |
| Purchase Price | $1,975,000 | $1,975,000 | $1,975,000 |
| Down Payment | $69,125 | $0 | $395,000 |
| Monthly Mortgage Amount | $11,783 | $12,258 | $9,600 |
| Taxes | $2749 | $2749 | $2749 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $1,185 | $0 | $0 |
| Monthly Estimated Total | $16,293 | $15,583 | $12,925 |
Disclaimer:
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 05/18/2026. The listing information on this page last changed on 05/18/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Mon 05/18/2026 7:02:23 AM EST) or MRED MLS (last updated Mon 05/18/2026 2:04:12 AM EST) or SCWMLS (last updated Sun 05/17/2026 11:54:39 PM EST) or Rockford Board of Realtors (NWIAR) (last updated Sun 05/17/2026 10:15:19 PM EST) or Cedar Rapids MLS (last updated Mon 05/18/2026 6:52:00 AM EST) or NEIRBR MLS (last updated Mon 05/18/2026 6:30:21 AM EST) or ICAAR MLS (last updated Sun 05/17/2026 11:37:30 PM EST) or ECIMLS (last updated Sun 05/17/2026 11:44:17 PM EST) or RMLSA (last updated Mon 05/18/2026 1:10:56 AM EST) or Muscatine MLS (last updated Mon 05/18/2026 2:00:10 AM EST) or No Coast MLS (last updated Mon 05/18/2026 12:44:18 AM EST). Real estate listings held by brokerage firms other than Ruhl & Ruhl Careers may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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