1204 S Gilbert St | Iowa City, IA 52240
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1204 S Gilbert St
Iowa City, IA 52240
Retail Property For Sale
Executive Summary
1204 S Gilbert and 1210 S Gilbert combined. These 2 buildings sit on almost an acre of land giving a developer an amazing opportunity (0.96 acres m/l). Just south of downtown Iowa City and the University of Iowa & directly across the street from Big Grove Brewery, a popular dining & entertainment center; and in the Riverfront Crossing District. S Gilbert St has many newer constructed buildings lending to an attractive streetscape. South Gilbert Street sees 11,800 cars per day. 1210 Gilbert has a 10,400 SF building on 0.72 acres m/l. 1210 Gilbert is available separately as well. All specific rents and proforma can be found there. 1204 Gilbert has a 2,890 SF building on 0.25 acres m/l. 1204 Gilbert has a single tenant who recently extended their lease to 12-31-2028 at $3,000 per month NNN. This will be the final extension of this lease.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
13,380 SF
Building Class
C
Year Built
1973
Price
£2,141,782
Price Per SF
£160
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
1.00
Lot Size
0.31 AC
Opportunity Zone
Yes
Zoning
CI-1 - General Retail Zoning
Amenities
- Freeway Visibility
- Signage
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
PROPERTY TAXES
| Parcel Number | 1015306002 | Improvements Assessment | £174,638 |
| Land Assessment | £100,752 | Total Assessment | £275,390 |
PROPERTY TAXES
Parcel Number
1015306002
Land Assessment
£100,752
Improvements Assessment
£174,638
Total Assessment
£275,390
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