1020 S Gilbert St, Iowa City, IA 52240
1020 S Gilbert St, Iowa City, IA 52240
1020 S Gilbert St, Iowa City, IA 52240
1020 S Gilbert St, Iowa City, IA 52240
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
JJ Johannes

JJ Johannes

+1(319) 540-1002
$ 1,700,000
Est. payment | /mo

0.55 Acres Lot

Save
$ 1,700,000
Est. payment | /mo
Save

0.55 Acres Lot

Key Details

Property Type Vacant Land

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID 202603841

HOA Y/N No

Annual Tax Amount $4,914

Tax Year 2024

Lot Size 0.550 Acres

Acres 0.55

Lot Dimensions Irregular

Property Sub-Type Commercial

Property Description

Riverfront Crossing District Development Site at 1020 Gilbert Street & 320 First Street, Iowa City. Multi-housing development opportunity located in the highly sought-after Riverfront Crossing District, benefiting from the district's form-based zoning incentives designed to encourage dense, mixed-use urban projects. The zoning framework supports a ground-floor commercial component, which may also incorporate building management or recreational amenities, with apartments or condominiums above rising to six to seven stories. The site consists of approximately .55 acres, offered at $1,700,000, equating to approximately $71 per square foot. A garage currently used by the owner occupies the property, allowing for immediate redevelopment with no tenant relocation concerns. An assemblage opportunity exists with the contiguous parcel to the north, creating a combined 1.13-acre development site with a total offering price of $3,500,000. The property offers convenient access from the south via First Street and is ideally positioned near entertainment, dining, shopping, and public transportation, just minutes from downtown and the University of Iowa campus.

Location

State IA

County Johnson

Zoning CI1 RFC

Direction Northeast corner of the S Gilbert St and E 1st St intersection

Rooms

Other Rooms Garages

Exterior

Community Features Sidewalks, Street Lights, Close To School, Close To Shopping, Curbs

Utilities Available Sewer Available, City Water

Waterfront Description Other

Present Use Other

Topography Other

Building

Lot Size Range Half To One Acre

Others

Tax ID 1015301006, 1015301007

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition Standard

Listed by Lepic-Kroeger, REALTORS

NEARBY SCHOOLS & PROPERTIES

JJ Johannes

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(319) 540-1002

jj@thejohannesgroup.com

GET MORE INFORMATION

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from JJ Johannes, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Go tour this home

1020 S Gilbert St