1204 S Gilbert St - Freestanding FOR SALE


Iowa City, IA 52240
$2,704,000 USD
319-331-6187
1204 S Gilbert St, Iowa City, IA for Sale
$2,704,000 USD
Freestanding - FOR SALE
1/2
null | Request Cap Rate

1204 S Gilbert St
Iowa City, IA 52240


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,704,000 USD

PRICE/SF

$202 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1973

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,380 SF

ZONING

CI-1

APN/PARCEL ID

1015306002

ASK ABOUT THIS PROPERTY

Jeff EdbergLepic-Kroeger, RealtorsMore Info
319-331-6187

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Jeff EdbergLepic-Kroeger, RealtorsMore Info
319-331-6187

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.