405 South Gilbert Street, Iowa City, IA 52240

Jeff Edberg

IA IA B33730000

Listed by Lepic-Kroeger, REALTORS

$21.64/SF/YR

18 days on market

Updated 18 days ago

405 S Gilbert St

Building Details

Property Type

Retail, Restaurant

Tenancy

Single

Lease Type

NNN

Total Building SqFt

3,882

Year Built

1900

Spaces

About This Property

Building description

Kitchen equipment has been removed but the bones are good with the hood and Ansul system, walk-in coolers and walk-in freezer remaining. The upper floor offers offices for management, employees and storage. A convenient walkway leads from the back parking lot to the front of the building but count on lots of foot traffic in this great downtown location. Total monthly rent, base + NNN charges, is approximately $9330 per mo. Owner is licensed to sell real estate in the state of Iowa. Tenant is responsible for snow removal directly in front of the building.

Building highlights

Bring the historic Sanctuary Pub back to life or create your own vision for this iconic location. The property has maintained its 2am liquor license to accommodate the active and vibrant college scene. The interior is rich with history and gives off a dark moody vibe.