405 South Gilbert Street, Iowa City, IA 52240

Revive the legendary Sanctuary Pub or bring your own concept to one of downtown’s most recognizable hospitality venues. This historic property retains its coveted 2 a.m. liquor license, making it ideally positioned to serve the area’s energetic college and nightlife crowd. Inside, the space is filled with character, featuring a dark, moody atmosphere and rich architectural history that creates an unforgettable guest experience. While the kitchen equipment has been removed, the essential infrastructure remains in place, including a commercial hood and Ansul fire suppression system, walk-in coolers, and a walk-in freezer—providing a strong foundation for your vision. The upper level offers valuable office, employee, and storage space, while a convenient walkway connects the rear parking lot to the front entrance. With exceptional visibility, steady foot traffic, and a prime downtown location, this is a rare opportunity to establish or expand your business in a proven entertainment destination. Also available for lease under a separate listing.