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405 S Gilbert StIowa City, IA 52240

Commercial · 3,882 Sq. ft.
$1,500,000 Active

405 S Gilbert St Overview

Time on Site:
52 days
Visits:
30

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. 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. Also for lease in separate listing.

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405 S Gilbert St Facts & Features

  • Type Commercial
  • Sq. ft. 3,882
  • Price/Sq.ft. $386

Details

General

Building Information

  • Year Built: 1900

Business Information

  • Business Name: Food Services,Retail Store

Location/Region

  • County Or Parish: Johnson
  • MLS Area Major: Iowa City

Tax Information

  • Tax Year: 2024

General Information

  • Inclusions: Other Incl
  • Property Sub Type: Commercial
  • Property Type: COMMERCIAL
  • Zoning: RFC-SD

Interior

Building Interior

  • Building Area Total: 3882

General Information

  • Cooling: Central A/C
  • Flooring: Concrete Slab/Grade,Vinyl/Vinyl Tile,Wood
  • Heating: Gas,Forced Air
  • Interior Features: Display Window,Sprinkler System

Exterior

Lot Information

  • Lot Size Acres: 0
  • Lot Size Area: Less Than .5 Acre
  • Lot Size Dimensions: Irregular

Building Exterior/Construction

  • Roof: Metal/Steel,Tar/Gravel

General Information

  • Road Frontage Type: County/City Road,Pavement
  • Utilities: Cable TV,Electricity,Natural Gas,Sewer,Water-City

405 S Gilbert St Neighborhood

Community

52240 (Iowa City) Demographics

28
Median Age
224
Population Density (per sq. mile)
56%
College Educated
$45,785
Estimated Median Income
7,800
Estimated Total Home Owners
7,498
Estimated Total Renters
51% / 49%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

405 S Gilbert St Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

405 S Gilbert St Market Data

Based on the last 30 days in this zip code

$504,701
Average List Price
$238
Average Price per Square Foot
53
Properties Sold
77
Average Days on Market
201
Properties for Sale
Calculations provided by Reliance Network

405 S Gilbert St History

Date Event Value Agent
5/14/2026Source: Iowa City MLS Status Change
Active
5/8/2026Source: Iowa City MLS Added to Database
May 08, 2026
4/8/2026Source: Iowa City MLS Status Change
Active
4/2/2026Source: Iowa City MLS Added to Database
April 02, 2026
Listing provided courtesy of Lepic-Kroeger, REALTORS- MLS# 202603054MLS Provider