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Active
405 S Gilbert Street Iowa City, IA 52240
3,882 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Rent
MLS Listing ID 202604354
Year Built 1900
Annual Tax Amount $22,638
Tax Year 2024
Lot Size 3,882 Sqft
Lot Dimensions Irregular
Property Sub-Type Commercial
Property Description
Former Sanctuary Pub – Turnkey Restaurant & Bar for Lease | Downtown Iowa City! A rare opportunity to lease one of downtown Iowa City's most recognizable restaurant and bar locations. The former Sanctuary Pub, a longtime local favorite, is ideally situated in the heart of the downtown entertainment district just steps from the University of Iowa campus. This fully equipped, turnkey space features a commercial kitchen, spacious bar, multiple dining and seating areas, and a stage for live music and entertainment. The existing layout is designed for efficient restaurant and bar operations, allowing a new owner or tenant to open quickly with minimal build-out. Surrounded by restaurants, retail, nightlife, and year-round pedestrian traffic, this prime location offers exceptional visibility and access to students, residents, visitors, and downtown professionals. Whether you're launching a new concept or expanding an established brand, this is an outstanding opportunity to establish your business in one of Iowa City's premier hospitality locations. Contact the listing agent today for additional information or to schedule a private tour.
Location
State IA
County Johnson
Zoning Commercial
Direction Just one block up from Gilbert Street and Burlington Street right Downtown Iowa City
Interior
Heating Central
Cooling Central Air
Flooring Concrete Slab Grade, Vinyl, Wood
Exterior
Utilities Available Cable Available, Electricity Available, City Water
Roof Type Metal,Tar Gravel
Building
Lot Size Range Less Than Half Acre
Structure Type Brick
Others
Tax ID 1015131002
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Standard
Listed by Barkalow & Associates, Realtors