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405 S Gilbert St
Iowa City, IA 52240
Sanctuary Pub · Retail Property For Sale
Executive Summary
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. Owner is licensed to sell real estate in the state of Iowa. Owner/Tenant is responsible for snow removal directly in front of the building.
Property Facts
Sale Type
Owner User
Property Type
Building Size
3,882 SF
Building Class
B
Year Built
1900
Price
$2,085,405 CAD
Price Per SF
$537.20 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
1.00
Lot Size
0.09 AC
Zoning
RFC-SD
Property Taxes
| Parcel Number | 1015131002 | Improvements Assessment | $831,006 CAD |
| Land Assessment | $285,979 CAD | Total Assessment | $1,116,985 CAD |
Property Taxes
Parcel Number
1015131002
Land Assessment
$285,979 CAD
Improvements Assessment
$831,006 CAD
Total Assessment
$1,116,985 CAD
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