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525 S Gilbert St Iowa City, IA 52240 • Commercial - Business • Active

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Description

This is a student-oriented restaurant, bar on Gilbert right between Orchard Green and the Vine. The Box has 1645 feet of seating with full bar on the first floor with pass through windows to the 888 square foot private patio well engineered for social fun! The Box is open daily with weekend hours extending to 2:00 AM and Mon, Tue, Wed and Sun to midnight. There is a full & creative drinks menu as well as a well thought out food selection. The audio system is top quality bringing a lively party vibe to the experience! In 2025 sales were $201,000 with net profit before taxes at $26, 864. This offering is for the business only and it is subject to an existing lease with payments variable from $3,500 to $4,500 to match the busy seasons, plus taxes, insurance and CAM. Taxes are $9.97 per foot per year, and insurance is approximately $2.60 per foot per year.

Property Highlights

Property Type: Commercial - Business
Year Built: 1900

General Information

County: Johnson
Listed By:
Lepic-Kroeger, REALTORS Jeff Edberg 319-351-8811
ICAAR MLS
$125,000
Est. $931/mo
New to the Market Active
SQUARE FEET1,645 MLS#202606293
STATUSActive PROPERTY TYPECommercial - Business
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Agent Name: Connie Coster/Miranda Mendoza Foundations Home Team
 Agent Phone: (309) 292-1881
 Agency Title: Ruhl&Ruhl Realtors
 Agent Email:

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525 S Gilbert St, Iowa City, IA 52240.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $125,000$125,000$125,000
Down Payment $25,000$4,375$31,250
Monthly Mortgage Amount $657$806$810
Taxes $174$174$174
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$55$0
Monthly Estimated Total $931$1,135$1,084

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