525 S Gilbert St, Iowa City

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Sale Price $125,000 - MLS: 202606293

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.

      
Directions: S. Gilbert, just north of the Prentiss St intersection.

Property Details

MLS #: 202606293
Sale Price: $125,000
Year Built: 1900
Sq Ft: 1645.0
Business: Food And Beverage, Other
Construction: Brick, Frame
Floor Type: Ceramic Tile, Wood
Financing:
Utilities: Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Phone Available, City Water
Acreage: 0.06
Lot: Irregular
Frontage: County Road, Paved
Energy Generation:
Heat/Cooling: Natural Gas, Forced Air, Central Air

Information deemed reliable but not guaranteed


Who To Contact

Agent Photo

Edge Realty Group

319-351-3355
 
info@edge-realtygroup.com


 Listing Office: Lepic-Kroeger, REALTORS - Agent: Jeff Edberg - Information furnished by Iowa City Area Association of Realtors