Multi-Family and Commercial
320 2nd St, Coralville, IA 52241
- Added:
- Feb 6, 2026
- Days on Market:
- 92
- Last Refresh:
- May 9 at 1:06 am
Property Features for 320 2nd St
General Information
- Property type
- Residential Multi Family
- Zoning
- I2
- Parking features
- Off Street
- Appliances
- Microwave, Oven, Range, Refrigerator
- Standard status
- Active
- APN
- 1008205005
- Size
- 19,786 SF
Taxes and HOA fees
- Tax Annual Amount
- 30748
Utilities
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Central Air, Multi Units, Window Unit(s)
Building Details
- Year built
- 1963
- Flooring type
- Carpet, Tile
- Building materials
- Brick, Frame
- Architectural style
- Other
Listing agent Jeff Edberg (319) 331-6187
Listing office Lepic-Kroeger, REALTORS 2346 MORMON TREK BLVD, Iowa City, IA (319) 351-8811
Listing date Feb 6, 2026
MLS# 202601037
Listing URL
Copyright © 2026 Iowa City Area Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- 10%+ capitalization rate offers strong income potential.
- 83 residential units (studios, 1, 2, and 3‑bedroom) provide consistent rental income.
- Vacant commercial space (approximately 4,500 sq ft) allows for new income stream development.
- High occupancy rates in the residential units indicate a stable market demand.
- Located in a developing area on the Coralville Strip, offering future development potential.
- Grandfathered sign provides valuable advertising opportunity.
Overview
This property, known as the Iowa Lodge, presents a mixed-use opportunity with both short-term rental and commercial rental income potential. The residential component includes 80 studio/one-bedroom units, two two-bedroom units, and one three-bedroom unit, primarily located in the wrap-around building to the south and rear of the property. The residential portion of the property serves an important low-income sector of the Coralville market and maintains high occupancy levels. The property also features a management office on the first floor of the north building. Approximately 3,500 square feet of vacant commercial space is available on the first floor of the north property, presenting an opportunity for a new tenant and income stream. An additional 1,000-square-foot commercial suite is vacant on the second floor of the north building. The property is situated in a developing area to both the west and the east, offering secondary value as a future development property on the Coralville Strip with a grandfathered sign. The property size is 19,786 square feet and is located in Coralville, Iowa.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Retail space
Location Insight
- Map
- Local Demand
- City
- Coralville
- County
- Johnson
- State
- Iowa
- Longitude
- -91.5710273
- Latitude
- 41.6701668
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Mixed-use property with residential and commercial potential in Coralville, Iowa.
Where is this apartment building located?
The property is located at 320 2nd St Coralville, IA.
What is the asking price?
The asking price for this property is $6,450,000.
What are key features of this property?
This property features: 10%+ capitalization rate offers strong income potential.; 83 residential units (studios, 1, 2, and 3‑bedroom) provide consistent rental income.; Vacant commercial space (approximately 4,500 sq ft) allows for new income stream development.
