Coralville Commercial Property with
320 2nd St, Coralville, IA 52241
Commercial - Coralville, IA
Property size:
3,500 SFLot size:
2.62 AcresPrice / SF:
$1,842/SF- 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
- Commercial Sale
- Property subtype
- Other
- Zoning
- I2
- Standard status
- Active
- APN
- 1008205005
- Size
- 3,500 SF
- Lot size
- 2.62 Acres
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
- Roof type
- Composition
- 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# 202601036
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
- Boasting a 10%+ capitalization rate
- Mix of 83 residential units (studio, 1, 2, and 3‑bedroom) and commercial space
- Income potential from vacant commercial space (3,500 sq ft on first floor and 1,000 sq ft on second floor)
- High occupancy in residential units serving the low‑income market
- Future development potential on the Coralville Strip
- Grandfathered sign
Overview
This Coralville property, known as the Iowa Lodge, presents a commercial and short-term rental opportunity. The property 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. The management office occupies part of 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 building, along with an additional 1,000-square-foot vacant commercial suite on the second floor. New income streams could be created from the vacant commercial property. The residential portion of the property serves a low-income sector of the Coralville market and maintains high occupancy levels. Situated on a 2.62-acre lot, the property is located in a developing area to both the west and the east and has secondary value as a future development property on the Coralville Strip with a grandfathered sign. The property is zoned I2. The property represents just over a 10% capitalization rate.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Motels
Similar Places Nearby
- SureStay Plus By Best Western Coralville Iowa City — 200 6th St, Coralville, IA 52241
- Super 8 by Wyndham Iowa City/Coralville — 611 1st Ave, Coralville, IA 52241
- Guild — 53 2nd St, Coralville, IA 52241
- Lodge Apartments — 320 2nd St, Coralville, IA 52241
- Comfort Inn & Suites Coralville - Iowa City Near Iowa River Landing — 214 9th St, Coralville, IA 52241
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?
Motel - Short-term and commercial rental property with income potential in Coralville.
Where is this motel 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: Boasting a 10%+ capitalization rate; Mix of 83 residential units (studio, 1, 2, and 3‑bedroom) and commercial space; Income potential from vacant commercial space (3,500 sq ft on first floor and 1,000 sq ft on second floor)
