Mixed-Use Property with Vacant Commercial
For Sale
$5,950,000
320 2nd St, Coralville, IA 52241
CommercialSale, Coralville, IA
Property SizeContact for details
Lot Size2.62 Acres
Days on Market35
Property Features for 320 2nd St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
I2
Directions
One the Coralville Strip, southside of the road, just east of the Clear Creek Trail and just west of the new Gather Iowa development.
Subdivision
Coralville
Standard status
Active
APN
1008205005
Lot size
2.62 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
30748
Utilities
Heating system
Forced Air, Natural Gas
Cooling system
Window Unit(s), Central Air
Building Details
Year built
1963
Flooring type
Carpet, Tile
Building materials
Brick, Frame
Roof type
Composition
Listing Agency:
Lepic-Kroeger, REALTORS
(319) 351-8811
Listed By:
Jeff Edberg · License #B33730000
(319) 331-6187
Added: Jul 22
Changed: Aug 19
Last Checked: Aug 25 at 7:06PM
MLS# 202604573
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.
Investment Insights
Based on property information with market context.
The Iowa Lodge is a mixed-use property combining short-term rental accommodations with commercial space. The residential component includes 80 studio/one-bedroom units, two two-bedroom units, and one three-bedroom unit. The north building contains a management office, while approximately 3,500 feet of first-floor commercial area and 1,000 feet on the second floor are vacant. The property is supported by brick and frame construction, carpet and tile flooring, forced-air and natural-gas heating, window-unit and central air conditioning, and a composition roof. It was built in 1963.
Set on 2.62 acres at 320 2nd St in Coralville, the property carries I2 zoning and includes a grandfathered sign. The residential portion maintains high occupancy levels and serves a low-income segment of the local market. The property is also positioned in an area developing to both the west and east, with a stated capitalization rate of just over 10%.
Set on 2.62 acres at 320 2nd St in Coralville, the property carries I2 zoning and includes a grandfathered sign. The residential portion maintains high occupancy levels and serves a low-income segment of the local market. The property is also positioned in an area developing to both the west and east, with a stated capitalization rate of just over 10%.
Key Highlights
- 83 short‑term rental units: 80 studio/1 bedroom, 2 two‑bedroom, and 1 three‑bedroom
- Approximately 3,500 feet of vacant first‑floor commercial space
- 1,000 feet of vacant second‑floor commercial suite space
Property Analytics
Property Profile
Current Use
Lease Details
83
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
839
Businesses Nearby
Explore this area
Business Placement
Demographics for 52241, IA
22,319
Population
10,294
Households
2.2
Avg Household Size
34
Median Age
57%
College-Educated
95%
High-School Grad
13.5 sq mi
ZIP Area
1,653
Density / Sq Mi
$66,508
Median Household Income
$40,504
Median Earnings
$1,021
Median Rent
$286,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Includes short-term rental accommodations, management space, and additional commercial areas available for occupancy.
Where is this mixed-use property located?
The property is located at 320 2nd St Coralville, IA.
What is the asking price?
The asking price for this property is $5,950,000.
What are key features of this property?
This property features: 83 short‑term rental units: 80 studio/1 bedroom, 2 two‑bedroom, and 1 three‑bedroom; Approximately 3,500 feet of vacant first‑floor commercial space; 1,000 feet of vacant second‑floor commercial suite space
