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    327 2Nd St Coralville, IA 52241

    For Sale
    $2,500,000

    Office - IA

    Type:Office
    Lot size:
    2.32 Acres
    Days on Market:
    110
    Last Refresh:
    Dec 5 at 3:06 am

    Property Features for 327 2Nd St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Standard status
    Active
    Zoning
    CPUD
    APN
    1008208002
    Interior features
    Elevator
    Accessibility
    Accessible Elevator Installed
    Lot size
    2.32 Acres

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    2004
    Flooring type
    Carpet, Concrete
    Building materials
    Concrete
    Roof type
    Metal
    Architectural style
    Other

    Lepic-Kroeger, REALTORS (319) 351-8811 [email protected]

    Listing agent Ryan O'Leary (319) 351-8811

    Listing date Aug 18, 2025

    MLS# 202505120 Listing URL

    Copyright © 2025 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.

    Overview

    Multi-Tenant Commercial Condo Investment

    This is a multi-tenant, first floor commercial condo. Each suite is occupied by long term tenants, providing immediate cash flow. The property generates an annual gross revenue of $320,000 and a net operating income of $177,500. It is located in a desirable location on the Coralville Strip, minutes from UIHC, IRL, Coral Ridge Mall, and the UofI Campus. The building, situated on a 2.32-acre lot, offers convenient parking and elevator access. The property is located in Johnson County, Iowa, with a CPUD zoning.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Building Supply Nail Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Coralville
    County
    Johnson
    State
    Iowa
    Longitude
    -91.571087
    Latitude
    41.671329

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    FAQs

    What type of property is this?
    Office space - First floor commercial condo with long-term tenants and immediate cashflow.
    Where is this office space located?
    The property is located at 327 2Nd St Coralville, IA.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: - Immediate cash flow from long-term tenants.; - Annual Net Operating Income (NOI) of $177,500.; - Turnkey investment opportunity.
    (319) 351-8811
    Request Owner's contact information
    327 2Nd St Coralville, IA 52241
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    Coralville, IA 52241
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    327 2Nd St Coralville, IA 52241
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