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    605 2Nd St Coralville, IA 52241

    For Sale
    $2,950,000

    Commercial - IA

    Lot size:
    2.22 Acres
    Days on Market:
    72
    Last Refresh:
    Dec 5 at 3:06 am

    Property Features for 605 2Nd St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    C-PUD2 / C2
    APN
    1005356021 multi
    Lot size
    2.22 Acres

    Building Details

    Architectural style
    Other

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

    Listing agent Jeff Edberg (319) 351-8811

    Listing date Sep 25, 2025

    MLS# 202505142 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

    Coralville Strip Commercial Development Land

    This 2.2-acre commercial development land is located on the Coralville Strip (Hwy 6 at 6th Ave) at 605 2nd Street. The zoning is C-PUD2/C2, making it suitable for projects with first-floor retail/commercial uses and up to five floors of condo/apartments above. A concept plan is available in the associated documents. The site benefits from a high traffic count of 25,600 cars per day (2022 data) and is positioned on a hard corner with a traffic light. All utilities are available to the site. A Phase II site assessment has been completed and is attached. City requirements are detailed in the addendum.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon 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
    -91.574654
    Latitude
    41.672396

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    FAQs

    What type of property is this?
    Commercial land - 2.2 acres on Coralville Strip, ideal for mixed-use development.
    Where is this commercial land located?
    The property is located at 605 2Nd St Coralville, IA.
    What is the asking price?
    The asking price for this property is $2,950,000.
    What are key features of this property?
    This property features: - Prime commercial development land on the Coralville Strip (Hwy 6 at 6th Ave).; - Zoning (C-PUD2/C2) allows for mixed-use development: first-floor retail/commercial with 5 floors of condo/apartments above.; - High traffic location: 25,600 cars per day at a hard corner with a traffic light.
    (319) 351-8811
    Request Owner's contact information
    605 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
    605 2Nd St Coralville, IA 52241
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