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Mixed-Use Lodge with Vacant Space

320 2nd St, Coralville, IA 52241

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For Sale

$6,450,000

COMMERCIAL - Coralville, IA

Lot size:

2.62 Acres

HighLights

The Iowa Lodge property includes 80 studio/1‑bedroom units, 2 two‑bedroom units, and 1 three‑bedroom unit.
About 3,500 SF of vacant commercial property on the north side and an additional 1,000 SF second‑floor commercial suite are currently unleased.
Construction materials include brick and frame; roof is composition; year built is 1963.
Heating is natural gas forced air; cooling includes central air plus window unit(s).
Management office is located on part of the first floor of the north property; most residential units are in the south wraparound building.
Reported financial performance includes just over a 10% capitalization rate and includes a grandfathered sign on the Coralville Strip.

We can help!

Contact an agent

Jeff Edberg

For Sale

$6,450,000

COMMERCIAL - Coralville, IA

Lot size:

2.62 Acres

Added:: Feb 6, 2026
Days on Market:: 146
Last Refresh:: Jul 2 at 9:06 am

Property Features for 320 2nd St

General Information

Property type: Commercial Sale
Property subtype: Other
Zoning: I2
Standard status: Active
APN: 1008205005
Lot size: 2.62 Acres

Taxes and HOA fees

Tax Year: 2024
Tax Annual Amount: 30748

Utilities

Heating system: Natural Gas, Forced Air
Cooling system: Central Air, Window Unit(s)

Building Details

Year built: 1963
Flooring type: Tile, Carpet
Building materials: Brick, Frame
Roof type: Composition

We can help!

Contact an agent

Jeff Edberg

Listing agent Jeff Edberg License #IA B33730000

Listing office Lepic-Kroeger, REALTORS 2346 MORMON TREK BLVD SUITE #2000, Iowa City, IA

Listing date Feb 6, 2026

MLS# 202601036

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

The Iowa Lodge property includes 80 studio/1‑bedroom units, 2 two‑bedroom units, and 1 three‑bedroom unit.
About 3,500 SF of vacant commercial property on the north side and an additional 1,000 SF second‑floor commercial suite are currently unleased.
Construction materials include brick and frame; roof is composition; year built is 1963.
Heating is natural gas forced air; cooling includes central air plus window unit(s).
Management office is located on part of the first floor of the north property; most residential units are in the south wraparound building.
Reported financial performance includes just over a 10% capitalization rate and includes a grandfathered sign on the Coralville Strip.

Overview

The Iowa Lodge is a mixed-use property operating as both a short-term rental and a commercial rental. The residential portion includes 80 studio/1-bedroom units, two two-bedroom units, and one three-bedroom unit, with most of the residential units located in a wraparound building to the south and the rear of the property. The management office is located on part of the first floor of the north building, while the balance of approximately 3,500 feet of commercial space is currently vacant. In addition, there is an approximately 1,000-foot commercial suite on the second floor of the north building that is also vacant.

The property is located at 320 2nd St in Coralville, Iowa and is zoned I2. The offering also notes secondary value as a future development property on the Coralville Strip, including a grandfathered sign.

For buyers and operators, the combination of in-place residential operations and on-site commercial space can support a mixed-use business plan while providing leasing opportunity for the currently vacant first- and second-floor commercial areas. The seller’s materials indicate the property represents just over a 10% capitalization rate, with additional details available in the attached pro forma.

Property Profile Location Intelligence

Current Use by Public Records

Short term rental ...

Suggested Use

Location Insight

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Local Demand

City: Coralville
County: Johnson
State: Iowa
Longitude: -91.571035
Latitude: 41.670138

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What type of property is this?

Short term rental property - Mixed-use lodge with short-term residential units and vacant commercial space ready for a new tenant.

Where is this short term rental property 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: The Iowa Lodge property includes 80 studio/1‑bedroom units, 2 two‑bedroom units, and 1 three‑bedroom unit.; About 3,500 SF of vacant commercial property on the north side and an additional 1,000 SF second‑floor commercial suite are currently unleased.; Construction materials include brick and frame; roof is composition; year built is 1963.

320 2nd St, Coralville, IA 52241

COMMERCIAL - Coralville, IA

Property Features for 320 2nd St

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Office and Warehouse Flex Building

First-Floor Office Suite with NNN Tenant

Multi-Tenant First-Floor Office Condos

Top-Floor Office Condo

24-Hour Tanning and Wellness Storefront

Six-Unit Multifamily Building

First-Generation Medical/Retail Spaces

Medical Office or Retail Suites

Mixed-Use Lodge with Retail Space

Customizable Office Space in Coralville

Office Suite with Two-Story Atrium

Grocery Store Ground Lease

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