Apartment Building with Vacant Commercial
320 2nd St Coralville, IA 52241
New
320 2nd St, Coralville, IA, 52241
$5,950,000
For Sale
$5,950,000
COMMERCIAL - Coralville, IA
Lot Size2.62 Acres
Days on Market1
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
- Forced Air, Natural Gas
- Cooling system
- Central Air, Window Unit(s)
Building Details
- Year built
- 1963
- Flooring type
- Tile, Carpet
- Building materials
- Brick, Frame
- Roof type
- Composition
Listing agency
Lepic-Kroeger, REALTORS
(319) 351-8811
Listed by
Jeff Edberg · License #IA B33730000
(319) 331-6187
Added: Jul 22 Checked: Jul 22 at 8:06PM
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.
This property combines an apartment building setup with commercial rental space. The short-term rental residential mix includes 80 studio/one-bedroom units, two two-bedroom units, and one three-bedroom unit, with most residential units located in the wraparound building to the south and the rear of the property. A management office is located on part of the first floor of the north building, while the remainder of the north property’s commercial space is described as vacant.
According to the provided remarks, approximately 3,500 feet of commercial property on the north side is vacant and in need of a tenant, and an additional approximately 1,000 feet on the second floor is a vacant commercial suite. The property is identified as zoned I2.
The listing materials also reference a grandfathered sign as a secondary value associated with future development potential along the Coralville Strip.
According to the provided remarks, approximately 3,500 feet of commercial property on the north side is vacant and in need of a tenant, and an additional approximately 1,000 feet on the second floor is a vacant commercial suite. The property is identified as zoned I2.
The listing materials also reference a grandfathered sign as a secondary value associated with future development potential along the Coralville Strip.
Key Highlights
- Iowa Lodge is a combined short‑term rental and commercial rental property.
- Short‑term rental mix includes 80 studio/1‑bedroom units, 2 two‑bedroom units, and 1 three‑bedroom unit.
- Residential portion is mostly in the wraparound building to the south (rear) and is described as maintaining high occupancy.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Short term rental ...
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FAQs
What type of property is this?
Short term rental property - North and south apartment buildings include vacant commercial space and a mix of studio through three-bedroom short-term units.
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 $5,950,000.
What are key features of this property?
This property features: Iowa Lodge is a combined short‑term rental and commercial rental property.; Short‑term rental mix includes 80 studio/1‑bedroom units, 2 two‑bedroom units, and 1 three‑bedroom unit.; Residential portion is mostly in the wraparound building to the south (rear) and is described as maintaining high occupancy.
