Mixed-Use Property with Vacant Commercial
For Sale
$5,950,000
320 2nd St, Coralville, IA 52241
Commercial Sale, Coralville, IA
Property SizeContact for details
Lot Size2.62 Acres
Days on Market94
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
Utilities
Cable Available
Heating system
Forced Air, Natural Gas
Cooling system
Window Unit(s), Central Air
Building Details
Year built
1963
Flooring type
Carpet, Tile - Ceramic
Building materials
Brick, Frame
Roof type
Composition
Listing Agency:
Lepic-Kroeger, REALTORS
(319) 351-8811
Listed By:
Jeff Edberg
(319) 331-6187
Added: Jul 22
Changed: Oct 19
Last Checked: Oct 23 at 5:06AM
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.
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Investment Insights
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This mixed-use property includes 80 studio or one-bedroom short-term rental units, two two-bedroom units, and one three-bedroom unit. The residential units are primarily situated in a wraparound building at the rear of the site. A management office occupies part of the first floor of the north building; the remaining approximately 3,500 square feet on that floor is vacant commercial space. An additional 1,000-square-foot commercial suite on the second floor is also vacant.
The property occupies 2.62 acres at 320 2nd St in Coralville and is zoned I2. Built in 1963, the buildings feature brick and frame construction, with natural gas forced-air heat and a mix of central air and window-unit cooling. The property is reported to have high residential occupancy and a capitalization rate just over 10%.
The property occupies 2.62 acres at 320 2nd St in Coralville and is zoned I2. Built in 1963, the buildings feature brick and frame construction, with natural gas forced-air heat and a mix of central air and window-unit cooling. The property is reported to have high residential occupancy and a capitalization rate just over 10%.
Key Highlights
- 80 studio or one‑bedroom short‑term rental units, plus two two‑bedroom units and one three‑bedroom unit
- Approximately 3,500 square feet of vacant first‑floor commercial space
- 1,000‑square‑foot vacant commercial suite on the second floor
Property Analytics
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Current Use
Lease Details
83
Residential units
Location Intelligence
Trade Area within ½ mile
839
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property combines short-term lodging units with commercial suites on two floors.
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: 80 studio or one‑bedroom short‑term rental units, plus two two‑bedroom units and one three‑bedroom unit; Approximately 3,500 square feet of vacant first‑floor commercial space; 1,000‑square‑foot vacant commercial suite on the second floor
