Multi-Tenant First-Floor Office Condos

327 2nd St., Coralville, IA 52241

View on Map

For Sale

$2,500,000

SINGLE_FAMILY - Coralville, IA

Type:Office

Lot size:

2.32 Acres

HighLights

Multi‑tenant first‑floor commercial condo with elevator access and an accessible elevator installed
Year built 2004 with precast concrete and steel/metal construction and a metal roof
Occupied by long‑term tenants in each suite for immediate rental income
Annual gross revenue of $320,000 and NOI of $177,500
Central air cooling and forced‑air natural gas heating
Carpet and concrete flooring throughout

We can help!

Contact an agent

Ryan O'leary

For Sale

$2,500,000

SINGLE_FAMILY - Coralville, IA

Type:Office

Lot size:

2.32 Acres

Added:: Aug 11, 2025
Days on Market:: 326
Last Refresh:: Jul 2 at 9:06 am

Property Features for 327 2nd St.

General Information

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

Taxes and HOA fees

Tax Year: 2024
Tax Annual Amount: 84080

Utilities

Heating system: Natural Gas, Forced Air
Cooling system: Central Air

Building Details

Year built: 2004
Flooring type: Carpet, Concrete
Building materials: PrecastConcrete, SteelOrMetal
Roof type: Metal

We can help!

Contact an agent

Ryan O'leary

Listing agent Ryan O'leary

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

Listing date Aug 11, 2025

MLS# 202505120

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

Multi‑tenant first‑floor commercial condo with elevator access and an accessible elevator installed
Year built 2004 with precast concrete and steel/metal construction and a metal roof
Occupied by long‑term tenants in each suite for immediate rental income
Annual gross revenue of $320,000 and NOI of $177,500
Central air cooling and forced‑air natural gas heating
Carpet and concrete flooring throughout

Overview

This property is a multi-tenant, first-floor commercial condo offering separate suites within one building. The building is set up for independent tenant occupancy, and each suite is currently occupied by long-term tenants. Tenant and occupancy details support an owner/operator who wants operational continuity. The listing also provides reported annual gross revenue of $320,000 and NOI of $177,500, which may be of interest to buyers evaluating current income.

Located in Coralville and described as positioned on the Coralville Strip, the property is minutes from UIHC, IRL, Coral Ridge Mall, and the University of Iowa Campus. Access is supported by convenient on-site parking and elevator service for building circulation.

For buyers seeking a turnkey investment, the combination of multi-suite configuration, long-term tenant occupancy, and income information makes the property suitable for underwriting current in-place performance. For brokers and tenants, the first-floor layout and elevator access are practical considerations for day-to-day operations, while the provided parking supports convenient customer and employee arrivals.

Property Profile Location Intelligence

Current Use by Public Records

Office buildings

Suggested Use

Location Insight

Map
Local Demand

City: Coralville
County: Johnson
State: Iowa
Longitude: -91.571087
Latitude: 41.671329

Nearby Similar for Sale

$2,495,000

Office and Warehouse Flex Building

Leased flex building on C2/I2-zoned land with office and warehouse space, positioned on a high-traffic corridor.

302 2nd St, Coralville, IA 52241

View Details
$475,000

First-Floor Office Suite with NNN Tenant

2,168 SF first-floor office suite features five offices, reception, kitchenette, and a long-term NNN tenant through 2030.

1100 6th St, Coralville, IA 52241

View Details
$2,400,000

Top-Floor Office Condo

Top-floor office condo with elevator access and convenient parking, currently leased to two long-term tenants.

327 2nd St., Coralville, IA 52241

View Details
$250,000

24-Hour Tanning and Wellness Storefront

Turnkey tanning and wellness operation with UV beds and 24-hour customer access cards on a high-traffic strip.

405 2nd Street, Coralville, IA 52241

View Details
$6,450,000

Mixed-Use Lodge with Vacant Space

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

320 2nd St, Coralville, IA 52241

View Details
$725,000

Six-Unit Multifamily Building

Six-unit multifamily property offers a mix of two- and one-bedroom apartments with off-street parking.

504 2nd Ave, Coralville, IA 52241

View Details
Contact for pricing
2,831 SF

First-Generation Medical/Retail Spaces

Two professional spaces with large windows offer flexible medical or retail setups in a high-visibility corridor.

2791 Heartland Drive, Coralville, IA 52241

View Details
Contact for pricing
2,911 SF

Medical Office or Retail Suites

Two highly visible, large-window suites in a warm gray shell with tenant improvement allowance available for flexible medical or retail use.

2791 Heartland Drive, Coralville, IA 52241

View Details
$6,450,000

Mixed-Use Lodge with Retail Space

Mixed short-term rental accommodations plus vacant commercial areas within an I2-zoned property in Coralville, IA.

320 2nd St, Coralville, IA 52241

View Details
$1,550,000

5,704 SF

Customizable Office Space in Coralville

Up to 5,700 SF of customizable office space for lease.

2854 Coral Ct, Coralville, IA

View Details
$495,000

Office Suite with Two-Story Atrium

Office space offered with shared amenities, including a two-story atrium entrance and common lobby areas.

2000 James St, Coralville, IA 52241

View Details
$2,999,000

18,783 SF

Grocery Store Ground Lease

Fee simple interest in an Aldi grocery site leased under an absolute net ground lease structure.

2750 Heartland Drive, Coralville, IA 52241

View Details

For sale
Office buildings
IA
Coralville
52241
327 2nd St.

What type of property is this?

Office building - Multi-tenant first-floor office condo with on-site parking and long-term tenants in a commercial setting near major employers.

Where is this office building 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: Multi‑tenant first‑floor commercial condo with elevator access and an accessible elevator installed; Year built 2004 with precast concrete and steel/metal construction and a metal roof; Occupied by long‑term tenants in each suite for immediate rental income

327 2nd St., Coralville, IA 52241

SINGLE_FAMILY - Coralville, IA

Property Features for 327 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

Top-Floor Office Condo

24-Hour Tanning and Wellness Storefront

Mixed-Use Lodge with Vacant Space

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

FAQs