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Office Condo with Elevator

327 2nd St., Coralville, IA 52241

For Sale
$2,500,000

Commercial Sale, Coralville, IA

Property SizeContact for details
Lot Size2.32 Acres
Days on Market458

Property Features for 327 2nd St.

General Information

Property type Commercial Sale
Property subtype Office
Zoning CPUD
Interior features Elevator
Accessibility Accessible Elevator Installed
Elementary school Central
Middle school Northwest
Directions Building is located at the NE corner of 2nd St./ Hwy 6 and 4th Avenue. .
Subdivision Coralville
Standard status Active
APN 1008208002
Lot size 2.32 Acres

Additional Details

Tenant in Place Yes
Property Use Office
Condition Turnkey

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 93954

Utilities

Utilities Phone Available
Heating system Natural Gas, Forced Air
Cooling system Central Air

Building Details

Year built 2004
Flooring type Concrete, Carpet
Building materials Precast Concrete, Steel or Metal
Roof type Metal
Listing Agency: Lepic-Kroeger, REALTORS
Listed By: Ryan O'leary · License IA S41249
Added: Aug 11, 2025 Changed: Nov 11 Last Checked: Nov 11 at 8:06PM
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.

Rey
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Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

This office condominium contains multiple tenant suites on the first floor, with long-term tenants currently in place. Building features include an elevator, carpet and concrete flooring, forced-air natural gas heat, central air conditioning, and a metal roof. The building was constructed in 2004 using precast concrete and steel or metal materials.

The property is in Coralville, near UIHC, IRL, Coral Ridge Mall, and the University of Iowa campus. Parking is available, and the elevator is accessible.

Key Highlights

  • Multi‑tenant office condominium with occupied suites and long‑term tenants
  • First‑floor commercial space with elevator access
  • 2.32‑acre lot

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Office Units

Suggested Use

Top Pick Building Supply Grocery & Convenience Store HVAC Service Storage Facility Garden Center (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

839
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Average Price Trend$/SF for Office Units in Coralville, IA

$190 Jul
$169 Aug
$179 Sep
$178 Oct

Properties on Market for Office Units in Coralville

Jul
Aug
Sep
Oct

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025

Frequently Asked Questions

What type of property is this?
Office unit - First-floor suites are occupied by long-term tenants, with parking and elevator access serving the property.
Where is this office unit 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 office condominium with occupied suites and long‑term tenants; First‑floor commercial space with elevator access; 2.32‑acre lot
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