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First-Floor Office Condo

327 2nd St. Unit First Floor, Coralville, IA 52241

For Sale
$2,500,000

Multiple occupied suites share building parking and elevator access.

Property SizeContact for details
Days on Market20

Property Features for 327 2nd St. Unit First Floor

General Information

Standard status Active
Elevators Yes
Property subtype Office
Occupancy 100%
Net Operating Income $177,500

Additional Details

Floor 1
Gross Income $320,000
Tenant in Place Yes

Taxes and HOA fees

Annual Taxes $93,954

Building Details

Year Built 2004
Tenancy Multi
Listing Agency: Lepic-Kroeger, REALTORS
Listed By: Ryan O'Leary · License IA S41249
Source: Blankandmccune
Added: Oct 26 Changed: Nov 13 Last Checked: Nov 13 at 6:53AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lepic-Kroeger, REALTORS

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 occupies the building’s first floor and is configured for multiple tenants. The suites are occupied, and the building was constructed in 2004. Parking and elevator access serve the property.

Situated on the Coralville Strip, the property is near UIHC, IRL, Coral Ridge Mall, and the UofI Campus.

Key Highlights

  • Multi‑tenant office condominium on the first floor
  • All suites are occupied by long‑term tenants
  • Building includes parking and elevator access

Property 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

100%
Occupancy
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

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 - Multiple occupied suites share building parking and elevator access.
Where is this office unit located?
The property is located at 327 2nd St. Unit First Floor 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 on the first floor; All suites are occupied by long‑term tenants; Building includes parking and elevator access
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