Elevator-Served Medical Office
520 10th Ave Coralville, IA 52241
New
For Sale
$4,720,000
COMMERCIAL - Coralville, IA
Property Size25,248 SF
Lot Size1.82 Acres
Price / SF$186.95
Days on Market1
Property Features for 520 10th Ave
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- C3
- Interior features
- Elevator, ZeroStepEntry
- Accessibility
- Accessible Elevator Installed
- Standard status
- Active
- APN
- 1006415002
- Lot size
- 1.82 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 117684
Utilities
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Central Air
Building Details
- Year built
- 1996
- Flooring type
- Tile, Vinyl, 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 23
Last Checked: Jul 23 at 9:06PM
MLS# 202604625
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 three-story brick office/medical building is fully built out and elevator served, designed for an office and exam-room style layout. The lowest level offers full daylight with garden windows, walk-up exterior exits, and elevator service. Each floor includes approximately 35–40 offices/exam rooms and conference rooms, supported by ADA bathrooms, along with storage and service areas as required. Many offices and exam rooms are equipped with hand sinks, reflecting its prior use as a Veteran’s Administration medical clinic location.
The property is located at the northeast corner of 6th Street & 10th Ave, just north of 5th Street, within the Town Square office/retail/medical complex in Coralville, Iowa. An east-side two-story portico with four columns provides protection at the main entrance. The building is served by an off-street parking lot for the development, including a disproportionate number of handicapped spaces at the front entry.
The building is vacant and ready for the next tenant, with the property offered for both lease and sale under zoning C3.
The property is located at the northeast corner of 6th Street & 10th Ave, just north of 5th Street, within the Town Square office/retail/medical complex in Coralville, Iowa. An east-side two-story portico with four columns provides protection at the main entrance. The building is served by an off-street parking lot for the development, including a disproportionate number of handicapped spaces at the front entry.
The building is vacant and ready for the next tenant, with the property offered for both lease and sale under zoning C3.
Key Highlights
- 3‑story class A office/medical building with elevator service and zero‑step entry
- 25,248 SF building in the Town Square office/retail/medical complex at the NEC of 6th St & 10th Ave in Coralville, IA
- Daylight lower level with garden windows plus walk‑up exterior exits and elevator access
Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $554.4k | $21.96 |
| − Vacancy | −$55.4k | −$2.20 |
| EGI | $499.0k | $19.76 |
| − OpEx | −$199.6k | −$7.91 |
| NOI | $299.4k | $11.86 |
25,248 SF · lease $21.96/SF/yr · vacancy 10.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$4.28M
$3.74M – $4.99M
NOI $299,401 @ 7.0% cap · market cap 6.34%
Second Best
Office B
$4.14M
$3.62M – $4.83M
NOI $289,721 @ 7.0% cap · market cap 6.14%
Theoretical Best
Office A
$5.48M
$4.80M – $6.40M
NOI $383,931 @ 7.0% cap · market cap 8.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
FAQs
What type of property is this?
Office building - Three-story, fully built-out office/medical building with elevator service, ADA bathrooms, and a daylight lower level.
Where is this office building located?
The property is located at 520 10th Ave Coralville, IA.
What is the asking price?
The asking price for this property is $4,720,000.
What are key features of this property?
This property features: 3‑story class A office/medical building with elevator service and zero‑step entry; 25,248 SF building in the Town Square office/retail/medical complex at the NEC of 6th St & 10th Ave in Coralville, IA; Daylight lower level with garden windows plus walk‑up exterior exits and elevator access
