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    622 1St Ave Coralville, IA 52241

    Sponsored
    For Sale
    $2,000,000

    1.1-Acre C-2 Zoned Lot, $2M

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.1-acre commercial land parcel, located at 622 & 626 1st Ave in Coralville, Iowa (zip code 52241), presents a unique investment opportunity. Situated on a high-traffic area of South 1st Avenue, boasting a daily traffic count of 22,800 vehicles, this property offers unparalleled visibility and accessibility. The lot is zoned C-2, allowing for a diverse range of commercial and industrial uses, including office and institutional developments. Its convenient location north of McDonald's ensures high foot traffic and brand recognition. The property's size and zoning provide ample space for various development projects. Furthermore, the seller is open to build-to-suit options for prospective tenants, offering flexibility and customization. This prime location, coupled with the seller's willingness to collaborate on development, makes this a truly exceptional opportunity for investors and businesses seeking a strategic foothold in the thriving Coralville market. The property is conveniently located on a bus line, enhancing its accessibility and appeal. This is a rare chance to acquire a significant commercial land parcel in a high-demand area.

    Property Features for 622 1St Ave

    General Information

    Property type
    Retail properties
    Lot Size
    47,916 SF

    HighLights

    • 1.1‑acre commercial lot in high‑traffic area of Coralville, IA (52241), boasting 22,800 VPD.
    • C‑2 zoning allows for diverse commercial/industrial uses, including office and institutional development.
    • Excellent location near McDonald's ensures high visibility and foot traffic.
    • Seller open to build‑to‑suit options; located on a bus line.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Coralville
    County
    Johnson
    State
    Iowa
    Longitude
    -91.566163154833
    Latitude
    41.678925463619

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    FAQs

    What type of property is this?
    Retail property - 1.1-Acre C-2 Zoned Lot, $2M
    Where is this retail property located?
    The property is located at 622 1St Ave Coralville, IA.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: 1.1-acre commercial lot in high-traffic area of Coralville, IA (52241), boasting 22,800 VPD.; C-2 zoning allows for diverse commercial/industrial uses, including office and institutional development.; Excellent location near McDonald's ensures high visibility and foot traffic.
    Request Owner's contact information
    622 1St Ave Coralville, IA 52241
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    Coralville, IA 52241
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    622 1St Ave Coralville, IA 52241
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