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    1815 2Nd St Coralville, IA 52241

    Sponsored
    For Lease
    $24 SF/Yr ($12,400 /Mo)

    Coralville, IA: Prime Retail Opportunity

    Lot size:
    6,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Point Plaza, located at 1815 2nd St, Coralville, IA 52241, presents a unique retail or restaurant opportunity. This single-story, 6,200 square foot building, constructed in 2007, sits on a 1.13-acre lot at the highly visible intersection of 20th Avenue & 2nd Street. The property is zoned C2 and is currently fully occupied, offering a single suite of 1,210 square feet. While no individual spaces are currently available, this listing highlights the potential for future opportunities within this thriving retail center. The property boasts strong co-tenancy with established businesses such as Starbucks and AT&T, ensuring high foot traffic and visibility. The building features a single suite, minimizing management complexities. Johnson County property taxes are $6.56 per square foot. This location offers excellent access and visibility, making it an ideal investment for businesses seeking a prime retail space in a bustling Coralville location. The property's strategic location and strong co-tenancy make it a compelling investment opportunity. The minimum divisible space is 1,210 square feet, and the maximum contiguous space is also 1,210 square feet. This property is an excellent opportunity for a business seeking a high-traffic location with strong visibility and established co-tenants.

    Property Features for 1815 2Nd St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,200 SF
    Total Rate
    12400

    Building Details

    Year Built
    2007
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Suite 2
    Size
    1,210 SF
    Rate per SF
    $24

    HighLights

    • 6,200 SF single‑story retail/restaurant building on a 1.13‑acre lot in Coralville, IA.
    • Located at the highly visible intersection of 20th Avenue & 2nd Street.
    • Currently fully occupied with a single 1,210 SF suite; future opportunities may arise.
    • Strong co‑tenancy with Starbucks and AT&T.
    • C2 zoning.
    • Johnson County property taxes: $6.56/SF.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Coralville
    County
    Johnson
    State
    Iowa
    Longitude
    -91.5896437
    Latitude
    41.6792449

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    FAQs

    What type of property is this?
    Restaurant - Coralville, IA: Prime Retail Opportunity
    Where is this restaurant located?
    The property is located at 1815 2Nd St Coralville, IA.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: 6,200 SF single-story retail/restaurant building on a 1.13-acre lot in Coralville, IA.; Located at the highly visible intersection of 20th Avenue & 2nd Street.; Currently fully occupied with a single 1,210 SF suite; future opportunities may arise.
    Request Owner's contact information
    1815 2Nd St 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
    1815 2Nd St Coralville, IA 52241
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