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    Merchant St Coralville, IA 52241

    For Sale
    $376,359

    3.84 Acres, Highway 6 Frontage, $376,359

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 3.84-acre commercial land parcel, identified as Lots 3 & 4 of the Veritas First Addition on Merchant Street in Coralville, Iowa, presents a unique investment opportunity. Located in a rapidly expanding area along Highway 6, this property offers unparalleled access to major transportation arteries, including proximity to Interstates 80 and 380. The asking price is $376,359, translating to $98,010.16 per acre. The land is zoned C2, permitting a variety of commercial uses. Potential buyers should note that any site and building plans must receive approval from the City of Coralville and adhere to the city's West Land Use Area Plan. This plan designates the area as Corridor Commercial, characterized by retail uses situated on collector and arterial streets. The property's APN numbers are 0635206001 and 0635135002. This prime location and flexible zoning make this an ideal site for a range of commercial ventures. Seize this chance to establish a presence in a thriving Iowa City area market. Serious inquiries are encouraged.

    Property Features for 0 Merchant St

    General Information

    Property type
    Land
    Lot Size
    167,270 SF

    HighLights

    • 3.84‑acre commercial land parcel in Coralville, IA, Lots 3 & 4 of Veritas First Addition on Merchant Street.
    • $376,359 asking price ($98,010.16/acre).
    • C2 zoning allows for various commercial uses.
    • Excellent access to Hwy 6, I‑80, and I‑380.
    • City of Coralville approvals required for site and building plans, per West Land Use Area Plan (Corridor Commercial).
    • APN: 0635206001 and 0635135002.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Coralville
    County
    Johnson
    State
    Iowa
    Longitude
    -91.6260619
    Latitude
    41.6998987

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    FAQs

    What type of property is this?
    Land - 3.84 Acres, Highway 6 Frontage, $376,359
    Where is this land located?
    The property is located at Merchant St Coralville, IA.
    What is the asking price?
    The asking price for this property is $376,359.
    What are key features of this property?
    This property features: 3.84-acre commercial land parcel in Coralville, IA, Lots 3 & 4 of Veritas First Addition on Merchant Street.; $376,359 asking price ($98,010.16/acre).; C2 zoning allows for various commercial uses.
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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
    Merchant St Coralville, IA 52241
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