2211 2Nd StCoralville, IA 52241

Property Details for 2211 2Nd St

Year built

1981

Construction

STEEL FRAME

Lot size

7.39 AC

Property size (Sq ft)

76,045 SF

Property type

Retail properties

Property subtype

Retail space

APN

1006237004

APU

1006237004

Description

This exceptional 53,412 square foot retail space is ideally situated at the corner of 2nd Street and Highway 6, and 22nd Avenue, in the thriving Coralville retail district. Benefit from its strategic location just east of Coral Ridge Mall, a major shopping destination attracting over 10 million visitors annually. The property boasts a generous parking ratio of 4.86 spaces per 1,000 square feet, ensuring ample customer convenience. The building features an impressive 18-foot clear height. This single-tenant property offers significant flexibility

• CAP approach

  CAP return

  Valuation

  6%

  $29,907,430

  6.5%

  $27,606,860

  7%

  $25,634,940

• Comparable approach

  Method

  Valuation

  Relative Method

  $14,939,740

  Geo Method

  $14,939,740

• Alternative Use

  Use

  Valuation

  Residential

  $23,287,418

  Hospitality

  $21,331,150

  Educational

  $17,747,266

  Medical

  $18,357,622

  Retail

  $27,606,860

Location Insight

City

Coralville

County

Johnson

State

Iowa

Latitude

41.6839

Longitude

-91.5958

CBSA code

26980

CBSA name

IOWA CITY, IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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