906 2Nd StCoralville, IA 52241

Property Details for 906 2Nd St

Year built

1958

Construction

FRAME

Lot size

0.90 AC

Property size (Sq ft)

10,192 SF

Property type

Retail properties

Property subtype

Strip malls

APN

1005362003

APU

1005362003

Description

This single-tenant, 2,120 square-foot traditional office space is located at 906 2nd St., Suite 2, Coralville, IA 52241. Situated in a bustling commercial corridor between Iowa City and Coral Ridge Mall, this property boasts excellent visibility along US Highway 6, with 27,000 vehicles passing daily. The space features a 10-foot ceiling height and is part of a larger building totaling 10,144 square feet, built in 1958. The property is zoned commercial and has ample on-site parking, providing convenient access for customers and employees. Co-tenants include a Mexican restaurant and an international grocer, while nearby businesses include Dairy Queen, Dunkin' Donuts, Tavern Blue, and Hills Bank. The space's open layout is ideal for a variety of retail or service businesses seeking a high-traffic location. The property includes 220-volt power. The APN is 1005362003. This is a single-story building with no elevators. The property is located near the cross street of 10th Avenue and is part of the Coralville Strip submarket cluster. Property taxes are $4 per square foot.

• CAP approach

  CAP return

  Valuation

  6%

  $4,008,370

  6.5%

  $3,700,034

  7%

  $3,435,746

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,002,312

  Geo Method

  $2,002,312

• Alternative Use

  Use

  Valuation

  Residential

  $3,121,118

  Hospitality

  $2,858,927

  Educational

  $2,378,594

  Medical

  $2,460,397

  Retail

  $3,700,034

Location Insight

City

Coralville

County

Johnson

State

Iowa

Latitude

41.6723

Longitude

-91.5776

CBSA code

26980

CBSA name

IOWA CITY, IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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