218 2nd St Coralville, IA 52241-2608
This exceptional Coralville property, located at 218 2nd St, offers 23,144 square feet of flexible space, perfect for a variety of businesses. The single-story building, constructed in 1983 and renovated in 1991, sits on a 1.55-acre lot with 181 feet of frontage on HWY 6, near 1st Ave. The zoning is C. The property includes a 10,184-square-foot minimum divisible space, with a maximum contiguous space of 23,144 square feet, currently entirely vacant and available for lease. The building features a combination of office and warehouse space, catering to diverse needs. The warehouse component boasts 3 loading docks and 3 dock-high doors, complemented by ample concrete parking. A smaller office space with a restroom is also included. The property is situated in the Iowa City, Cedar Rapids submarket, offering excellent access and visibility. Annual lease rate is $25.00 per square foot, with estimated CAM costs of $3.67 per square foot per year. Property taxes are $3.67 per square foot. The entire building is also available for sale. This versatile property presents a unique opportunity for businesses seeking a prominent location with ample space and convenient amenities.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.