Property profile

218 2Nd St Coralville, IA 52241

FOR SALE
Retail space
Property ID
US25-2361554
10,184 SF 0.7 ac lot Built 1983
Entity Owned Free & Clear
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218 2Nd St, Coralville, IA 52241 For Sale
$2,500,000 10,184 SF
218 2Nd St, Coralville, IA 52241
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1983
Construction STEEL FRAME
Total area 10,184 SF
Lot 0.7 ac (30,520 SF)
APN 1008205002
UPID US25-2361554

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

218 2Nd St Coralville, IA 52241
Coralville metro Census 200 IOWA CITY, IA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.49M
Comparable Approach Comparable
$1.49M
Blend (final) Blend
$1.07M

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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