For Sale
Property summary
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
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Coralville market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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