Financial
Distress signals
Property profile

708 1St Ave Coralville, IA 52241

FOR SALE
Turn key restaurants
Property ID
US25-2384978
2,548 SF 1.64 ac lot Built 1971
Last sale Apr 2026 · $2,826,000
Entity Owned Owner of record is a legal entity (LLC / corporation). Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional 1.64-acre commercial and residential land parcel presents a unique investment opportunity in the thriving Coralville/Iowa City market. Strategically located directly across from the Xtream Arena, a multi-functional arena utilized by the University of Iowa Hawkeyes, this property enjoys high visibility and accessibility. The site includes the existing Casa Azul Restaurant and land behind the Scooters Coffee location, offering potential for redevelopment or expansion. The

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$25k
Tax billed · 2023
Assessed value · 2024$771k
Assessed land$686k
Assessed improvement$85k
Effective rate3.22%

Value estimate

· Sep 2026
$410k
$369k – $451k
AI approach$410k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionJOHNSON

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply18.5
Wholesale Shop16.3
Auto Repair Shop13.6

Location

708 1St Ave Coralville, IA 52241
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1701 2nd St, Coralville, IA 52241-1957 $430,000 Jul 2023 2,687 SF
53 2nd, Coralville, IA 52241-2603 $585,000 Oct 2022 3,200 SF
1100 5th, Coralville, IA 52241-2900 $380,500 Aug 2022 1,952 SF
904 2nd, Coralville, IA 52241-2622 $500,000 Jan 2022 2,152 SF
750 Coral Rdg, Coralville, IA 52241-2759 $1,263,000 Dec 2021 3,125 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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