For Sale
$3,380,000

218 2Nd St Coralville, IA 52241

Office, Warehouse, Showroom - Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional Coralville commercial property, situated on 1.55 acres at 218 2nd St, offers a unique blend of office, retail, and warehouse space, totaling 23,144 square feet. The property comprises two buildings, constructed in 1983 and renovated in 1991, and features a street-facing structure boasting approximately 10,000 square feet of showroom, office, and meeting rooms. A connected 13,000-square-foot warehouse, added in 1991, is situated on a separate parcel and includes three loading docks, three dock-high doors, an office, and a restroom. The property benefits from ample paved parking and high visibility at a busy intersection in Coralville, Iowa (zip code 52241). Currently vacant, with occupancy available December 1, 2024, this mixed-use property is zoned C and presents a significant investment opportunity. The property includes parcels 1008205002 and 1008205008. The asking price is $3,380,000. Note that the current tenants have rights requiring 24-hour notice for showings and will vacate on November 30, 2024. A Net Net Net (NNN) lease option is available at $25 per square foot for office space and $7.50 per square foot for warehouse space.

Property Details for 218 2Nd St

Property type
Warehouses, Retail properties
Square Feet
23,144 SF
Year Built/Renovated
1983/1991
Buildings
2
Stories
1
Lot Size (sq. ft)
67,518 SF
Units
2

Location Insight

City
Coralville
County
Johnson
State
Iowa
Latitude
41.6697091
Longitude
-91.5696453

FAQs

What type of property is this?
Warehouse - Office, Warehouse, Showroom - Prime Location
Where is the warehouse located?
The property is located at 218 2Nd St Coralville, IA.
What is the asking price?
The asking price for this property is $3,380,000.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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218 2Nd St
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