2425 2Nd StCoralville, IA 52241

Property Details for 2425 2Nd St

Year built

2015

Construction

STEEL FRAME

Lot size

0.84 AC

Property size (Sq ft)

8,040 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

1101103012

APU

1101103012

Description

This exceptional retail opportunity is located at 2425 2nd Street in Coralville, Iowa, 52241. The property, Coral Plaza, is a single-story, 8,040 square foot building constructed in 2015 and zoned C2. It features three suites in a multi-tenant configuration, with one suite currently vacant at 1,650 square feet. This space is an endcap unit, previously occupied by a Subway restaurant, offering excellent visibility and accessibility. The minimum divisible space is 1,495 square feet, while the maximum contiguous space available is 4,895 square feet. The building is anchored by a Verizon store, ensuring high foot traffic and a strong retail environment. Property taxes are $6.49 per square foot. This location offers a fantastic opportunity for a variety of retail or restaurant businesses seeking a high-traffic, well-established location in Coralville, Iowa. The property benefits from its proximity to major roadways and a vibrant community. The available space is ready for immediate occupancy and presents a unique chance to establish or expand a business in a thriving market. Contact us today to learn more about this exceptional retail opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $3,162,019

  6.5%

  $2,918,787

  7%

  $2,710,302

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,579,532

  Geo Method

  $1,579,532

• Alternative Use

  Use

  Valuation

  Residential

  $2,462,106

  Hospitality

  $2,255,276

  Educational

  $1,876,363

  Medical

  $1,940,894

  Retail

  $2,918,787

Location Insight

City

Coralville

County

Johnson

State

Iowa

Latitude

41.6847

Longitude

-91.6006

CBSA code

26980

CBSA name

IOWA CITY, IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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