# 320 2nd St, Coralville, IA 52241 > **TL;DR:** commercial, $5,950,000, built 1963. > A/C. Est. $31,821/mo. Listed 101 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $5,950,000 | | Year Built | 1963 | | Lot Size | 114,127 sqft (2.62 acres) | | Property Type | Commercial (Other) | | Status | Active | | Days on Market | 101 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $30,086 | | Estimated Insurance | $1,735 | | **Total** | **$31,821** | ## Key Amenities - A/C ## Property Highlights - Built in 1963 - 2.62 acre lot ## Description ### Agent Description "Pride of pocketbook" with genuine upside income potential. The Iowa Lodge is both a short term rental and commercial rental property. The short term rentals consist of 80-studio/1 bedroom units, 2, two-bedroom units and a single 3-bedroom unit. Most of the residential units are in the wrap around building to the south, the rear of the property. The management office is on part of the first floor of the north property but the balance of about 3,500 feet is vacant commercial property in need of a tenant. There is also 1,000 feet on the second floor of the north building that is a commercial suite sitting vacant. A buyer can take a fresh look at the property and create new income streams from the vacant commercial property. The residential portion of the property serves an important low income sector of the Coralville market and maintains high occupancy levels. The property is also in a developing area to both the west and the east and has a secondary value as a future development property on the Coralville Strip with a grandfathered sign. Financially, this property represents just over a 10% capitalization rate. See attachments for the full pro-forma. ## Location - **Address:** 320 2nd St, Coralville, IA 52241 - **County:** Johnson - **Coordinates:** 41.670138, -91.571035 - **Google Maps:** https://www.google.com/maps?q=41.670138,-91.571035 ## Listing Agent - **Name:** Jeff Edberg - **Brokerage:** Lepic-Kroeger, REALTORS - **Broker Phone:** (319) 351-8811 ## Photos ![320 2nd St - Photo 1](http://lh.rdcpix.com/02f7cf4a28399b2670f76b8dba718b68l-f4103129387r.jpg) ![320 2nd St - Photo 2](http://lh.rdcpix.com/02f7cf4a28399b2670f76b8dba718b68l-f3293397038r.jpg) ![320 2nd St - Photo 3](http://lh.rdcpix.com/02f7cf4a28399b2670f76b8dba718b68l-f2847133737r.jpg) ![320 2nd St - Photo 4](http://lh.rdcpix.com/02f7cf4a28399b2670f76b8dba718b68l-f2337634619r.jpg) ![320 2nd St - Photo 5](http://lh.rdcpix.com/02f7cf4a28399b2670f76b8dba718b68l-f1432579173r.jpg) ![320 2nd St - Photo 6](http://lh.rdcpix.com/02f7cf4a28399b2670f76b8dba718b68l-f4043666969r.jpg) ![320 2nd St - Photo 7](http://lh.rdcpix.com/02f7cf4a28399b2670f76b8dba718b68l-f1582011939r.jpg) ![320 2nd St - Photo 8](http://lh.rdcpix.com/02f7cf4a28399b2670f76b8dba718b68l-f2371683045r.jpg) ![320 2nd St - Photo 9](http://lh.rdcpix.com/02f7cf4a28399b2670f76b8dba718b68l-f4033888209r.jpg) ![320 2nd St - Photo 10](http://lh.rdcpix.com/02f7cf4a28399b2670f76b8dba718b68l-f2345611397r.jpg) ![320 2nd St - Photo 11](http://lh.rdcpix.com/02f7cf4a28399b2670f76b8dba718b68l-f329789986r.jpg) ![320 2nd St - Photo 12](http://lh.rdcpix.com/02f7cf4a28399b2670f76b8dba718b68l-f3166849491r.jpg) ![320 2nd St - Photo 13](http://lh.rdcpix.com/02f7cf4a28399b2670f76b8dba718b68l-f612762364r.jpg) ![320 2nd St - Photo 14](http://lh.rdcpix.com/02f7cf4a28399b2670f76b8dba718b68l-f379491010r.jpg) ![320 2nd St - Photo 15](http://lh.rdcpix.com/02f7cf4a28399b2670f76b8dba718b68l-f284028534r.jpg) ![320 2nd St - Photo 16](http://lh.rdcpix.com/02f7cf4a28399b2670f76b8dba718b68l-f235311612r.jpg) ![320 2nd St - Photo 17](http://lh.rdcpix.com/02f7cf4a28399b2670f76b8dba718b68l-f344102369r.jpg) ![320 2nd St - Photo 18](http://lh.rdcpix.com/02f7cf4a28399b2670f76b8dba718b68l-f907711833r.jpg) ![320 2nd St - Photo 19](http://lh.rdcpix.com/02f7cf4a28399b2670f76b8dba718b68l-f3897218179r.jpg) ![320 2nd St - Photo 20](http://lh.rdcpix.com/02f7cf4a28399b2670f76b8dba718b68l-f2902871710r.jpg) ![320 2nd St - Photo 21](http://lh.rdcpix.com/02f7cf4a28399b2670f76b8dba718b68l-f1109725547r.jpg) ![320 2nd St - Photo 22](http://lh.rdcpix.com/02f7cf4a28399b2670f76b8dba718b68l-f2667039063r.jpg) ![320 2nd St - Photo 23](http://lh.rdcpix.com/02f7cf4a28399b2670f76b8dba718b68l-f1879370067r.jpg) ![320 2nd St - Photo 24](http://lh.rdcpix.com/02f7cf4a28399b2670f76b8dba718b68l-f1616665114r.jpg) ![320 2nd St - Photo 25](http://lh.rdcpix.com/02f7cf4a28399b2670f76b8dba718b68l-f3784523254r.jpg) ![320 2nd St - Photo 26](http://lh.rdcpix.com/02f7cf4a28399b2670f76b8dba718b68l-f2401140306r.jpg) ![320 2nd St - Photo 27](http://lh.rdcpix.com/02f7cf4a28399b2670f76b8dba718b68l-f1618418159r.jpg) --- **MLS#:** 202604573 | **Updated:** 2026-10-27 **Source:** listhub *Copyright © 2026 Iowa City Area Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://www.propertysimple.ai/listing/320-2nd-st-coralville-ia-52241-eefbd6f2a27440d88f0b30acca971082) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/320-2nd-st-coralville-ia-52241-eefbd6f2a27440d88f0b30acca971082#listing", "url": "https://www.propertysimple.ai/listing/320-2nd-st-coralville-ia-52241-eefbd6f2a27440d88f0b30acca971082", "name": "320 2nd St, Coralville, IA 52241", "description": "\"Pride of pocketbook\" with genuine upside income potential. The Iowa Lodge is both a short term rental and commercial rental property. The short term rentals consist of 80-studio/1 bedroom units, 2, two-bedroom units and a single 3-bedroom unit. Most of the residential units are in the wrap around building to the south, the rear of the property. The management office is on part of the first floor of the north property but the balance of about 3,500 feet is vacant commercial property in need of a tenant. There is also 1,000 feet on the second floor of the north building that is a commercial suite sitting vacant. A buyer can take a fresh look at the property and create new income streams from the vacant commercial property. The residential portion of the property serves an important low income sector of the Coralville market and maintains high occupancy levels. The property is also in a developing area to both the west and the east and has a secondary value as a future development property on the Coralville Strip with a grandfathered sign. Financially, this property represents just over a 10% capitalization rate. 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