# 320 2nd St, Coralville, IA 52241

> **TL;DR:** residential multi family, $6,450,000 ($326/sqft), built 1963, 19,786 sqft. Est. $27,950/mo. Listed 63 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $6,450,000 |
| Price/sqft | $326 |
| Square Feet | 19,786 |
| Year Built | 1963 |
| Property Type | Residential Multi Family |
| Status | For Sale |
| Days on Market | 63 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $27,950 |
| **Total** | **$27,950** |

## Nearby Schools

- **Elementary:** Lincoln
- **Middle:** Southeast
- **High:** City

## Property Highlights

- Built in 1963

## 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
- **Neighborhood:** Coralville Commercial
- **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
- **Phone:** 3193316187
- **Email:** jeff@icrealestate.com

## Primary Photo

![320 2nd St - Primary Photo](http://lh.rdcpix.com/8ad12316c8647e36d710bd05e206a765l-f4103129387r.jpg)

*26 total photos available on [listing page](https://www.propertysimple.com/listing/320-2nd-st-coralville-ia-52241-02601037)*

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**MLS#:** 202601037 | **Updated:** 2026-04-24
**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.com/listing/320-2nd-st-coralville-ia-52241-02601037)

---

## Structured Data

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  "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 o",
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