320 2nd St
Coralville, IA 52241

$5,950,000

  • 19,786
    Square Feet

"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...read more 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.

Property Highlights

  • Cooling

    Central A/C, Window Unit

  • Flooring

    Carpet, Ceramic Tile

  • Heating

    Gas, Forced Air

  • Taxes

    $30,748 Taxes

  • Year Built

    Built in 1963

VIEW ALL FEATURES
Contact the Listing Agent

Let Us Help

Not finding what you are looking for?

Call or text

Let's Connect
Real estate agents ready to serve you | Browse homes and real estate for sale
Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 08/26/2026. The listing information on this page last changed on 08/26/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Wed 08/26/2026 2:46:58 PM EST) or MRED MLS (last updated Wed 08/26/2026 2:38:31 PM EST) or SCWMLS (last updated Wed 08/26/2026 2:44:18 PM EST) or Rockford Board of Realtors (NWIAR) (last updated Wed 08/26/2026 2:04:11 PM EST) or Cedar Rapids MLS (last updated Wed 08/26/2026 2:44:16 PM EST) or NEIRBR MLS (last updated Wed 08/26/2026 2:38:46 PM EST) or ICAAR MLS (last updated Wed 08/26/2026 2:37:42 PM EST) or ECIMLS (last updated Wed 08/26/2026 2:45:02 PM EST) or RMLSA (last updated Wed 08/26/2026 2:40:58 PM EST) or Muscatine MLS (last updated Wed 08/26/2026 2:45:32 PM EST) or No Coast MLS (last updated Wed 08/26/2026 2:44:25 PM EST). Real estate listings held by brokerage firms other than Ruhl&Ruhl Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
Privacy Policy / DMCA Notice / ADA Accessibility
Federal Housing Equal Opportunity Realtor
This site is hosted, designed and copyright © 1994 - 2026 by Delta Media Group, Inc. -- Patent Pending --
   Sitemap