
Price: $1,380,000.00
Property
Subtype: Commercial
Area: Coralville
Lot Size: 1
Acres: 0.77
Year Built: 1987
Zoning: C2
Gross Tax: 67,084
County: Johnson
Utilities
Cable TV, Electricity, Natural Gas, Sewer, Telephone, Water-City
Heating: Forced Air,Gas
Building
Floor Type: Carpet,Ceramic Tile,Concrete Slab/Grade,Vinyl/Vinyl Tile
Lease Terms
Lease Type: For Sale
This commercial multi-use building has 5 apartments, three commercial suites and two warehouses with a total of 16,000 square feet on .77 acres of C-2 zoned Arterial Commercial land. Traffic counts on the Coralville Strip are 32,220 cars per day. Tenants include Allegra Printing, Cafe Crema coffee shop and a clothing store. SGI is $154,644, NOI is 95,585 and cap rate is 6.9%. 411 is also offered as a package deal with 517 2nd St in separate listing.
Listing Agent: Jeff Edberg Office: Lepic-Kroeger, REALTORS Data courtesy of Iowa City Area Association of Realtors MLS