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411 2nd St , Coralville, IA 52241

Contact GLD Commercial

Presented by Gibbs Lamb Drown, Commercial Real Estate Advisors

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