GLD Commercial is pleased to offer a Coralville Strip commercial site at 404 2nd Street, Coralville, Iowa, a rare opportunity with drive-thru capabilitiy in one of Eastern Iowa’s most visible and established retail corridors. The property includes a former 10,380 SF auto dealership on a newly parceled 2.09-acre lot with C-2 arterial commercial zoning, giving users the flexibility to reuse the building or clear the site for new construction.
With traffic counts reported at more than 27,000 vehicles per day along 2nd Street, this Coralville Strip 2-acre commercial site delivers the exposure, access, and branding potential that regional and national retailers, service providers, and automotive users require.
Why the Coralville Strip is a top retail corridor
The Coralville Strip along 2nd Street has long been recognized as one of the most desired commercial corridors in the Iowa City–Coralville area. It connects Iowa City and Coralville, ties into Coral Ridge Mall and Iowa River Landing, and sits minutes from Interstate 80, positioning retailers to capture both local and regional customers.
Key reasons the site at 404 2nd Street is compelling include:
- High traffic volumes: 2nd Street carries over 27,000 vehicles per day, providing consistent drive-by impressions and signage visibility.
- Regional draw: This area serves as a primary link between Iowa City, Coralville and the broader Corridor, drawing shoppers from across Johnson and Linn counties.
- Retail critical mass: The Coralville Strip is home to a mix of national, regional, and strong local brands, reinforcing its role as a preferred shopping and service destination.
- Opportunity: Exceptional drive-thru opportunity in high-demand Coralville Strip location.
For users who want a Coralville Strip commercial site with both current income potential and long-term redevelopment upside, 404 2nd Street is uniquely positioned.
Property details: 2.09 acres with former auto dealership
The Coralville Strip 2-acre commercial site at 404 2nd Street includes:
- Building size: Approximately 10,380 SF former auto dealership with showroom, service, and office components
- Lot size: 2.09 acres, newly parceled to create a clear development footprint
- Year built: 1963 (existing structure)
- Zoning: C-2 Arterial Commercial District
The existing building can be repurposed for another automotive, showroom, or service user, or can be demolished to create a clean slate for a new retail, service, or mixed-use building that matches today’s prototype standards. This flexibility is one of the hallmarks of the Coralville Strip 2-acre commercial site and allows both owner-users and developers to implement their own vision.
The site also features shared detention and a cross easement with the neighboring Corda Credit Union, ensuring coordinated stormwater management and access across both properties.
Zoning and use potential: C-2 Arterial Commercial District
The C-2 Arterial Commercial District is intended for higher intensity commercial uses that locate along major arterials and rely heavily on vehicular access. At this Coralville Strip 2-acre commercial site, C-2 zoning allows a wide variety of uses, including:
- Retail stores and showrooms
- Restaurants and quick-service concepts, drive-thru capability
- Automotive sales and service
- Personal and professional services
- Medical, wellness, and specialty uses
The combination of C-2 zoning, 2.09 acres, and 27,000+ vehicles per day makes 404 2nd Street suitable for single-tenant flagship users, multi-tenant retail centers, or a hybrid of retail and service tenants anchored by a strong brand. GLD Commercial’s Corridor experience and Coralville market coverage can help you evaluate which concept best fits this Coralville Strip 2-acre commercial site.
Investment and redevelopment considerations
Offered at $2,500,000, the Coralville Strip 2-acre commercial site at 404 2nd Street provides multiple value paths for investors and users.
Potential strategies include:
- Adaptive reuse: Modernize the existing 10,380 SF building for an auto group, specialty showroom, or large-format retailer that wants a presence on the Coralville Strip without full new construction costs.
- Ground-up redevelopment: Clear the site and create a new, multi-tenant retail or service center with modern parking, drive-thru options, and signage aligned with contemporary Corridor prototypes.
- Owner-user + multi-tenant: Combine an owner-occupied flagship with one or more inline tenants to create both brand presence and income.
As highlighted in GLD Commercial’s broader Coralville commercial real estate coverage, projects along the Strip and Highway 965 continue to attract interest due to strong fundamentals and long-term growth in the Iowa City Corridor. This Coralville Strip 2-acre commercial site fits directly into that trend.
Why partner with GLD Commercial on 404 2nd Street
GLD Commercial’s Rachel Waters and Angie Glick-Martin, SIOR bring deep Corridor market knowledge, including recent work on Coralville retail developments, highway corridor opportunities, and Strip infill sites. For the Coralville Strip 2-acre commercial site at 404 2nd Street, the team can:
- Provide detailed traffic, demographic, and competitive context
- Model different site layouts and tenant mixes
- Evaluate whether reuse or redevelopment delivers the best return
- Coordinate conversations with the City of Coralville regarding access, signage, and site plan approvals
This strategic support helps owners and occupiers maximize the value of a rare Coralville Strip 2-acre commercial site in a market where large, high visibility parcels are scarce.
The Coralville Strip 2-acre commercial site is located at 404 2nd Street, Coralville, Iowa, on the well-known Coralville Strip between Iowa City and Coral Ridge Mall. It sits along a high traffic corridor with reported counts above 27,000 vehicles per day, providing exceptional visibility for retail and service users.
The Coralville Strip 2-acre commercial site is considered prime because the Strip is one of Eastern Iowa’s most established commercial corridors, connecting Iowa City, Coralville, Coral Ridge Mall, and Iowa River Landing near I-80. Retailers on the Strip benefit from strong daily traffic, regional customer draw, and a critical mass of national, regional, and local brands that reinforce customer habits.
At the Coralville Strip 2-acre commercial site, buyers can either repurpose the existing 10,380 SF former auto dealership or scrape the building and start fresh with new construction. C-2 zoning supports a wide range of retail, restaurant, automotive, and service uses, giving developers flexibility to design a single tenant flagship, multi-tenant strip center, or hybrid concept.
The Coralville Strip 2-acre commercial site at 404 2nd Street is zoned C-2 Arterial Commercial District, which is intended for higher-intensity commercial uses along major arterials. This zoning allows numerous retail, service, and automotive uses and aligns with the historic and current role of the Coralville Strip as a primary commercial corridor.
According to listing information and Iowa DOT traffic data, the Coralville Strip 2-acre commercial site on 2nd Street experiences more than 27,000 vehicles per day, providing strong drive-by exposure and signage opportunities. This level of traffic is a key reason retailers and service brands target Coralville Strip locations when expanding in the Iowa City Corridor.
GLD Commercial can help evaluate the Coralville Strip 2-acre commercial site by providing traffic and demographic data, reviewing zoning and site layout options, and modeling potential reuse and redevelopment scenarios. Their brokers regularly advise clients on Coralville Strip and Highway 965 opportunities and can guide you through acquisition, entitlement, and leasing decisions for 404 2nd Street.