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Coral Ridge Mall is a 1.2 million square foot enclosed super-regional shopping center located at 1451 Coral Ridge Avenue in Coralville, Iowa, just south of Interstate 80, providing excellent accessibility for regional shoppers. Opened in 1998 and owned by Brookfield Properties, the mall serves a primary trade area encompassing Iowa City, Cedar Rapids, and parts of eastern Iowa, with a 2023 population of 507,048 and 205,809 households, where 43.52% of households earn over $75,000 annually and 29.16% exceed $100,000, reflecting a relatively affluent and educated demographic influenced by the nearby University of Iowa.
The property attracts approximately 10 million visitors annually, benefiting from high visibility and proximity to university-related traffic.
Tenant mix includes major anchors such as Dillard's, JCPenney, Target, Best Buy, Scheels All Sports, and Barnes & Noble, alongside junior anchors like H&M, Old Navy, HomeGoods, Marshalls, Ulta Beauty, Planet Fitness, and Ashley HomeStore, with additional entertainment options including Marcus Coral Ridge Cinema, BODYARMOR Ice Rink, and Iowa Children's Museum. The mix spans apparel, home goods, sporting goods, beauty, fitness, and dining with 16 restaurants, supporting a balanced retail environment.
As of 2023, the mall maintains 101 active tenants, indicating strong occupancy around 95-100%, above the national average for enclosed malls. Leasing opportunities feature base rents in the mid-20s per square foot annually for small shops, with available spaces including one retail unit as of early 2025. Advantages include robust footfall driven by regional draw and demographic stability, diverse tenant composition that enhances cross-shopping, and operational quality with modern amenities like free parking and public transit access.
However, challenges encompass the mall's age leading to potential infrastructure maintenance needs, historical anchor departures such as Sears in 2013 and Younkers in 2018, increased competition from e-commerce and nearby big-box developments, and market saturation in apparel categories amid shifting consumer preferences toward experiential retail.
Overall, the property offers solid performance metrics for retailers targeting middle-to-upper income families and students, though prospective lessees should assess category-specific risks and negotiate terms considering local economic factors like university enrollment fluctuations.
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Hours of Operation
Hours
| Monday | 11:00 AM — 07:00 PM |
| Tuesday | 11:00 AM — 07:00 PM |
| Wednesday | 11:00 AM — 07:00 PM |
| Thursday | 11:00 AM — 07:00 PM |
| Friday | 11:00 AM — 08:00 PM |
| Saturday | 11:00 AM — 08:00 PM |
| Sunday | 11:00 AM — 06:00 PM |
Hours may vary on public holidays. Check with individual stores for specific holiday schedules.
Insights
Demographics and Accessibility
The trade area population stands at 507,048 in 2023, with median household income around $66,500 in Coralville and higher regional affluence (43.52% of households over $75,000). Proximity to the University of Iowa (5 miles away) draws a young, educated demographic, including students and faculty, boosting seasonal footfall. Excellent accessibility via I-80 and Iowa Highway 1 ensures high visibility, with 10 million annual visitors. However, traffic congestion during peak university times and competition from Iowa City's downtown boutiques pose access challenges for some retailers.
Tenant Mix and Occupancy
The mall features a diverse tenant mix with anchors like Dillard's, Target, and JCPenney driving traffic, complemented by specialty stores in fashion (H&M, Old Navy), home (HomeGoods, Ashley HomeStore), and services (Ulta, Planet Fitness). Entertainment elements such as Marcus Cinema and an ice rink enhance dwell time. With 101 tenants in 2023, occupancy hovers near 95-100%, outperforming many peers, but past losses like Sears highlight vulnerability in department store categories. Weaknesses include over-reliance on traditional retail amid e-commerce growth, potentially saturating apparel and general merchandise segments.
Lease Terms and Market Risks
Base rents for small shops range from mid-20s per square foot annually, competitive for the region, with terms typically including percentage rent overages and common area maintenance fees. Advantages lie in high footfall supporting sales potential, but risks involve aging infrastructure (built 1998) requiring updates, regional market saturation from nearby strips like Coral North, and economic sensitivity to university dynamics. Prospective lessees face competition from online channels and should evaluate co-tenancy clauses given historical vacancies, ensuring alignment with strong categories like sporting goods and entertainment.
Building Details
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City Snapshot
Coralville, IA
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City Snapshot
Coralville, IA
Comprehensive market intelligence for retail expansion in this city
