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    1175 Tower Terrace Rd Hiawatha, IA 52233

    For Sale
    $676,269

    Commercial Lot - Hiawatha, IA

    Lot size:
    2.30 Acres
    Days on Market:
    146
    Last Refresh:
    Dec 6 at 12:06 am

    Property Features for 1175 Tower Terrace Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    112930101100000
    Lot size
    2.30 Acres

    Building Details

    Architectural style
    Other

    Coldwell Banker Hedges (319) 367-8760 [email protected]

    Listing agent Molly Iversen (319) 378-8760

    Listing date Jul 14, 2025

    MLS# 2405499 Listing URL

    Copyright © 2025 Cedar Rapids Area Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Commercial Lot in Hiawatha, IA

    This 2.3-acre commercial lot is located at the southwest corner of Anchor and Tower Terrace Roads. The property has right-in/right-out access to Tower Terrace Road, approved by the City of Hiawatha, according to the preliminary plat. Proposed driveways would be at the buyer's expense. Utilities are available at the site. The lot is situated one block from the new I380 and Tower Terrace interchange and is on bus route 30. Currently zoned AG, the property is zoned for C4. The location is near over 400 multi-family housing units within a 2-mile radius and over 300 single-family dwellings within a 1.5-mile radius in Hiawatha. Robins Landing, a 400-acre development of single-family homes, commercial spaces, and recreational areas, is located just east on Tower Terrace & Robins Roads. Over 100,000 square feet of commercial buildings are situated on the southwest side of Tower Terrace and Robins Roads.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Building Supply Hair Salon Wholesale Shop Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hiawatha
    County
    Linn
    State
    Iowa
    Longitude
    -91.6845105
    Latitude
    42.0584464

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    FAQs

    What type of property is this?
    Commercial land - 2.3 acre commercial lot with utilities in Hiawatha, Iowa.
    Where is this commercial land located?
    The property is located at 1175 Tower Terrace Rd Hiawatha, IA.
    What is the asking price?
    The asking price for this property is $676,269.
    What are key features of this property?
    This property features: - Zoned C4 commercial, opening doors to diverse development possibilities.; - Excellent location with right in/right out access to Tower Terrace Rd, approved by Hiawatha City.; - Utilities available at the site, simplifying development.
    (319) 378-8760
    Request Owner's contact information
    1175 Tower Terrace Rd Hiawatha, IA 52233
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1175 Tower Terrace Rd Hiawatha, IA 52233
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