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    2940 Otis Ave SE Cedar Rapids, IA 52403

    Under Contract
    For Sale
    $60,000

    Residential Lot - Cedar Rapids, IA

    Lot size:
    0.64 Acres
    Days on Market:
    114
    Last Refresh:
    Dec 9 at 1:06 am

    Property Features for 2940 Otis Ave SE

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active Under Contract
    APN
    143542701600000
    Lot size
    0.64 Acres

    Building Details

    Architectural style
    Other

    RE/MAX Real Estate Concepts (319) 395-0101 [email protected]

    Listing agent Chad Gloede (319) 395-0101

    Listing date Aug 18, 2025

    MLS# 2502324 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

    Residential Lot in Cedar Rapids

    A 0.64-acre residential lot is available in Cedar Rapids, Iowa. Located in Linn County, the property is designated for residential use.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Bar & Pub Parking Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Rapids
    County
    Linn
    State
    Iowa
    Longitude
    -91.6242644
    Latitude
    41.9518004

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    FAQs

    What type of property is this?
    Land - Residential lot available in Cedar Rapids, Iowa.
    Where is this land located?
    The property is located at 2940 Otis Ave SE Cedar Rapids, IA.
    What is the asking price?
    The asking price for this property is $60,000.
    (319) 395-0101
    Request Owner's contact information
    2940 Otis Ave SE Cedar Rapids, IA 52403
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    Cedar Rapids, IA 52403
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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

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    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
    2940 Otis Ave SE Cedar Rapids, IA 52403
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