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    5320 Council St Cedar Rapids, IA 52402

    Sponsored
    For Sale
    $745,000

    1.85-acre prime commercial lot, high visibility.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1.85-acre commercial lot, located at 5320 Council St NE in Cedar Rapids, Iowa (zip code 52402, APN 14032510060000), presents a unique investment opportunity. Situated directly in front of the popular Galaxy 12 movie theater, this property boasts unparalleled visibility with over 18,000 cars passing daily. Its strategic location between Blairs Ferry Road and Collins Road, with convenient access to I-380, ensures seamless connectivity for customers and employees. Zoned S-MC, this shovel-ready lot has all necessary infrastructure in place, allowing for immediate construction and rapid project completion. Ideal for retail, dining, or service-oriented businesses seeking high traffic exposure and easy accessibility, this property offers a compelling combination of location, visibility, and infrastructure, making it an attractive prospect for developers and investors. The asking price is $745,000. This is a for sale by owner listing.

    Property Features for 5320 Council St

    General Information

    Property type
    Land
    Lot Size
    80,586 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Rapids
    County
    Linn
    State
    Iowa
    Longitude
    -91.658308842644
    Latitude
    42.031957318514

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    FAQs

    What type of property is this?
    Land - 1.85-acre prime commercial lot, high visibility.
    Where is this land located?
    The property is located at 5320 Council St Cedar Rapids, IA.
    What is the asking price?
    The asking price for this property is $745,000.
    Request Owner's contact information
    5320 Council St Cedar Rapids, IA 52402
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    Cedar Rapids, IA 52402
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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
    5320 Council St Cedar Rapids, IA 52402
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