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    145 Audrey Way Cedar Rapids, IA 52404

    Sponsored
    For Sale
    $282,429

    Vacant 47,467 SF Retail/Office Space

    Property size:
    47,467 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1.09-acre lot, located at 145 Audrey Way SW in Cedar Rapids, Iowa (52404), presents a unique investment opportunity. The vacant 47,467 square foot property is zoned for retail, office, grocery store, restaurant, and bar uses, offering significant flexibility for diverse commercial ventures. Situated in the thriving College Community and Kirkwood Community College district, this property benefits from high visibility at the corner of Wright Brothers Boulevard SW and Kirkwood Boulevard SW, ensuring excellent exposure to a substantial customer base. The location provides convenient access to I-380 and Highway 30, with I-380 traffic counts exceeding 58,000 vehicles daily. Proximity to the Eastern Iowa Airport further enhances its appeal. The property is part of Big Ben Additions, a development poised for growth, with construction of hundreds of new residential homes planned for this year in the adjacent area. This strategic location, combined with the substantial lot size and versatile zoning, makes this property an ideal choice for developers and investors seeking a high-impact commercial investment in a rapidly expanding area of Cedar Rapids. The asking price is $282,429.

    Property Features for 145 Audrey Way

    General Information

    Property type
    Restaurants
    Square Feet
    47,467 SF
    Lot Size
    47,480 SF

    HighLights

    • 1.09‑acre lot at 145 Audrey Way SW, Cedar Rapids, IA (52404).
    • 47,467 square foot vacant lot zoned for retail, office, grocery, restaurant, and bar uses.
    • High‑visibility corner lot at Wright Brothers Blvd SW & Kirkwood Blvd SW, offering excellent exposure.
    • Convenient access to I‑380 (58,000+ daily traffic) and Highway 30, near Eastern Iowa Airport.
    • Located in the growing College Community/Kirkwood Community College district, adjacent to a new residential development.
    • Asking price: $282,429.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bars

    Map

    City
    Cedar Rapids
    County
    Linn
    State
    Iowa
    Longitude
    -91.656396745227
    Latitude
    41.890869973159

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    FAQs

    What type of property is this?
    Restaurant - Vacant 47,467 SF Retail/Office Space
    Where is this restaurant located?
    The property is located at 145 Audrey Way Cedar Rapids, IA.
    What is the asking price?
    The asking price for this property is $282,429.
    What are key features of this property?
    This property features: 1.09-acre lot at 145 Audrey Way SW, Cedar Rapids, IA (52404).; 47,467 square foot vacant lot zoned for retail, office, grocery, restaurant, and bar uses.; High-visibility corner lot at Wright Brothers Blvd SW & Kirkwood Blvd SW, offering excellent exposure.
    Request Owner's contact information
    145 Audrey Way Cedar Rapids, IA 52404
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    Cedar Rapids, IA 52404
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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
    145 Audrey Way Cedar Rapids, IA 52404
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