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    8921 Griswold Ln Cedar Rapids, IA 52404

    For Sale
    $640,532

    1.85-acre lot, prime location, $640,532

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 1.85-acre commercial lot, located at 8921 Griswold Lane SW, Lot 20 in Cedar Rapids, Iowa (APN 192147600300000), presents a unique investment opportunity. Zoned S-MC, this property is situated within the College Community and Kirkwood Community College educational district, offering excellent visibility at the corner of Wright Brothers Boulevard SW and Kirkwood Boulevard SW. Its strategic location provides easy access to I-380 and Highway 30, placing it just miles from the Eastern Iowa Airport. The high traffic volume on I-380, exceeding 58,000 vehicles daily, ensures significant exposure for any commercial venture. This lot is part of Big Ben Additions, a new mixed-use development, and benefits from the construction of several hundred new residential homes planned nearby. The property offers flexibility, with the possibility of combining lots and long-term ground leases available. The asking price for this exceptional opportunity is $640,532. This is a rare chance to acquire a substantial commercial lot in a rapidly growing area of Cedar Rapids. The property's location and zoning make it suitable for a wide range of commercial uses.

    Property Features for 8921 Griswold Ln

    General Information

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

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Cedar Rapids
    County
    Linn
    State
    Iowa
    Longitude
    -91.657202897315
    Latitude
    41.890531472812

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    FAQs

    What type of property is this?
    Land - 1.85-acre lot, prime location, $640,532
    Where is this land located?
    The property is located at 8921 Griswold Ln Cedar Rapids, IA.
    What is the asking price?
    The asking price for this property is $640,532.
    (319) 360-7017
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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
    8921 Griswold Ln Cedar Rapids, IA 52404
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