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    1 Innovation Dr Cedar Rapids, IA 52404

    For Sale
    Contact for pricing

    Prime Iowa industrial land, ready to build.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 289-acre site, located in Cedar Rapids, Iowa, presents a unique opportunity for industrial development. Situated at Lot 1 Innovation Drive SW, 52404, Linn County, this property boasts a General Industrial zoning designation, making it ideal for a wide range of industrial uses. The land is pad-ready, offering significant advantages to developers. All necessary entitlement work, including zoning, is already completed, streamlining the development process and saving valuable time and resources. The asking price includes comprehensive site preparation, encompassing mass grading, utility installation, road infrastructure construction, and the development of regional detention facilities. Up to 115 acres are currently available for immediate development. Construction of the mass grading is scheduled to commence in Spring 2023, further accelerating the project timeline. The property's convenient location provides immediate access to Interstate 380 via Innovation Drive, ensuring excellent connectivity and logistical efficiency. The property's APN is 192017600300000. This is a truly exceptional opportunity to acquire a fully prepared industrial site in a thriving location.

    Property Features for 1 Innovation Dr

    General Information

    Property type
    Land
    Lot Size
    12,588,840 SF

    HighLights

    • 289‑acre industrial site in Cedar Rapids, IA, ready for immediate development.
    • Located at Lot 1 Innovation Drive SW, 52404, Linn County, with General Industrial zoning.
    • Pad‑ready site with completed entitlements, including zoning.
    • Includes site preparation: mass grading, utilities, roads, and detention facilities.
    • Up to 115 acres immediately available; mass grading starts Spring 2023.
    • Excellent access to I‑380 via Innovation Drive.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Cedar Rapids
    County
    LINN
    State
    Iowa
    Longitude
    -91.6793425
    Latitude
    41.8922472

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    FAQs

    What type of property is this?
    Land - Prime Iowa industrial land, ready to build.
    Where is this land located?
    The property is located at 1 Innovation Dr Cedar Rapids, IA.
    What are key features of this property?
    This property features: 289-acre industrial site in Cedar Rapids, IA, ready for immediate development.; Located at Lot 1 Innovation Drive SW, 52404, Linn County, with General Industrial zoning.; Pad-ready site with completed entitlements, including zoning.
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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
    1 Innovation Dr Cedar Rapids, IA 52404
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