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    401 74Th St Cedar Rapids, IA 52402

    For Sale
    $399,000

    1.08-acre commercial lot, prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 1.08-acre commercial land parcel presents a unique investment opportunity in Cedar Rapids, Iowa. Located at 401 74th Street NE, this level lot boasts convenient access and high visibility due to its corner location on C Avenue NE, situated between Boyson Road and Tower Terrace. The property offers significant potential for a variety of commercial uses, including a financial institution, professional office building, or medical office. With over 29,000 households within a ten-minute drive, this location ensures high traffic and strong potential for customer base development. The lot features readily available city utilities including water, sewer, electricity, and gas. The lot dimensions are substantial, measuring 47045 square feet, providing ample space for development. This property is zoned for commercial use and presents a rare opportunity to acquire a well-situated, level lot in a thriving area of Cedar Rapids, within the 52402 zip code. The asking price is $399,000. Don't miss this chance to secure a prime piece of commercial real estate in a rapidly growing market.

    Property Features for 401 74Th St

    General Information

    Property type
    Land
    Lot Size
    47,045 SF

    HighLights

    • Level lot.
    • 47,045 square foot lot.
    • Electricity and gas utilities available.
    • City water and sewer, with city roads.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Rapids
    County
    Linn
    State
    Iowa
    Longitude
    -91.6389407
    Latitude
    42.051039

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    FAQs

    What type of property is this?
    Land - 1.08-acre commercial lot, prime location.
    Where is this land located?
    The property is located at 401 74Th St Cedar Rapids, IA.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: Level lot.; 47,045 square foot lot.; Electricity and gas utilities available.
    Request Owner's contact information
    401 74Th St 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
    401 74Th St Cedar Rapids, IA 52402
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