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    8915 Griswold Ln Cedar Rapids, IA 52404

    For Sale
    $481,969

    1.39-Acre Commercial Lot, $481,969

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 1.39-acre commercial lot, located at 8915 Griswold Lane SW, Lot 19 in Cedar Rapids, Iowa (APN 192147600300000), presents a prime investment opportunity. Zoned S-MC, this property is part of Big Ben Additions, a thriving mixed-use development in a high-traffic area. Situated near Kirkwood and College Community educational districts, it benefits from excellent visibility at the intersection of Wright Brothers Boulevard SW and Kirkwood Boulevard SW. The location offers convenient access to Eastern Iowa Airport, I-380, and Highway 30, with I-380 traffic exceeding 58,000 vehicles daily. The property's strategic placement is further enhanced by the commencement of construction on several hundred new residential homes in a neighboring development. This lot offers significant potential for various commercial uses, with the possibility of combining with adjacent lots to create a larger footprint. The asking price is $481,969. This is a rare opportunity to acquire a well-positioned commercial lot in a rapidly growing area of Cedar Rapids. The property is owned by an investor.

    Property Features for 8915 Griswold Ln

    General Information

    Property type
    Land
    Lot Size
    60,548 SF

    HighLights

    • New mixed‑use development opportunity.
    • Prime Kirkwood/College Community location.
    • Flexible lot sizes, pricing, and development options available.
    • Excellent access to Eastern Iowa Airport, I‑380, and Highway 30.
    • High traffic counts exceeding 58,000 vehicles daily on I‑380.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Cedar Rapids
    County
    Linn
    State
    Iowa
    Longitude
    -91.656963525345
    Latitude
    41.890527872346

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    FAQs

    What type of property is this?
    Land - 1.39-Acre Commercial Lot, $481,969
    Where is this land located?
    The property is located at 8915 Griswold Ln Cedar Rapids, IA.
    What is the asking price?
    The asking price for this property is $481,969.
    What are key features of this property?
    This property features: New mixed-use development opportunity.; Prime Kirkwood/College Community location.; Flexible lot sizes, pricing, and development options available.
    (319) 360-7017
    Request Owner's contact information
    8915 Griswold Ln 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
    8915 Griswold Ln Cedar Rapids, IA 52404
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