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    5 Prairie Pkwy Cedar Falls, IA 50613

    For Sale
    $557,569

    1.6-Acre Commercial Land, High Visibility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 1.6-acre commercial lot, located at Lot 5 Prairie Parkway in Cedar Falls, Iowa (zip code 50613), presents a compelling investment opportunity. Priced at $557,569, or $8 per square foot, this property boasts a highly desirable location with strong visibility from a nearby roundabout. Its MU zoning designation offers considerable flexibility for a range of commercial developments. The lot's strategic position across from the Unity Point campus ensures high traffic and excellent exposure. This property's prime location and zoning make it ideal for businesses seeking a high-profile presence in a thriving community. Furthermore, the possibility of combining this lot with adjacent parcels to create a larger 8.6-acre development significantly enhances its potential. This presents a unique chance to acquire a substantial commercial land holding in a rapidly growing area of Cedar Falls. The coordinates for this property are latitude 42.4918676 and longitude -92.4345704. Serious inquiries are encouraged.

    Property Features for 5 Prairie Pkwy

    General Information

    Property type
    Land
    Lot Size
    69,696 SF

    HighLights

    • 1.6‑acre commercial lot, $8.00/SF, high visibility from roundabout, adjacent to UnityPoint campus; potential for up to 8.6 acres with combined parcels.
    • High‑traffic location with excellent visibility from a nearby roundabout and adjacency to the UnityPoint campus.
    • Potential for expansion up to 8.6 acres through acquisition of contiguous lots.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Falls
    County
    Black Hawk
    State
    Iowa
    Longitude
    -92.4345704
    Latitude
    42.4918676

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    FAQs

    What type of property is this?
    Land - 1.6-Acre Commercial Land, High Visibility
    Where is this land located?
    The property is located at 5 Prairie Pkwy Cedar Falls, IA.
    What is the asking price?
    The asking price for this property is $557,569.
    What are key features of this property?
    This property features: 1.6-acre commercial lot, $8.00/SF, high visibility from roundabout, adjacent to UnityPoint campus; potential for up to 8.6 acres with combined parcels.; High-traffic location with excellent visibility from a nearby roundabout and adjacency to the UnityPoint campus.; Potential for expansion up to 8.6 acres through acquisition of contiguous lots.
    (319) 830-5000
    Request Owner's contact information
    5 Prairie Pkwy Cedar Falls, IA 50613
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    Cedar Falls, IA 50613
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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
    5 Prairie Pkwy Cedar Falls, IA 50613
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