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    1635 Center St Cedar Rapids, IA 52402

    Sponsored
    For Sale
    Contact for pricing

    Prime .55 acre lot, ideal development

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial and residential land offering encompasses two parcels totaling 0.551 acres, strategically located at 1635 & 1639 Center St NE in Cedar Rapids, Iowa (52402). The property boasts convenient access to I-380, placing it within easy reach of major transportation arteries. Its zoning allows for both commercial and residential development, presenting a unique opportunity for diverse projects. The site's prime location near the intersection of 32nd Ave and Oakland Rd NE offers significant advantages, with high visibility and proximity to established businesses. Nearby amenities include a Hy-Vee supermarket, Family Dollar, Casey's General Store, Papa Murphy's Pizza, Papa John's Pizza, and a New Pioneer Co-op, ensuring a vibrant and convenient surrounding environment. The parcels are situated for economic growth and development, promising enhanced future property value. APN numbers are 14094-04002-00000 and 14094-04003-00000. This is a rare opportunity to acquire a well-positioned property with significant potential for future returns. The land's versatility and location make it an attractive investment for developers seeking a high-impact project in a thriving Cedar Rapids neighborhood.

    Property Features for 1635 Center St

    General Information

    Property type
    Land
    Lot Size
    10,454 SF

    HighLights

    • 0.551‑acre land parcel in Cedar Rapids, IA, comprised of two lots totaling 0.551 acres.
    • Located near the intersection of 32nd Ave and Oakland Rd NE, Cedar Rapids, IA.
    • Zoned for residential use and situated adjacent to Hy‑Vee #5 on Oakland Road.
    • Offers convenient access to I‑380.
    • Surrounded by numerous amenities including Hy‑Vee, Family Dollar, Casey's, Papa Murphy's, Papa John's, and New Pioneer Co‑op.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store 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
    -91.660987595918
    Latitude
    42.011867432298

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    FAQs

    What type of property is this?
    Land - Prime .55 acre lot, ideal development
    Where is this land located?
    The property is located at 1635 Center St Cedar Rapids, IA.
    What are key features of this property?
    This property features: 0.551-acre land parcel in Cedar Rapids, IA, comprised of two lots totaling 0.551 acres.; Located near the intersection of 32nd Ave and Oakland Rd NE, Cedar Rapids, IA.; Zoned for residential use and situated adjacent to Hy-Vee #5 on Oakland Road.
    (319) 900-6032
    Request Owner's contact information
    1635 Center St Cedar Rapids, IA 52402
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    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
    1635 Center St Cedar Rapids, IA 52402
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