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    IA Cedar Rpd Cedar Rapids, IA 52411

    Sponsored
    For Sale
    $1,309,320

    1.77-acre commercial lot, Cedar Rapids

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.77-acre commercial lot, located at Lot 12 Cross Point Blvd NE in Cedar Rapids, Iowa, presents a prime investment opportunity. Priced at $1,309,320 ($16.95/sq ft), this property is zoned S-MR and offers significant potential for development. Situated within the thriving Edgewood Town Centre (ETC), this lot benefits from its proximity to a 200,000 square foot Fleet Farm store and other established businesses. The location boasts excellent visibility and accessibility, with over 35,000 vehicles passing daily on Edgewood Road NE. Its strategic placement near the Highway 100/Collins Road extension and I-380 interchange ensures convenient access for customers and employees. Furthermore, the property is situated in a rapidly expanding residential and commercial sub-market with high household income demographics, making it an ideal location for a variety of commercial ventures. The lot's size allows for flexibility in development, accommodating both build-to-suit projects and new construction. Consider the possibility of combining this lot with others for even greater expansion potential. This is a rare opportunity to secure a prominent location in one of Cedar Rapids' most dynamic commercial areas. The zip code is 52411 and the property is in Linn County.

    Property Features for IA Cedar Rpd

    General Information

    Property type
    Land
    Lot Size
    77,101 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Cedar Rapids
    County
    Linn
    State
    Iowa
    Longitude
    -91.704047637319
    Latitude
    42.0296581953

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    FAQs

    What type of property is this?
    Land - 1.77-acre commercial lot, Cedar Rapids
    Where is this land located?
    The property is located at IA Cedar Rpd Cedar Rapids, IA.
    What is the asking price?
    The asking price for this property is $1,309,320.
    (319) 360-7017
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    IA Cedar Rpd Cedar Rapids, IA 52411
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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
    IA Cedar Rpd Cedar Rapids, IA 52411
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