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    8920 Griswold Ln Cedar Rapids, IA 52404

    For Sale
    $327,970

    1.27-acre vacant lot, ideal for restaurant/store

    Property size:
    55,121 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This 1.27-acre vacant commercial lot, located at 8920 Griswold Lane SW, Lot 17 in Cedar Rapids, Iowa, is offered for sale at $327,970. The property, zoned for office and retail use, is perfect for a convenience store or restaurant. With a substantial 55,121 square feet, it presents a significant opportunity in a high-traffic area. Situated within the College Community and Kirkwood Community College district, the lot benefits from excellent visibility at the intersection of Wright Brothers Boulevard SW and Kirkwood Boulevard SW. Its proximity to Eastern Iowa Airport, I-380, and Highway 30 ensures easy accessibility. I-380 traffic counts in this area exceed 58,000 vehicles daily. Furthermore, the development of several hundred new residential homes is planned nearby, promising increased foot traffic and potential clientele. This property is being sold by the owner and presents a unique investment opportunity. The lot is currently vacant, allowing for complete customization to suit the buyer's specific needs.

    Property Features for 8920 Griswold Ln

    General Information

    Property type
    Restaurants
    Square Feet
    55,121 SF
    Lot Size
    55,321 SF

    HighLights

    • 1.27‑acre vacant commercial lot in Cedar Rapids, IA, offered at $327,970.
    • Zoned for office and retail use, ideal for a convenience store or restaurant.
    • 55,121 square feet in a high‑traffic area with excellent visibility at Wright Brothers Blvd SW & Kirkwood Blvd SW.
    • Excellent accessibility near Eastern Iowa Airport, I‑380, and Highway 30; I‑380 sees over 58,000 vehicles daily.
    • Located near Kirkwood and College Community Colleges, and planned residential development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Map

    City
    Cedar Rapids
    County
    Linn
    State
    Iowa
    Longitude
    -91.656998801131
    Latitude
    41.890531757257

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    FAQs

    What type of property is this?
    Restaurant - 1.27-acre vacant lot, ideal for restaurant/store
    Where is this restaurant located?
    The property is located at 8920 Griswold Ln Cedar Rapids, IA.
    What is the asking price?
    The asking price for this property is $327,970.
    What are key features of this property?
    This property features: 1.27-acre vacant commercial lot in Cedar Rapids, IA, offered at $327,970.; Zoned for office and retail use, ideal for a convenience store or restaurant.; 55,121 square feet in a high-traffic area with excellent visibility at Wright Brothers Blvd SW & Kirkwood Blvd SW.
    Request Owner's contact information
    8920 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
    8920 Griswold Ln Cedar Rapids, IA 52404
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