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    3 Prairie Pkwy Cedar Falls, IA 50613

    Sponsored
    For Sale
    $365,904

    1.2-Acre Commercial Land, High Visibility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1.2-acre commercial lot, located at Lot 3 Prairie Parkway in Cedar Falls, Iowa (zip code 50613), presents a compelling investment opportunity. Priced at $365,904, or $7 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 presents a unique chance to establish a business in a thriving area with a strong healthcare presence. Furthermore, the property's potential is amplified by the possibility of combining it with adjacent lots, allowing for expansion up to a total of 8.6 acres. This provides significant scalability for larger-scale commercial projects. The coordinates for this property are latitude 42.4918676 and longitude -92.4345704. This prime commercial land offers a rare blend of location, size, and potential, making it an ideal investment for discerning buyers.

    Property Features for 3 Prairie Pkwy

    General Information

    Property type
    Land
    Lot Size
    52,272 SF

    HighLights

    • 1.2‑acre commercial lot, $7.00/SF, high visibility from roundabout, adjacent to UnityPoint campus.
    • Potential for up to 8.6 acres via adjacent lot combination.
    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 - 1.2-Acre Commercial Land, High Visibility
    Where is this land located?
    The property is located at 3 Prairie Pkwy Cedar Falls, IA.
    What is the asking price?
    The asking price for this property is $365,904.
    What are key features of this property?
    This property features: 1.2-acre commercial lot, $7.00/SF, high visibility from roundabout, adjacent to UnityPoint campus.; Potential for up to 8.6 acres via adjacent lot combination.;
    (319) 830-5000
    Request Owner's contact information
    3 Prairie Pkwy 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
    3 Prairie Pkwy Cedar Falls, IA 50613
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