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    1 Prairie Pkwy Cedar Falls, IA 50613

    For Sale
    $588,060

    1.5-Acre Lot, High Visibility, $9/SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 1.5-acre commercial lot in Cedar Falls, Iowa, presents a unique investment opportunity. Located at Lot 1 Prairie Parkway, 50613, this property boasts a prime location with strong visibility from a roundabout directly across from the Unity Point campus. The asking price is $588,060, translating to a competitive $9 per square foot land value. The lot is zoned MU, offering flexibility for a variety of commercial developments. A significant advantage is the potential for expansion. This lot can be combined with adjacent properties to create a larger development site of up to 8.6 acres, significantly increasing development potential and overall return on investment. The property's strategic location near a major healthcare facility and its high visibility make it an ideal site for businesses seeking strong exposure and convenient access. This is a rare chance to acquire a well-positioned commercial lot in a thriving Iowa community. The coordinates are 42.4918676 latitude and -92.4345704 longitude. Serious inquiries are encouraged.

    Property Features for 1 Prairie Pkwy

    General Information

    Property type
    Land
    Lot Size
    65,340 SF

    HighLights

    • $588,060 asking price for 1.5 acres of commercial land.
    • Located at Lot 1 Prairie Parkway, Cedar Falls, IA 50613.
    • MU zoning.
    • $9/SF land value.
    • High visibility from roundabout, across from Unity Point campus.
    • Potential to combine with adjacent lots for up to 8.6 acres total.
    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 - 1.5-Acre Lot, High Visibility, $9/SF
    Where is this land located?
    The property is located at 1 Prairie Pkwy Cedar Falls, IA.
    What is the asking price?
    The asking price for this property is $588,060.
    What are key features of this property?
    This property features: $588,060 asking price for 1.5 acres of commercial land.; Located at Lot 1 Prairie Parkway, Cedar Falls, IA 50613.; MU zoning.
    (319) 830-5000
    Request Owner's contact information
    1 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
    1 Prairie Pkwy Cedar Falls, IA 50613
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