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    1175 Tower Terrace Rd Cedar Rapids, IA 52233

    For Sale
    $1,427,026

    High-traffic location, ideal for development. C4 zoning.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 5.46-acre property, located at 1175 Tower Terrace Road in Hiawatha, Iowa (Linn County, zip code 52233), presents a unique investment opportunity. The land is comprised of two parcels (APN: 112930100200000, 112930100200000) and sits at the southeast corner of North Center Point and Tower Terrace Roads. Currently zoned AG, it is permitted for C4 zoning, offering significant development potential. Utilities are readily available on-site. The property benefits from its proximity to the newly opened I-380 and Tower Terrace interchange, as well as Hiawatha's first roundabout. It's conveniently located on bus route 30. The area boasts significant residential growth, with over 400 multi-family housing units within a 2-mile radius and over 300 single-family dwellings within 1.5 miles. Furthermore, the nearby Robins Landing development encompasses 400 acres of single-family homes, commercial, and recreational spaces. Over 100,000 square feet of commercial buildings are located southwest of Tower Terrace and Robins Roads. Access is available via Anchor Road, with potential for direct access to Tower Terrace Road and North Center Point Road pending city approval. The asking price for this prime commercial land is $1,427,026. Future infrastructure improvements, including the I-380 and Boyson Road diverging diamond interchange (projected start date 2025), are expected to further enhance the property's value and accessibility.

    Property Features for 1175 Tower Terrace Rd

    General Information

    Property type
    Farms
    Lot Size
    237,838 SF

    HighLights

    • I‑380 & Tower Terrace Interchange Now Open.
    • I‑380 & Boyson Road diverging diamond interchange; construction start date 2025.
    • 300+ single‑family homes under construction west of I‑380 & Tower Terrace within the next 3 years.
    • Over 400 multi‑family units under development within a 1‑mile radius.
    • 100,000 SF of new commercial warehouse construction within 1 mile.
    • Robins Landing: 400‑acre development including single‑family homes, commercial, and recreational components.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Building Supply Dental Office Auto Repair Shop Wholesale Shop Hotel & Motel Pharmacy Auto Parts Store Gym & Fitness Department Store Kitchen & Bath

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Rapids
    County
    Linn
    State
    Iowa
    Longitude
    -91.690620342911
    Latitude
    42.058767973441

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    FAQs

    What type of property is this?
    Farm - High-traffic location, ideal for development. C4 zoning.
    Where is this farm located?
    The property is located at 1175 Tower Terrace Rd Cedar Rapids, IA.
    What is the asking price?
    The asking price for this property is $1,427,026.
    What are key features of this property?
    This property features: I-380 & Tower Terrace Interchange Now Open.; I-380 & Boyson Road diverging diamond interchange; construction start date 2025.; 300+ single-family homes under construction west of I-380 & Tower Terrace within the next 3 years.
    Request Owner's contact information
    1175 Tower Terrace Rd Cedar Rapids, IA 52233
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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
    1175 Tower Terrace Rd Cedar Rapids, IA 52233
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