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    2115 Ridgeway Ave Cedar Falls, IA 50613

    For Sale
    $1,176,000

    High-traffic Cedar Falls corner lot. Ideal for mixed-use development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional 1.75-3.5 acre commercial land parcel, located at 2115 W Ridgeway Ave in Cedar Falls, Iowa (zip code 50613), presents a unique investment opportunity. Situated on a hard corner with high visibility, this property benefits from a newly installed traffic signal at the busy intersection of Hudson Rd and Ridgeway Ave. Its strategic location offers easy access to major transportation routes, including Highway 20 (just 1/4 mile north) and places it near the Cedar Falls Industrial Park and only two miles south of the University of Northern Iowa campus. The area boasts strong demographics, with Target and Amazon distribution centers located within a mile. The permitted zoning is Hwy 1 Commercial, allowing for flexibility in development. The property is suitable for a variety of uses, including convenience retail, medical office spaces, or other mixed-use developments. The asking price is $1,176,000, with a land value of $1,089,000 per acre. This high-traffic, high-visibility location offers significant potential for substantial returns. The site can accommodate a development as large as 3.5 acres or as small as 1.75 acres, providing flexibility to suit various project scopes.

    Property Features for 2115 Ridgeway Ave

    General Information

    Property type
    Land

    HighLights

    • High‑traffic corner location with excellent visibility.
    • Flexible land size: 1.75 to 3.5 acres.
    • Mixed‑use zoning allowing high‑density residential development.
    • Suitable for convenience retail or medical office uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Wholesale Shop Auto Repair Shop Auto Parts Store Pharmacy Hotel & Motel Kitchen & Bath

    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
    -92.470332951915
    Latitude
    42.469562055007

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    FAQs

    What type of property is this?
    Land - High-traffic Cedar Falls corner lot. Ideal for mixed-use development.
    Where is this land located?
    The property is located at 2115 Ridgeway Ave Cedar Falls, IA.
    What is the asking price?
    The asking price for this property is $1,176,000.
    What are key features of this property?
    This property features: High-traffic corner location with excellent visibility.; Flexible land size: 1.75 to 3.5 acres.; Mixed-use zoning allowing high-density residential development.
    Request Owner's contact information
    2115 Ridgeway Ave 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
    2115 Ridgeway Ave Cedar Falls, IA 50613
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