145 Audrey Way Cedar Rapids, IA 52404
This exceptional 1.09-acre lot, located at 145 Audrey Way SW in Cedar Rapids, Iowa (52404), presents a unique investment opportunity. The vacant 47,467 square foot property is zoned for retail, office, grocery store, restaurant, and bar uses, offering significant flexibility for diverse commercial ventures. Situated in the thriving College Community and Kirkwood Community College district, this property benefits from high visibility at the corner of Wright Brothers Boulevard SW and Kirkwood Boulevard SW, ensuring excellent exposure to a substantial customer base. The location provides convenient access to I-380 and Highway 30, with I-380 traffic counts exceeding 58,000 vehicles daily. Proximity to the Eastern Iowa Airport further enhances its appeal. The property is part of Big Ben Additions, a development poised for growth, with construction of hundreds of new residential homes planned for this year in the adjacent area. This strategic location, combined with the substantial lot size and versatile zoning, makes this property an ideal choice for developers and investors seeking a high-impact commercial investment in a rapidly expanding area of Cedar Rapids. The asking price is $282,429.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.