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    OFF-MARKET
    Land

    8915 Griswold Ln, Cedar Rapids, IA 52404

    1.39 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 1.39-acre commercial lot, located at 8915 Griswold Lane SW, Lot 19 in Cedar Rapids, Iowa (APN 192147600300000), presents a prime investment opportunity. Zoned S-MC, this property is part of Big Ben Additions, a thriving mixed-use development in a high-traffic area. Situated near Kirkwood and College Community educational districts, it benefits from excellent visibility at the intersection of Wright Brothers Boulevard SW and Kirkwood Boulevard SW. The location offers convenient access to Eastern Iowa Airport, I-380, and Highway 30, with I-380 traffic exceeding 58,000 vehicles daily. The property's strategic placement is further enhanced by the commencement of construction on several hundred new residential homes in a neighboring development. This lot offers significant potential for various commercial uses, with the possibility of combining with adjacent lots to create a larger footprint. The asking price is $481,969. This is a rare opportunity to acquire a well-positioned commercial lot in a rapidly growing area of Cedar Rapids. The property is owned by an investor.

    Property profile
    Verified
    Property type Land
    Lot 1.39 ac (60,548 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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