8915 Griswold Ln, Cedar Rapids, IA 52404
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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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.