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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

8920 Griswold Ln Cedar Rapids, IA 52404

55,121 SF 1.27 ac lot
Property ID
Property summary
AI-generated overview

This 1.27-acre vacant commercial lot, located at 8920 Griswold Lane SW, Lot 17 in Cedar Rapids, Iowa, is offered for sale at $327,970. The property, zoned for office and retail use, is perfect for a convenience store or restaurant. With a substantial 55,121 square feet, it presents a significant opportunity in a high-traffic area. Situated within the College Community and Kirkwood Community College district, the lot benefits from excellent visibility at the intersection of Wright Brothers Boulevard SW and Kirkwood Boulevard SW. Its proximity to Eastern Iowa Airport, I-380, and Highway 30 ensures easy accessibility. I-380 traffic counts in this area exceed 58,000 vehicles daily. Furthermore, the development of several hundred new residential homes is planned nearby, promising increased foot traffic and potential clientele. This property is being sold by the owner and presents a unique investment opportunity. The lot is currently vacant, allowing for complete customization to suit the buyer's specific needs.

Property profile
Verified
Property type Retail properties & Spaces
Total area 55,121 SF
Lot 1.27 ac (55,321 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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