8920 Griswold Ln Cedar Rapids, IA 52404
- Retail properties
- 55,121 SF
- 1.27 lot acres
Current Use by Public Records
- Retail properties
Property Details for 8920 Griswold Ln
- Lot size
- 1.27 lot acres
- Property size
- 55,121 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Cedar Rapids
- County
- Linn
- State
- Iowa
- Longitude
- -91.657
- Latitude
- 41.8905
