1175 Tower Terrace Rd Cedar Rapids, IA 52233
- Land
- 5.46 lot acres
Current Use by Public Records
- Land
Property Details for 1175 Tower Terrace Rd
- Lot size
- 5.46 lot acres
- Property type
- Land
- Property subtype
- Industrial properties
Description
This exceptional 5.46-acre property, located at 1175 Tower Terrace Road in Hiawatha, Iowa (Linn County, zip code 52233), presents a unique investment opportunity. The land is comprised of two parcels (APN: 112930100200000, 112930100200000) and sits at the southeast corner of North Center Point and Tower Terrace Roads. Currently zoned AG, it is permitted for C4 zoning, offering significant development potential. Utilities are readily available on-site. The property benefits from its proximity to the newly opened I-380 and Tower Terrace interchange, as well as Hiawatha's first roundabout. It's conveniently located on bus route 30. The area boasts significant residential growth, with over 400 multi-family housing units within a 2-mile radius and over 300 single-family dwellings within 1.5 miles. Furthermore, the nearby Robins Landing development encompasses 400 acres of single-family homes, commercial, and recreational spaces. Over 100,000 square feet of commercial buildings are located southwest of Tower Terrace and Robins Roads. Access is available via Anchor Road, with potential for direct access to Tower Terrace Road and North Center Point Road pending city approval. The asking price for this prime commercial land is $1,427,026. Future infrastructure improvements, including the I-380 and Boyson Road diverging diamond interchange (projected start date 2025), are expected to further enhance the property's value and accessibility.
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
- -91.6906
- Latitude
- 42.0588
