110 Audrey Way, Cedar Rapids, IA 52404
This exceptional 2.28-acre commercial lot, located at 110 Audrey Way SW in Cedar Rapids, Iowa (APN 192147600300000), is zoned S-MC and presents a unique investment opportunity. Situated in the thriving College Community and Kirkwood Community College district, this property boasts excellent visibility at the intersection of Wright Brothers Boulevard SW and Kirkwood Boulevard SW. Its strategic location offers easy access to I-380 and Highway 30, placing it within close proximity to the Eastern Iowa Airport. The high traffic volume on I-380, exceeding 58,000 vehicles daily, ensures significant exposure for any commercial venture. This lot is part of Big Ben Additions, a new mixed-use development, and benefits from the construction of several hundred new residential homes planned nearby. The property offers flexibility with build-to-suit options and the possibility of combining with adjacent lots. This presents a compelling opportunity for businesses seeking a prominent location in a rapidly growing area of Cedar Rapids. The asking price is $889,728.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
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.