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    FOR SALE
    Commercial real estate

    1622 42Nd St NE, Cedar Rapids, IA 52402

    2.56 ac lot
    Property ID
    US25-0422262
    Property summary
    AI-generated overview

    This exceptional 2.56-acre parcel, located at 1622 42nd St NE in Cedar Rapids, Iowa, presents a unique investment opportunity. Zoned SRMSU (Suburban Residential Medium Single Unit), this property offers significant potential for a variety of commercial and residential developments. Its strategic location, just two blocks from I-380 between Center Point Road and Council Street, ensures high visibility and accessibility. The site benefits from a collective daily street traffic count of 8,600 vehicles, providing excellent exposure for any future development. The property's versatility is further enhanced by its proximity to parcels zoned for Traditional Mixed Use Limited and Traditional Residential High, suggesting potential for synergistic development opportunities. The asking price for this expansive lot is $425,000. This prime location in Linn County, Iowa (zip code 52402), offers a compelling combination of accessibility, visibility, and development potential, making it an attractive proposition for discerning investors seeking a foothold in a thriving Cedar Rapids market. The coordinates for this property are latitude 42.0220514 and longitude -91.6614023.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 2.56 ac (111,514 SF)
    UPID US25-0422262
    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
    Current use
    Occupant on record · Public records
    • Christian & Missionary Church
    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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