1622 42Nd St NE, Cedar Rapids, IA 52402
For Sale
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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.
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Christian & Missionary Church
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.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.