230 Collins Rd Neb Cedar Rapids, IA 52402-3117
This exceptional 30,094 square foot commercial land parcel presents a unique investment opportunity in Cedar Rapids, Iowa. Situated at 230 Collins Road NE, zip code 52402, this single-tenancy property boasts a prime location within a thriving retail corridor. The site benefits from high visibility and exceptional daily traffic counts exceeding 38,000 vehicles on Collins Road NE. This makes it an ideal location for a variety of commercial developments. The property is currently available for ground lease or a reverse build-to-suit arrangement, offering flexibility for potential developers. Its adjacency to the new Raising Cane's restaurant, slated to open in 2022, further enhances its desirability and potential for synergistic growth. This rare pad site presents a compelling opportunity to establish a strong presence in a high-traffic area of Cedar Rapids, capitalizing on the existing retail momentum and significant daily traffic volume. The property's size and location make it suitable for a wide range of commercial uses, offering significant potential for return on investment. Serious inquiries are encouraged to explore this exceptional opportunity.
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Raising Cane's Chicken Fingers Restaurant Take-out & Catering
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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.