2870 Edgewood Rd Cedar Rapids, IA 52404
- Strip malls
- 6,136 SF
- 1.08 lot acres
Current Use by Public Records
- Caribou Coffee / Coffee Shop / Breakfast Restaurant
- Midwest Mattress / Mattress Store
Property Details for 2870 Edgewood Rd
- Year built
- 2017
- Lot size
- 1.08 lot acres
- Property size
- 6,136 SF
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 13-36-4-76-052-0-0000
- APU
- 133647605200000
Description
This exceptional 3,592 square foot retail space presents a remarkable sublease opportunity within a vibrant Westdale outparcel. Strategically located at the corner of Edgewood Rd SW and 29th Ave SW, this property boasts unparalleled visibility, benefiting from a daily traffic count exceeding 41,000 vehicles. The open-concept layout offers maximum flexibility for a variety of retail uses. The building, constructed in 2017, is a single-story structure totaling 6,136 square feet, situated on a 1.08-acre lot. Ample on-site parking ensures convenient access for customers and employees. The property is zoned for Suburban Mixed Use Regional Center, allowing for diverse business applications. This prime location benefits from the proximity of established businesses such as Caribou Coffee and Einstein Bros Bagels, creating a synergistic environment and attracting a high volume of foot traffic. The APN is 13364-76052-00000. This is a rare opportunity to secure a highly visible and accessible retail space in a thriving commercial area. Don't miss out on this chance to establish your business in a prime location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,835,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,810,000
- 6.5%
- $2,675,000
- 7%
- $2,805,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,260,000
- Geo Method
- $2,730,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,675,000
- Retail
- $2,375,000
- Mixed-Use
- $2,570,000
- Hospitality
- $2,785,000
- Educational
- $2,760,000
- Residential Income
- $2,070,000
- Energy
- $2,790,000
- Income-Based Land
- $2,125,000
- Food Service
- $2,635,000
Location Insight
- Map
- Local Demand
- City
- Cedar Rapids
- County
- Linn
- State
- Iowa
- Longitude
- -91.7167
- Latitude
- 41.9496
- CBSA code
- 16300
- CBSA name
- CEDAR RAPIDS, IA METROPOLITAN STATISTICAL AREA
