3220 Wiley SW Blvd Cedar Rapids, IA 52404-4771
- Automotive properties
- 3,604 SF
- 3.69 lot acres
Current Use by Public Records
- Westdale Used Car Superstore / Car Dealer / Truck Dealer
Property Details for 3220 Wiley SW Blvd
- Year built
- 2005
- Lot size
- 3.69 lot acres
- Property size
- 3,604 SF
- Property type
- Automotive properties
- APN
- 20011-26005-00000
- APU
- 200112600500000
Description
This exceptional 6,856 square foot Class A retail property, located at 3220 Wiley Blvd SW in Cedar Rapids, Iowa, is available for $1,800,000. Built in 2005, this vacant property sits on a 3.69-acre lot (160,736.4 sq ft) and features one single-story building with encompassing windows providing abundant natural light. The property boasts a commanding pylon sign, two 12x12 overhead doors, and a vast off-street parking lot. Additional features include a well-lit yard and ample green space. The interior offers a versatile warehouse service area with open showroom and office spaces, suitable for a variety of business uses. The property is zoned S-MU Regional Center and enjoys a highly desirable location near Westdale Town Center, with nearby retail anchors including Target, Walmart Supercenter, Kohl's, and Menards. Its strategic location provides easy access to major highways such as Highway 151, Highway 30, and I-380. The property is currently vacant, with an occupancy date of January 11, 2024. The price per square foot is $262.54. This is an owner-sale opportunity. The Linn County APN is 200112600500000. This property presents a unique redevelopment or retail opportunity in a thriving commercial area.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,070,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,375,000
- 6.5%
- $1,165,000
- 7%
- $1,285,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,250,000
- Geo Method
- $1,175,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,015,000
- Retail
- $1,320,000
- Mixed-Use
- $1,040,000
- Hospitality
- $1,365,000
- Educational
- $1,345,000
- Residential Income
- $1,165,000
- Energy
- $1,210,000
- Income-Based Land
- $1,100,000
- Food Service
- $1,350,000
Location Insight
- Map
- Local Demand
- City
- Cedar Rapids
- County
- Linn
- State
- Iowa
- Longitude
- -91.7218
- Latitude
- 41.9462
- CBSA code
- 16300
- CBSA name
- CEDAR RAPIDS, IA METROPOLITAN STATISTICAL AREA
