3620 Edgewood Rd SW Cedar Rapids, IA 52404
- Strip malls
- 17,957 SF
- 1.82 lot acres
Current Use by Public Records
- Iowa Style Apparel / Men'S Clothing Store / Footwear Wholesaler
- Maurices / Women'S Clothing Store / Plus Size Clothing Store
- Famous Footwear / Shoe Store
- Blake Tiedtke / Physical Therapist / Practitioner Service Location
- Justin Bonzato / Physical Therapist
Property Details for 3620 Edgewood Rd SW
- Year built
- 2007
- Lot size
- 1.82 lot acres
- Property size
- 17,957 SF
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 20011-76003-00000
- APU
- 200117600300000
Description
This 1,350 sq ft retail space is located within a larger 17,957 sq ft shopping center at 3620 Edgewood Rd SW, Cedar Rapids, IA 52404. Built in 2007, this single-story building sits on a 1.82-acre lot and is zoned for Suburban Mixed Use Regional Center. The space offers an open concept layout, an in-suite restroom, a private office, and a back storage area. The property boasts high visibility with over 41,000 vehicles passing daily. Strong co-tenants include well-known national and regional brands such as Maurice's, Famous Footwear, Sally Beauty Supply, and a physical therapy practice. This location enjoys convenient access to Highway 30 and is situated just south of the Westdale shopping area in Linn County. The available space is part of a larger, established shopping center, presenting a prime opportunity for a variety of retail businesses. The property features a single building with multiple tenants. The total building size is 17,957 square feet, with 1,350 square feet currently vacant.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,075,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,915,000
- 6.5%
- $3,050,000
- 7%
- $2,705,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,765,000
- Geo Method
- $3,130,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $3,045,000
- Retail
- $2,870,000
- Mixed-Use
- $2,420,000
- Hospitality
- $2,645,000
- Educational
- $2,640,000
- Residential Income
- $2,795,000
- Energy
- $2,755,000
- Income-Based Land
- $3,225,000
- Food Service
- $3,015,000
Location Insight
- Map
- Local Demand
- City
- Cedar Rapids
- County
- Linn
- State
- Iowa
- Longitude
- -91.7167
- Latitude
- 41.9425
- CBSA code
- 16300
- CBSA name
- CEDAR RAPIDS, IA METROPOLITAN STATISTICAL AREA
