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 / Clothing Store / Children'S Clothing Store
- 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 Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,075,000
- ML approach
- $2,180,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $3,030,000
- 6.5%
- $2,800,000
- 7%
- $2,600,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,773,000
Market price range: $918k - $2.30M -
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $1,470,000 Current use
- RESTAURANT
- $2,840,000 Change: +93% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $1,915,000 Change: +30% Conversion: Difficult
- MEDICAL BUILDING
- $1,795,000 Change: +22% Conversion: Difficult
- RETAIL STORES
- $1,480,000 Change: +0% Conversion: Easy
- OFFICE BUILDING
- $1,400,000 Change: -5% Conversion: Moderate
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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
