2605 Edgewood RdCedar Rapids, IA 52404

  • Turn key restaurants
  • 7,111 SF
For Lease
$20/SF/YR View listing

Property Details for 2605 Edgewood Rd

Year built
2000
Lot size
1.45 AC
Property size (Sq ft)
7,111 SF
Property type
Turn key restaurants
APN
14-31-3-53-002-0-0000
APU
143135300200000

Description

This exceptional 6,750-square-foot retail space is available for lease at 2605 Edgewood Rd SW in Cedar Rapids, Iowa. Located in Linn County, this single-tenant property sits on a substantial 63,162-square-foot lot, offering ample space and visibility. The building is zoned C-1, providing flexibility for a variety of commercial uses. Currently, the entire 6,750 square feet is vacant, presenting a unique opportunity for a business seeking a prominent location in a thriving area. The property's address is 2605 Edgewood Rd SW, Cedar Rapids, IA 52404. Its convenient location offers excellent access to major roadways and a strong customer base. The expansive lot size provides ample parking and potential for future expansion or outdoor amenities. This is an ideal opportunity for a business seeking a high-visibility location with significant square footage in a desirable Cedar Rapids neighborhood. The property is ready for immediate occupancy, allowing for a quick and efficient start to operations. Interested parties should inquire promptly to secure this exceptional retail space. The property's geographic coordinates are latitude 41.9524991 and longitude -91.7151657.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,720,707
    6.5%
    $1,588,345
    7%
    $1,474,892
  • Comparable approach

    Method
    Valuation
    Relative Method
    $914,622
    Geo Method
    $914,622
  • Alternative Use

    Use
    Valuation
    Residential
    $1,339,828
    Hospitality
    $1,227,276
    Educational
    $1,021,079
    Medical
    $1,056,195
    Retail
    $1,588,345

Location Insight

City
Cedar Rapids
County
Linn
State
Iowa
Latitude
41.9526
Longitude
-91.7153
CBSA code
16300
CBSA name
CEDAR RAPIDS, IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$62,886
$797,500
$1,074,800
$1,872,300
-
$797,500
$1,074,800
$1,872,300

FAQs

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