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Land lease opportunity for 1.65 Acres of 4.46 Acre site. $135,000/year NNN with 2.5% annual escalations. Shovel-ready commercial building site strategically located at the intersection of I-380 and Wright Brothers Blvd SW. Well suited for C-store, quick-serve restaurant or retail/sales and service operation. High traffic and high visibility with Average Daily Traffic in excess of 25,000 vehicles at this corner. This intersection is so hot the DOT and the City of Cedar Rapids are working together on a newly engineered traffic design system that will include multiple improvements, such as a new on-ramp to I-380 and expansion of the roadway with additional lanes. A member of the ownership entity is a licensed REALTOR in the state of Iowa.
| DAYS ON MARKET | 704 | LAST UPDATED | 3/4/2025 |
|---|---|---|---|
| TRACT | 0 | YEAR BUILT | 0 |
| COMMUNITY | OutOfArea | COUNTY | Linn |
| STATUS | Active | PROPERTY TYPE(S) | Lot/Land/Acreage |
| PRICE HISTORY | |
| Prior to Mar 4, '25 | $150,000 |
|---|---|
| Mar 4, '25 - Today | $135,000 |
| ADDITIONAL DETAILS | |
| AREA | OutOfArea |
|---|---|
| HOA DUES | Annually |
| LOT | 1.65 acre(s) |
| LOT DESCRIPTION | Level |
| LOT DIMENSIONS | 0 |
| SUBDIVISION | 0 |
| TAXES | 25762 |
| UTILITIES | Electricity Available, Natural Gas Available, Sewer Available |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by Adam Gibbs, GLD Commercial Real Estate Advisors
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