Log In/Sign Up
Your email has been sent.
42nd Street NE Cedar Rapids IA - I-380 & 42nd Street NE 1.03 Acres of Commercial Land Offered at $998,000 in Cedar Rapids, IA 52402
Investment Highlights
- High impact location off I-380 with over 65,000 cars per day
- Closed to Kennedy High School and Pierce Middle School
- Perfect for retail redevelopment for a quick service restaurant or small retail strip
Executive Summary
High impact location. This 1+ acre lot offers high visibility and strategic positioning immediately off I-380 at 42nd Street and close to Kennedy High School. The site is ideally situated between two signalized inter-sections, ensuring seamless access and exceptional exposure to high-traffic Interstate corridors. Perfectly suited for retail redevelopment, particularly quick-service restaurants or small retail strip. Configuration would work well for a drive-through layout with ample space for park-ing. Adjacent to nature trail with direct trailhead access to lure good volume biker traffic. Large pylon signage.
Taxes & Operating Expenses (Actual - 2024) |
Annual | Annual Per AC |
|---|---|---|
| Taxes |
$8,124
|
$7,887.38
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$8,124
|
$7,887.38
|
Taxes & Operating Expenses (Actual - 2024)
| Taxes | |
|---|---|
| Annual | $8,124 |
| Annual Per AC | $7,887.38 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Total Expenses | |
|---|---|
| Annual | $8,124 |
| Annual Per AC | $7,887.38 |
Property Facts
1 Lot Available
Lot
| Price | $998,000 | Lot Size | 1.03 AC |
| Price Per AC | $968,932.04 |
| Price | $998,000 |
| Price Per AC | $968,932.04 |
| Lot Size | 1.03 AC |
Bike Score®
Very Bikeable (70)
Property Taxes
| Parcel Number | 14091-27002-00000 | Total Assessment | $288,900 (2025) |
| Land Assessment | $159,200 (2025) | Annual Taxes | $8,124 |
| Improvements Assessment | $129,700 (2025) | Tax Year | 2024 Payable 2025 |
Property Taxes
Parcel Number
14091-27002-00000
Land Assessment
$159,200 (2025)
Improvements Assessment
$129,700 (2025)
Total Assessment
$288,900 (2025)
Annual Taxes
$8,124
Tax Year
2024 Payable 2025
1 of 2
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
42nd Street NE Cedar Rapids IA - I-380 & 42nd Street NE
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.