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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
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42nd Street NE Cedar Rapids IA - I-380 & 42nd Street NE
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