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8905 6th Street SW Cedar Rapids, IA 52404 Land - Commercial Active

  • 8905 6th Street Sw, Cedar Rapids, IA 52404 Main Photo

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Description

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.

Property Highlights

Property Type: Land - Commercial
Total Acres: 1.65 Acres
Zoning: Suburban MU Reg Ctr

General Information

County: Linn
Listed By:
GLD Commercial Real Estate Advisors Adam Gibbs 319-731-3410
ICAAR MLS
$135,000
Est. $997/mo
Active
LOT SIZE 1.650 acres MLS#202306438
STATUSActive PROPERTY TYPELand - Commercial

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Ruhl&Ruhl Realtors
563.441.1776

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8905 6th Street Sw, Cedar Rapids, IA 52404.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $135,000$135,000$135,000
Down Payment $27,000$4,725$33,750
Monthly Mortgage Amount $709$860$861
Taxes $188$188$188
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$59$0
Monthly Estimated Total $997$1,207$1,149

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