NOT LISTED FOR SALE

320 1st St SE Cedar Rapids, IA 52401

Downtown Cedar Rapids Neighborhood

Estimated Value: $1,562,988

0.39 Acre
$4,007,662 Price per Acre
16,988 Sq Ft Lot

Last Sold August 09, 2024

Last sale price $1,025,000

Est. 52% increase in value since last sale

Current estimated payment $8,874/month

293 Days on Market

Highlights

  • 0.39 Acre Lot
  • Property is near shops
  • 4-minute walk to Plaza Park
  • Commercial or Retail Space
  • Level Lot

About This Lot

As of August 2024

This home is located at 320 1st St SE, Cedar Rapids, IA 52401 since 01 September 2023 and is currently estimated at $1,562,988. This property was built in 1971. 320 1st St SE is a home located in Linn County with nearby schools including Grant Wood Elementary School, McKinley STEAM Academy, and George Washington High School.

Last Agent to Sell the Property

Adam Gibbs

GLD Commercial Real Estate Advisors Listed on: 09/01/2023

Last Buyer's Agent

Nonmember NONMEMBER

NONMEMBER

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,702

Year Built

  • 1971

Lot Details

  • 0.39 Acre Lot
  • Property fronts a county road
  • Level Lot
  • Property is zoned Urban Downtown Core

Home Design

  • Commercial or Retail Space

Location

  • Property is near shops
  • Property is near a bus stop

Utilities

  • Internet Available
  • Phone Available

Listing and Financial Details

  • Assessor Parcel Number 14281-31005-00000;14281-31006-

Property Details

Property Type

Land

Est. Annual Taxes

$1,702

Year Built

1971

Lot Details

0

Listing Details

  • Property Type: LOTS/LAND
  • Type: Commercial
  • Photo Code: Complete
  • Photo Code1: Broker Loaded
  • Remarks: Prominent, high-profile corner lot on 1st Street SE in Downtown Cedar Rapids in the shadow of the Paramount Theatre. This lot is located in an opportunity zone and could be eligible for a city TIF incentive for the right project. Adjacent to this site are vacant lots owned by the City of Cedar Rapids that could also be available for purchase. Together, the City of Cedar Rapids lots and the listed lots total approximately 1 acre in size and would be a terrific fit for a larger, mixed-use development. Potential uses could include hotel, office, restaurant, multi-family or condo project with on-site parking or parking ramp element.
  • Tax Year Report: 2020
  • Potential Use: Commercial/Industrial, Office/Institutional
  • Directions: Located on the corner of 1st Street and 4th Ave SE in downtown Cedar Rapids
  • L O1 Dues Paid: y
  • Special Features: None
  • Property Sub Type: LotsLands
  • Year Built (Public Record): 1971

Exterior Features

  • Road Frontage: County/City Road, Pavement

Utilities

  • Internet: Yes
  • Utilities Available: Electricity, Natural Gas, Sewer, Telephone, Water-City

Condo/Co-op/Association

  • Amenities: Sidewalks, Street Lights, Close to Shopping, On Bus Line

Lot Info

  • Acreage: 0.39
  • Geo Subdivision: IA
  • Zoning: Urban Downtown Core
  • Estimated Lot Sq Ft: Less Than .5 Acre
  • Improvements: Curb & Gutter, Sidewalk
  • Present Use: Platted
  • Topology: Level

Tax Info

  • Gross Tax County City: 21532
  • Assessor Parcel Number: 14281-31005-00000;14281-31006-

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 4, 2018
Sold by
Risk Alice M
Bought by
Aspen Ventures Llc
Total Days on Market
293
Current Estimated Value
$1,562,988

Purchase Details

Closed on
Dec 11, 2008
Sold by
Neumeyer Gregory W and Bowman Donald M
Bought by
Risk Alice M

Purchase Details

Closed on
Feb 1, 1999
Sold by
Bowman Donald M and Bowman Lorena J
Bought by
Risk Dr Winthrop S and Risk Alice M
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Aspen Ventures Llc $1,000,000 None Available
Risk Alice M $384,500 None Available
Risk Dr Winthrop S $385,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/09/2024 08/09/24 Sold $1,025,000 0.0% --
08/09/2024 08/09/24 Sold $1,025,000 -47.4% --
03/21/2024 03/21/24 Off Market $1,950,000 -- --
02/16/2024 02/16/24 Price Changed $1,950,000 0.0% --
02/16/2024 02/16/24 Price Changed $1,950,000 -22.0% --
09/07/2023 09/07/23 For Sale $2,500,000 0.0% --
09/01/2023 09/01/23 For Sale $2,500,000 +143.9% --
08/16/2023 08/16/23 Off Market $1,025,000 -- --
08/16/2022 08/16/22 For Sale $2,500,000 -- --
Source: Iowa City Area Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2023 $1,702 $252,000 $252,000 $0
2022 $2,862 $50,400 $50,400 $0
2021 $19,346 $126,200 $50,400 $75,800
2020 $19,346 $859,800 $252,000 $607,800
2019 $18,684 $555,900 $252,000 $303,900
2018 $16,870 $555,900 $252,000 $303,900
2017 $11,931 $323,600 $84,000 $239,600
2016 $11,931 $323,600 $84,000 $239,600
2015 $12,235 $332,148 $84,000 $248,148
2014 $9,656 $332,148 $84,000 $248,148
2013 $11,954 $332,148 $84,000 $248,148
Source: Public Records

Agents Affiliated with this Home

  • Adam Gibbs

    Seller's Agent in 2024

    Adam Gibbs

    GLD Commercial Real Estate Advisors

    (319) 731-3415

    13 in this area

    240 Total Sales

    Adam Gibbs
    Section Image

  • N

    Buyer's Agent in 2024

    Nonmember NONMEMBER

    NONMEMBER

  • D

    Buyer's Agent in 2024

    Donald Fieldhouse

    Cedar Rapids Area Association of REALTORS

    (239) 774-6598

    7 in this area

    4,849 Total Sales

    Donald Fieldhouse
    Section Image
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Map

Source: Iowa City Area Association of REALTORS®

MLS Number: 202304766

Iowa City Area Association of REALTORS®

APN: 14281-31005-00000

Iowa Linn County Cedar Rapids 52401 Downtown Cedar Rapids

320 1st St SE, Cedar Rapids, IA

This home is located at 320 1st St SE, Cedar Rapids, IA 52401 since 01 September 2023 and is currently estimated at $1,562,988. This property was built in 1971. 320 1st St SE is a home located in Linn County with nearby schools including Grant Wood Elementary School, McKinley STEAM Academy, and George Washington High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Iowa City Area Association of REALTORS® IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Listing information is deemed reliable, but not guaranteed accurate by the MLS.

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