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Property Detail

Edgewood Road Southwest
Marcus & Millichap is pleased to offer for sale the fee simple interest in 2435 Edgewood Road South.
$250,000

Description

Marcus & Millichap is pleased to offer for sale the fee simple interest in 2435 Edgewood Road South West, a 12-screen, 46,181-square-foot movie theater in Cedar Rapids, Iowa. The building was originally constructed in 1998 for Carmike Cinema and was operated by AMC Theatres from 2016 to 2020. The 7.11-acre parcel includes approximately 297 parking spaces. The property is accessible from Edgewood Road, both from the north and south, and from 33rd Street SW, Westdale Drive SW, and 29th Avenue SW.

The property sits on the east side of the 19,400 vehicle-per-day Edgewood Road SW in the Westdale Town Center shopping area, anchored by JCPenney, Ross Stores, Burlington, and PetSmart. Culver’s, IHOP, and Texas Roadhouse are immediately adjacent to the property, and UnityPoint and Mercy, the area’s top medical providers, operate urgent care centers within three blocks of the property. Westdale Town Center is 0.25 miles south of 11,400 vehicles per day on US Highway 151-BUS and 0.5 miles north of 31,500 vehicles per day on US Highway 30. Other major retailers in the area include a Walmart Supercenter, Target, Menards, Harbor Freight Tools, and Theisen’s Home Farm Auto.

In eastern Iowa, Cedar Rapids is the seat of Linn County and the second-most populous city in the state, with 136,429 people. It’s the largest corn-processing city on the planet, with ADM, Cargill, General Mills and Ingredion plants. Cedar Rapids has nearly 300 manufacturing plants, and Linn County had 18,605 manufacturing jobs in 2023. Over 20 Fortune 500 companies have a presence in the metro area. At the junctions of Interstate 380 and US Highways 30 and 151 and with five railroads, Cedar Rapids is a logistics hub, and 16,000 locals are employed in transportation. Offering five airlines and 19 nonstop destinations, Eastern Iowa Airport handles over 1 million passengers and 20,000 tons of cargo each year. Cedar Rapids was ranked among the Top 100 Best Places to Live in the US by Livability.com in 2024. The city is home to the Cedar Rapids Kernels minor league baseball team and the world’s most extensive collection of works by American Gothic painter Grant Wood.

Property tours are available by appointment only. Please contact the broker to schedule.

Institutional Sale

Listing ID : 00532

SKU: 532

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Price History

DateEventPrice
December 2 2024Listed$250,000.00