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Lot 5 Tower Terrace RdHiawatha, IA 52233

Farm/Ranch · 1.45 Acres
$378,972 Active

Lot 5 Tower Terrace Rd Overview

Time on Site:
147 days
Visits:
5

1.45 +/- acres. Flexibility meets opportunity. Sherman Square offers multiple development-ready commercial lots in Hiawatha, conveniently located near N Center Point Road and Tower Terrace Road. Just 0.5 miles from the I-380/Tower Terrace interchange, this site features no restrictive covenants, allowing developments to be tailored to current business needs and future expansion, while aligning with developer goals and City standards. Utilities include city sewer and water, natural gas, Linn County REC electric service, and high-speed internet via ImOn. Zoned C-4. Each lot must include on-site stormwater detention via individual detention basins. No access from Tower Terrace, access at 150 south of Tower Terrace on Anchor Drive.

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Lot 5 Tower Terrace Rd Facts & Features

  • Type Farm/Ranch
  • Lot 1.45 Acres

Details

General

Association/HOA

  • Association: false

Location/Region

  • County Or Parish: Linn
  • MLS Area Major: Hiawatha/Robins
  • Postal City: Hiawatha

Tax Information

  • Tax Annual Amount: 400.0

General Information

  • Listing Terms: Cash,Conventional
  • Parcel Number: 1129427004 - New Parcel
  • Property Sub Type: Commercial
  • Property Type: Farm

Interior

Beds/Baths

  • Bathrooms Total: 0

Exterior

Lot Information

  • Lot Features: Level
  • Lot Size Acres: 1.45
  • Lot Size Area: 1.45
  • Lot Size Dimensions: 282x319
  • Lot Size Units: Acres
  • Road Surface Type: Paved
  • Water Source: Public,See Remarks

General Information

  • Sewer: Public Sewer
  • Utilities: Electricity Available,Natural Gas Available

Lot 5 Tower Terrace Rd Neighborhood

Community

52233 (HIAWATHA) Demographics

33
Median Age
2,008
Population Density (per sq. mile)
36%
College Educated
$48,202
Estimated Median Income
1,773
Estimated Total Home Owners
1,091
Estimated Total Renters
62% / 38%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

Lot 5 Tower Terrace Rd Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Lot 5 Tower Terrace Rd Market Data

Based on the last 30 days in this zip code

$410,000
Average List Price
$182
Average Price per Square Foot
14
Properties Sold
94
Average Days on Market
73
Properties for Sale
Calculations provided by Reliance Network

Lot 5 Tower Terrace Rd History

Date Event Value Agent
2/2/2026Source: Cedar Rapids Area MLS Added to Database
February 02, 2026
Listing provided courtesy of Realty87- MLS# 2600761MLS Provider