Parcel Details: 14024-26011-00000
-
Parcel Number:
14024-26011-00000
-
Computer ID:
53924
-
DBA:
SEARS ROEBUCK CO.
-
Deed Holder:
SHOPS AT CEDAR RAPIDS LLC
-
Property Address:
4600 1ST AVE NE
CEDAR RAPIDS, IA 52402-0000
-
Mailing Address:
ATTN: JEFF STRONG & SEAN PORTER
4300 SIGMA RD STE 100
DALLAS, TX 75244-0000 USA -
Location:
Urban
-
Class:
COMMERCIAL
-
Map Area:
LG DISCOUNT/DEPT/ANCHOR STORE
-
Tax District:
20500 CR/LINN MAR SCH
-
Plat Map:
1720
-
Legal Description:
LINDALE 5TH LOT 2
- Property Report:
Current Value as of January 1, 2024 - Taxes payable September 2025 and March 2026
| Land Value | Dwelling Value | Improvement Value | Total Value |
|---|---|---|---|
| $2,087,500 | $0 | $463,300 | $2,550,800 |
Prior Year Value Information
| Year | Land Value | Dwelling Value | Improvement Value | Total Value |
|---|---|---|---|---|
| 2023 | $1,827,200 | $0 | $1,104,100 | $2,931,300 |
Land Information
Assessor's lot sizes are for assessment purposes only and may NOT represent actual dimensions. For more accurate, complete data refer to GIS maps, plat maps, or legal documents.
| Lot Type | Square Feet | Acres |
|---|---|---|
| Acres x Rate | 378,972 | 8.700 |
Commercial Building Information
| Occupancy | Year Built | Building Area | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Shopping Center - Anchor Store | 1960 | 129,170 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Addition: Metal Warehouse - Rigid Steel Frame | 1960 | 832 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Addition: Auto Repair | 1960 | 10,044 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Yard Extra Information
| Description | Item Count | Year Built |
|---|---|---|
| Paving - Asphalt | 1 | 1960 |
|
||
Sale Information
| Sale Date | Amount | Sales Condition Codes | Recording |
|---|---|---|---|
| 01/12/2024 | $3,400,000 | 35 - Vacant building | 11522/47262 |
|
|||
| 07/07/2015 | $0 | 7 - Corporate merger or reorganization | 9302/429 |
|
|||
Building Permit Information
| Date | Number | Comments | Reason |
|---|---|---|
| 03/04/2024 | BLDC-001275-2024 | REMODEL/ALTERATION |
| "INTEROR DEMOLITION OF 138,958 S.F. IN EXISTING COMMERCIAL BUILDING ""SEARS & ROEBUCK"" -- REMOVE INTERIOR WALLS-CEILINGS-TRADES ELECTRICAL MECHANICAL PLUMBING **FIRE SPRINKLER TO BE MODIFIED PLEASE CALL 286-5831 FOR FINAL INSPECTION **ADDITIONAL PERMIT(S) & STAMPED/SIGNED ENGINEERED PLANS ARE REQUIRED FOR ANY WORK NOT LISTED ON THIS PERMIT**" | ||
| 12/18/2018 | SIGN-007287-2018 | UNKNOWN |
| INSTALL A TEMPORARY 32 SQ. FT. BANNER SIGN ON THE SOUTH WALL ELEVATION. MESSAGE: 319-229-1003 | ||
| 12/18/2018 | SIGN-007286-2018 | UNKNOWN |
| INSTALL A TEMPORARY 32 SQ. FT. BANNER SIGN ON THE NORTH WALL ELEVATION. MESSAGE: 319-229-1003 | ||
| 12/18/2018 | SIGN-007285-2018 | UNKNOWN |
| INSTALL A TEMPORARY 32 SQ. FT. BANNER SIGN ON THE SOUTH WALL ELEVATION. MESSAGE: CUSHMAN & WAKEFIELD IOWA COMMERCIAL ADVISORS FOR LEASE | ||
| 12/18/2018 | SIGN-007284-2018 | UNKNOWN |
| INSTALL A TEMPORARY 32 SQ. FT. BANNER SIGN ON THE NORTH WALL ELEVATION. MESSAGE: CUSHMAN & WAKEFIELD IOWA COMMERCIAL ADVISORS FOR LEASE | ||
| 09/26/2018 | SIGN-004110-2018 | PERMANENT |
| INSTALL NEW GROUND SIGN SOUTH FRONTAGE 4' X 8' (32 S. F.) | ||
| 09/26/2018 | SIGN-004101-2018 | PERMANENT |
| INSTALL NEW GROUND SIGN NORTH FRONTAGE 4' X 8' (32 S. F.) | ||
| 09/26/2018 | SIGN-004104-2018 | PERMANENT |
| INSTALL NEW GROUND SIGN NORTH FRONTAGE 4' X 8' (32 S. F.) | ||
| 07/21/2010 | WREK001627CR | DEMOLITION |
| STRUCTURE MUST BE DEMOLISHED WITHIN 30 DAYS OF PERMIT ISSUE. KEY SHOP (ON SOUTH SIDE OF SEARS) - 7/22/2010 MJC | ||
| 05/31/2006 | 11796 | PLUMBING ONLY |
| 05/31/2006 | 41444 | REMODEL/ALTERATION |
| 03/17/2005 | GREENSLIP | WORK ORDER |
| 03/18/2003 | 21889 | ROOF |
| 11/01/2002 | MECH005760 | MISC |
| 10/28/2002 | PLBG004715 | PLUMBING ONLY |
| 07/31/2002 | 018272 | MISC |
Parcel Notes
| Title | Note |
|---|---|
| 0447BLDG 1-1S BRK/BLK. COMBINATION OF STL AND CONC BEAMS. AVG BAY SIZE 26' X 26'. INTERIOR REMODELED 1994, CONVERTED FROM "L" SHAPE TO "RACETRACK" SHAPE. SOME NEW CARPET AND TILE. NEW SIGNAGE. CONVERTED STORAGE SPACE TO 15,358 SF DEPT STORE SPACE 1999.
GOOD QUALITY INTERIOR. ADDN 1-1S STL FR MTL WHSE. ENCLOSED LOADING DOCK AREA. ADDN 2-1S STL FR BRK/BLK AUTO REPAIR. 6776 SF UNFIN. BSMT STORAGE. FREIGHT ELEVATOR.***BLDG 2-1S FR KEY SHOP. TILE, PANEL, PANEL. WALL FURNACE & WALL AC. LOWER QUALITY. AVG CONDITION.*IBR 3/17/03 CHANGE COND. OWNER OCCUPIED. RETAIL SF=104,014 (81%). STORAGE SF=25,156 (19%). CF = 2,325,060. LAND SF=522,284. BLDG SF=140,142. L TO B RATIO=3.73 01/01/04: REPLACED ENTIRE ROOF MEMBRANE - COMPLETE - NAV 09/17/03 SEL*** 1/1/05 DIV 4-RD. ADJ LAND. JMR *** 1-2007 INTERIOR REMODELING COMPLETE - NAV 12/04/06 SEL 2007 BOARD OF REVIEW PETITION #137 NO CHANGE 1-2010 REMOVED KEY SHOP (B2), APPLIED NEW STATE MANUAL AND ADJUSTED GRADES - COMPLETE - 1/10/11 SEL REVALUED AFTER IMPLEMENTATION OF 2008 PRICING MANUAL 3/15/2011 1-2011 BOARD OF REVIEW PETITION #0602 NO CHANGE. EMS 1-2011 WITHDRAWAL OF PAAB APPEAL DATED 6/6/12- DOCKET #11-101-0913 - BW 6/21/2012 1-2013 COMMERCIAL FUNCTIONAL/ECONOMIC OBSOLESCENCE QUESTIONNAIRE RETURNED 1-2013 COMM REVAL 06/22/2012 SP 1-2013 BOARD OF REVIEW MADE NO CHANGE PET #481 (SP 5/16/2013) 1-2013 PAAB APPEAL - DOCKET #13-101-0177 1-2014 PAAB DOCKET #13-101-0177 - ORDER APPROVING SETTLEMENT - DECREASE 2013 ASSESSMENT TO $5,000,000 - BW 11/19/2014 1-2017 COMM REVAL- REMOVE BOR 2017 BOARD OF REVIEW PETITION #0587 REDUCE TO $5,921,000 CHANGE CONDITION TO POOR. 5/30/17 JKB 2017 PAAB APPEAL DOCKET NUMBER 2017-101-00186C PAAB AFFIRMS SETTLEMENT VALUE $5,223,800 10/20/17 DC 2019 BOARD OF REVIEW PETITION #0180 REDUCE FROM $5,223,800 TO $4,534,200. 5/20/19 JKB 1-2021 NAV FOR COMMERCIAL LAND REVALUATION SEL 1-2021 BOARD OF REVIEW PETITION #0447 REDUCE FROM $4,534,200 TO $3,819,400. APPLIED 20% VACANCY OBSO TO THE BUILDING AND ALL ADDITIONS. 5/18/2021 AS 1-2023 COMBINED MAP AREA W/ LG DISCOUNT. 2/27/2023 AS 1-2023 BOARD OF REVIEW PETITION #1776 REDUCE FROM $3,902,500 TO $3,592,900. 5/16/2023 BOARD ADJUSTED VACANCY FROM -20% TO -40% FOR MARKET/EQUITY. 1-2024 NEW PARCEL FROM PARENT PARCEL 14024-26001-00000 LINDALE 5TH ADDITION - 1/22/24 SAM 1-2024 REVALUED LAND & PAVING AFTER SPILT. 1/25/2024 AS 1-2024 BOARD OF REVIEW PETITION #0094 REDUCE FROM $3,110,700 TO $2,550,800. 5/9/2024 |
Tax Information
| Assessment Year | Taxes Payable | Assessed Value | Taxable Value | Gross Tax | Net Tax |
|---|---|---|---|---|---|
| 2023 | 2024-2025 | $2,931,300.00 | $2,584,743.00 | $109,280.00 | $109,280.00 |
Sketch
-
Sketch for PIN 14024-26011-00000
-
Sketch for PIN 14024-26011-00000
