Upcoming Auction

Linn County, IA
56.40 Acres M/L

Multiple Addresses
Cedar Rapids, IA 52405

Price	Click to Bid Online
Listing	#18564

Land Agent

Travis Smock

Mobile: 319.361.8089
Travis.Smock@PeoplesCompany.com

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Land Agent

Matt Adams

Office: 515.222.1347
Mobile: 515.423.9235
Matt@PeoplesCompany.com

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Info
Map
Photos
Tracts
Terms

Property Info

Description

Peoples Company is offering eight individual tracts owned by the Iowa Department of Transportation through an ONLINE ONLY auction where all bidding must be done online or through Peoples Company’s bidding app. Bidding will be LIVE until Wednesday, October 15th, 2025, at 4:00 PM Central Time Zone (CDT). Closing is to take place on or before Wednesday, November 19th, 2025. The tracts include various types of land located in Linn County near Cedar Rapids. All tracts are situated along the Interstate 380 and Highway 100 corridors and offer a wide variety of future development potential.

Legal Description

Full legal description will be taken from the State Land Patent provided by the State of Iowa.

Directions

All tracts are located in the Interstate 380 and Highway 100 corridors near Cedar Rapids, Iowa.

Sign On Property: Yes
MLS Number: 725808
Parcel Number: Multiple Locations
School District: Cedar Rapids Schools
General Area: Linn County

Interactive Map

Use the Interactive Map to explore the property's regional location. Zoom in and out to see the property's surroundings and toggle various mapping layers on and off in the Map Layer Menu.

Tracts

Tract 1 - Tower Terrace Road, Cedar Rapids, IA 52411

Tract Photos

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Description

Iowa DOT Tract 1 - Offering 13.62 acres m/l of land located within the city limits of Cedar Rapids, Iowa! This parcel is located along Interstate 380 and Tower Terrace Road. There are an estimated 12.91 acres m/l of land that could be tillable, carrying a CSR2 of 75.4. This tract is currently zoned Ag with the Cedar Rapids comprehensive plan showing a Medium Intensity future use. This parcel is located in a very high traffic area with 31,800 cars passing by on Interstate 380 and 3,540 cars traveling daily on Tower Terrace Road, according to recent Iowa DOT traffic studies. There is no current or allowed access to this tract. Interested parties should contact Cedar Rapids city officials for more information on permitted uses.

Legal Description

Long legal description on file. *Full legal description will be taken from the State Land Patent provided by the State of Iowa.

Details

Acres: 13.62 Acres M/L
CSR2: 75.4

Directions

From Interstate 380 Exit 26 (Tower Terrace Road): The tract is located on the northeast corner of the interchange with frontage along Tower Terrace Road and the northbound onramp.

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Tract 2 - Tower Terrace Road, Cedar Rapids, IA 52411

Tract Photos

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Description

Iowa DOT Tract 2 - Offering 10.33 acres m/l of land located within the city limits of Cedar Rapids, Iowa! This parcel is located along Tower Terrace Road, just west of Interstate 380. This tract is currently zoned Ag with the Cedar Rapids comprehensive plan showing a Medium Intensity future use. The property directly to the west is zoned Suburban Mixed Use Community Center. According to a 2022 Iowa DOT traffic study, 3,540 cars pass by daily on Tower Terrace Road. There is no current or allowed access to this tract. Interested parties should contact Cedar Rapids city officials for more information on permitted uses.

Legal Description

Long legal description on file. *Full legal description will be taken from the State Land Patent provided by the State of Iowa.

Details

Acres: 10.33 Acres M/L
Parcel Number: 11-30-4-26-001-0-0000

Directions

From Interstate 380 Exit 26 (Tower Terrace Road): Travel west on Tower Terrace Road for approximately 300 feet, and the property will be located on the south side of the road.

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Tract 3 - Ushers Ferry Road Northeast, Cedar Rapids, IA 52411

Tract Photos

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Description

Iowa DOT Tract 3 - Offering 0.65 acres m/l of land located in Cedar Rapids, Iowa! This parcel is located along Ushers Ferry Road Northeast and Oak Creek Drive Northeast. It is currently zoned residential and has an average of 1,720 cars passing by daily according to a 2021 Iowa DOT traffic study. The southern 0.44 acres is located within the city limits of Cedar Rapids, and the northern 0.21 acres is located in Linn County. Interested parties should contact Cedar Rapids city officials and Linn County Planning and Development for more information on permitted uses.

Legal Description

Long legal description on file. *Full legal description will be taken from the State Land Patent provided by the State of Iowa.

Details

Acres: 0.65 Acres M/L

Directions

From Xavier High School: Head east on 42nd Street Northeast for 0.2 miles to Ushers Ferry Road NE. Turn north onto Ushers Ferry Road NE and travel for 0.6 miles to Oak Creek Drive NE. The parcel will be on the north side of this T intersection.

Downloads

Tract 4 - Highway 100, Palo, IA 52324

Tract Photos

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Description

Iowa DOT Tract 4 - Offering 3.174 surveyed acres of land located along Highway 100. This is partially timber-covered and was previously farmed. This parcel is currently zoned Ag with the comprehensive plan for Cedar Rapids showing the area as Urban Medium Intensity zoning. The adjacent Highway is well-traveled with 11,800 cars passing by daily, according to a 2024 Iowa DOT traffic study. There is no legal access to this parcel from Highway 100.

Legal Description

Long legal description on file. *Full legal description will be taken from the State Land Patent provided by the State of Iowa.

Details

Acres: 3.17 Acres M/L
CSR2: 71.8

Directions

From Highway 100 Exit 3 (Covington Road): Head north on Highway 100 for 1.25 miles. The parcel will be on the north side of the road.

Downloads

Tract 5 - Highway 100, Cedar Rapids, IA 52405

Tract Photos

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Description

Iowa DOT Tract 5 - Offering 14.25 acres m/l of land located within the city limits of Cedar Rapids, Iowa! This tract is located along Highway 100 and consists of approximately 11.77 acres that were previously tillable, carrying an average CSR2 of 77.2, and a timber draw. The east side of Highway 100 is 13.28 acres lying along the Morgan Creek Trail, with approximately 11.14 acres in fallow and a timber draw. The west side of Highway 100 consists of 0.97 acres m/l with approximately 0.63 acres currently being farmed and carrying an average CSR2 of 78. This tract is presently zoned ag with the Cedar Rapids future zoning maps showing the area designated as green space. According to a 2024 Iowa DOT traffic count, an average of 6,400 vehicles pass by this site daily. There is no legal access to this site from Highway 100 or Morgan Creek Trail. Interested parties should contact Cedar Rapids city officials for more information on permitted uses.

Legal Description

Long legal description on file. *Full legal description will be taken from the State Land Patent provided by the State of Iowa.

Details

Acres: 14.25 Acres M/L
CSR2: 78

Directions

From Highway 100 Exit 3 (Covington Road): Head south on Highway 100 for 0.5 mile. Tract 5 will be on both sides of the road.

Downloads

Tract 6 - Highway 100/80th Street Northwest, Cedar Rapids, IA 52405

Tract Photos

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Description

Iowa DOT Tract 6 - Offering 8.94 surveyed acres m/l of land located just outside the city limits of Cedar Rapids, Iowa! This parcel is located between Highway 100 and 80th Street Northwest. Previously, there were approximately 6.47 acres of tillable land, carrying a CSR2 score of 87.7 on this tract, creating an opportunity for hay crop production. Electricity is located along 80th Street NW, and a MidAmerican transmission line is located along the southern boundary, creating potential for building or a small solar project in the future. A main water transmission line is located along the road, however, it is not currently accessible. This tract has access along 80th Street NW, providing potential for immediate farming and future building sites. According to 2024 Iowa DOT traffic counts, 36,400 vehicles pass by this site on Highway 100 daily, providing an excellent signage opportunity. The Cedar Rapids city limits are located along 80th Street NW, and the site is currently zoned Ag with the area slated as Urban Medium Intensity in the City of Cedar Rapids' future plans.

Legal Description

Long legal description on file. *Full legal description will be taken from the State Land Patent provided by the State of Iowa.

Details

Acres: 8.94 Acres M/L
CSR2: 87.7

Directions

From Highway 100 Exit 1 (E Avenue NW): Travel east on E Avenue NW to the first intersection of 80th Street NW. Head north on 80th Street NW for 0.5 mile, and the property will be on the west side of the road.

Downloads

Tract 7 - E Avenue Northwest, Cedar Rapids, IA 52405

Tract Photos

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Description

Iowa DOT Tract 7 - Offering 1.79 acres m/l of land located just outside the city limits of Cedar Rapids, Iowa! This parcel is located just off Highway 100 and E Avenue Northwest. It consists of 1.28 acres m/l of previously tillable land, carrying a CSR2 score of 76.9. Access from Berger Land would be permitted by Linn County, however, the buyer will be responsible for the permitting process and installing a drive. This tract is located in Section 21 of Clinton Township, Linn County, Iowa.

Legal Description

Long legal description on file. *Full legal description will be taken from the State Land Patent provided by the State of Iowa.

Details

Acres: 1.79 Acres M/L
CSR2: 76.9

Directions

From Highway 100 Exit 1 (E Avenue NW): Travel west on E Avenue NW to the first intersection of Berger Land. Head north on Berger Lane for 0.1 mile, and the property will be on the east side of the road.

Downloads

Tract 8 - 80th Street Northwest, Cedar Rapids, IA 52405

Tract Photos

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Description

Iowa DOT Tract 8 - Offering 2.74 acres m/l of land located within the city limits of Cedar Rapids, Iowa! This parcel is located just off Highway 100, on the west side of the intersection of E Avenue Northwest and 80th Street Northwest. It consists of 2.54 acres m/l of potentially tillable land, carrying a CSR2 score of 95.1. There is current access along 80th Street Lane. The land is zoned Suburban Mixed Use Community, offering a wide range of future residential or commercial opportunities. Power is located along both roadways, and a main water transmission line is located along 80th Street NW; however, it is not currently accessible. Interested parties should contact Cedar Rapids city officials for more information on permitted uses. This tract is located in a well-traveled area with 4,050 cars passing by on E Avenue NW and 1,770 cars passing along 80th Street NW daily, according to 2021 Iowa DOT traffic studies.

Legal Description

Long legal description on file. *Full legal description will be taken from the State Land Patent provided by the State of Iowa.

Details

Acres: 2.73 Acres M/L
CSR2: 95.2

Directions

From Highway 100 Exit 1 (E Avenue NW): Travel east on E Avenue NW to the first intersection of 80th Street NW. Tract 8 is located at the southwest corner of this intersection with frontage along 80th Street NW and 80th Street Lane.

Downloads

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Auction Details & Terms

Auction Terms & Conditions:

Bidding ends Wednesday, October 15, 2025 at 4:00 PM Central.

Peoples Company is handling the sale of eight properties owned by The Iowa Department of Transportation through their Online Auction Service. Properties are located in Linn County. Properties included in the auction consist of various types of land.

A bid placed within 3 minutes of the scheduled close of the auction will extend bidding by 3 minutes until all bidding is completed. If you plan to bid, please register 24 hours prior to the close of the auction. Under no circumstances shall Bidder have any kind of claim against Peoples Company or its affiliates if the Internet service fails to work correctly before or during the auction.

ALL BIDS ARE TOTAL PRICE AND NOT PER ACRE.

Purchase Agreement and Earnest Money:
The Winning Bidder will receive an “Offer to Buy” document from the Iowa DOT shortly after the conclusion of the auction and will serve as the purchase agreement for the tract being purchased. A 10% earnest money payment is required upon conclusion of the auction and must be received by Peoples Company within two (2) business days from the day of the auction. Earnest money will need to be received prior to Seller receiving possession of the property (Possession given by signing the Mutual Benefit Lease). The balance of the purchase price will be due on or before the closing date of Wednesday, November 19th, 2025.

Closing and Possession:
Possession will be granted through a “Mutual Benefit Lease” to be signed upon conclusion of the auction by the Winning Bidder for each tract and the Seller. Once the Mutual Benefit Lease is signed and earnest money is deposited, possession of the property will be granted to the Winning Bidder. This lease will terminate once the State Land Patent is received by the Winning Bidder. Balance of purchase price is due and payable on or before the closing date of Wednesday, November 19th, 2025. If the balance is not paid on or before closing, the Buyer risks forfeiting the 10% earnest money and cancellation of the Mutual Benefit Lease.

Farm & Building Leases:
All leases have been terminated on these properties and possession will be given once the Mutual Benefit Lease is signed by Winning Bidder and Seller.

Surveys:
All tracts of land have been surveyed and the survey is available in the attachments on the listing website.

Title Information:
Title will be granted when the State of Iowa issues a Land Patent Deed approximately 60 - 90 days after the conclusion of the auction. Buyer will not receive an abstract of title. Should a Buyer want an abstract of title and / or a title search completed, it shall be at their sole discretion, responsibility, and expense. Once all monies are received, Buyer should allow for 60 - 90 days for issuance of the State Land Patent.

Access to the Property:
Neither the Seller nor Peoples Company guarantee access to the properties. Winning bidder will be responsible for acquiring access to the properties at their sole expense. Call Agent(s) for details with access questions. Please do not assume access to any property.