Cedar Rapids selling excess land for Kum & Go store

Bringing in funds by selling excess city property has been on the City Hall agenda since 2007, when the City Council entertained and then dropped an idea to sell a 20-acre piece of the Twin Pines Golf Course to bring in some cash.

In truth, there's not been that much easily marketable, excess property.

But at its meeting late Tuesday afternoon, the City Council's routine business includes the sale of 1.67 acres of land, at the northeast corner of the busy intersection of Williams Boulevard and 16th Avenue, for $750,000.

Kum & Go LLC, the convenience store chain headquartered in West Des Moines, submitted the winning of two bids for the property at 2604 16th Ave. SW, which once held an Iowa Department of Transportation driver's license station.

A second firm, Creative Equity LC of Cedar Rapids, submitted a bid of $123, 456 for the property.

The city's appraisal of the property put its value at $510,000.

City Hall had an earlier victory in January when it sold a 5.4-acre parcel of woods with access problems north of Mount Vernon Road SE for $80,101. The city valued the property at $60,000.

A year ago, the city also succeeded in selling two residential lots in the 2100 block of 20th Street NW that back up to the Ellis Golf Course. Each lot brought in $25,000, though the city initially had put the lots on the market for $72,500 in 2009.