Business

College Community buying 155 acres near Prairie High

Purchase will help maintain district's central campus in southwest Cedar Rapids

This aerial photo shows the 155 acres being bought by the College Community School District in southwest Cedar Rapids. The land is north of 76th Avenue SW, directly across from Prairie High School. The district, one of the fastest growing in Iowa, is buying the land for future expansion of the campus. (GLD Commercial)
This aerial photo shows the 155 acres being bought by the College Community School District in southwest Cedar Rapids. The land is north of 76th Avenue SW, directly across from Prairie High School. The district, one of the fastest growing in Iowa, is buying the land for future expansion of the campus. (GLD Commercial)
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CEDAR RAPIDS — The College Community School District expects to take possession of a sizable tract of land across from Prairie High School in February 2020.

The district will use funds from the Secure an Advanced Vision for Education, or SAVE, penny sales tax to acquire 155.28 acres.

The land is east of Interstate 380 and north of 76th Avenue SW, across from College Community’ Prairie High School.

College Community’s purchase price will be $4.6 million, or $29,650 an acre, spokesman Steve Doser told The Gazette Wednesday.

District officials have not yet decided how they will use the property but said the purchase will help them maintain a central campus for programming — a “priority” for the district and a “point of pride” for the community.

“Since the property entered the market this summer, we have received numerous inquiries from patrons curious about our interest and supportive of this purchase,” Superintendent Doug Wheeler said in a news release.

“This purchase helps to ensure the continuation of a central campus for College Community for generations to come,” he said. “We are excited for the opportunities this land will bring our students in the future and are thankful to the Divishek family in negotiating with the district on this property.”

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The district in southwest Cedar Rapids has around 6,000 students and is one of the fastest growing districts in the state, pulling in students from southwest Cedar Rapids, Ely, Fairfax, Shueyville, Swisher and Walford and the surrounding rural areas.

The land purchase, approved by the school board in October, will increase the district’s land portfolio by 30 percent, from 520 acres to 675 acres.

Dave Drown and Erica Seelman brokered the transaction on behalf of GLD Commercial, which listed the property for sale at $7.3 million.

The four land parcels composing the tract have an assessed taxable value of $453,300, property records show.

The land is zoned as suburban residential large lot and is listed for possible urban low-intensity uses on Cedar Rapids’ future land use map.

Comments: (319) 398-8366; thomas.friestad@thegazette.com

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