Fully Leased and recently remodeled retail investment opportunity near Super Target! Multi-tenant retail property located along Blairs Ferry Rd NE - nearly 23,000 vehicles per day. The property was extensively renovated in 2021/2022, including a new roof, new façade and all new HVAC. Tenants include: Dunn Brothers Coffee, The Good Feet Store, and Mextizo; all leases are personally guaranteed by principals of the tenant entities. 128 parking spaces included. 7.5% CAP rate. Current NOI: $175,972; subject to annual rental increases per the leases. Contact listing agent for additional details. Member of the ownership entity is a licensed REALTOR in the state of Iowa.
Big Ben Additions is a mixed use development located in southwest Cedar Rapids in the College Community and Kirkwood Community College educational district. High student enrollment at these two campuses has produced a large growth in housing development on the southwest side and surrounding communities. Nearly 5,800 students are enrolled in College Community Schools and approximately 13,906 students attend Kirkwood Community College. A portion of Big Ben Additions has been purchased and reserved for multi-family housing to help fill housing gaps in the area. Construction on several hundred new residential homes will begin this year. Big Ben offers lots for most commercial uses with sizes varying from 0.99 to 2.74 acres including build-to-suit options, ability to combine lots, and long term ground leases. Big Ben Addition is just miles on the direct route to and from the Eastern Iowa Airport, I-380, and Highway 30. Traffic counts on I-380 in this area exceed 58,000. Member of ownership is licensed to sell real estate in Iowa.
Land lease opportunity for 1.65 Acres of 4.46 Acre site. $135,000/year NNN with 2.5% annual escalations. Shovel-ready commercial building site strategically located at the intersection of I-380 and Wright Brothers Blvd SW. Well suited for C-store, quick-serve restaurant or retail/sales and service operation. High traffic and high visibility with Average Daily Traffic in excess of 25,000 vehicles at this corner. This intersection is so hot the DOT and the City of Cedar Rapids are working together on a newly engineered traffic design system that will include multiple improvements, such as a new on-ramp to I-380 and expansion of the roadway with additional lanes. A member of the ownership entity is a licensed REALTOR in the state of Iowa.
Walkout Lot’s on a quite no outlet street. Close to shopping, restaurants and Westdale Mall and a medical center. Located in College Community School District and less than a mile from Hwy 30/151 and I 380. Nice easy maintenance size lots. Broker is related to seller and has interest in property.
Walkout Lot’s on a quite no outlet street. Close to shopping, restaurants and Westdale Mall and a medical center. Located in College Community School District and less than a mile from Hwy 30/151 and I 380. Nice easy maintenance size lots. Broker is related to seller and has interest in property.
Day Light Garden view lot Close to shopping, restaurants and Westdale Mall and a medical center. Located in College Community School District and less than a mile from Hwy 30/151 and I 380. Nice easy maintenance size Lots. Broker is related to Seller and has interest in the property
Pad ready site for industrial development with immediate access to I-380 off Innovation Drive. All entitlement work is complete including zoning. Pricing includes mass grading, utilities, road infrastructure, and regional detention. Up to 115.0 acres available. Mass grading to begin Spring 2024. Ownership entity includes a licensed Realtor in the State of Iowa.
Visibility from and immediate access to I-380 at the Wright Bros/Eastern Iowa Airport exit. The building is 32-36' clear and features and EFSR sprinkler for high bay storage. Up to 12 docks and two drive in OHDs. Site work is under way and the building is expected to deliver in spring 2024. The building is divisible Centrally located between Chicago, Kansas City, Minneapolis, St. Louis, Des Moines and Omaha. Blocks from I-380 and the Eastern Iowa Airport.
The median home value in Cedar Rapids, IA is $214,700. This is higher than the county median home value of $208,200. The national median home value is $338,100. The average price of homes sold in Cedar Rapids, IA is $214,700. Approximately 64.84% of Cedar Rapids homes are owned, compared to 27.36% rented, while 7.81% are vacant. Cedar Rapids real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Cedar Rapids real estate agent to arrange a tour today!
Cedar Rapids, Iowa has a population of 136,512. Cedar Rapids is less family-centric than the surrounding county with 30.16% of the households containing married families with children. The county average for households married with children is 31.95%.
The median household income in Cedar Rapids, Iowa is $63,170. The median household income for the surrounding county is $70,360 compared to the national median of $69,021. The median age of people living in Cedar Rapids is 36.4 years.
The average high temperature in July is 84.1 degrees, with an average low temperature in January of 11.4 degrees. The average rainfall is approximately 36 inches per year, with 28.3 inches of snow per year.