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Description

Net Lease investment property at the corner of 1st Avenue NE and 21st St. NE/Cottage Grove SE. Currently fully leased to a single tenant and listed at an 8.6% cap rate, the property provides short-term investment income with owner flexibility to renew the lease or convert to owner-occupancy at the end of the term. Contact listing agent for landlord responsibilities. With a striking sanctuary, classrooms, meeting rooms, and offices, this property is well suited for future assembly and educational uses and boasts some of the highest traffic counts in our market. 48-hour notice to show.

Listing ID #2604628

Commercial Sale

2100 1st Avenue NE
Cedar Rapids, Iowa 52402

$695,000
Square Feet15,620
Lot Size1.18 Acre
Country : US
State : IA
County : Linn
City : Cedar Rapids
Zipcode : 52402
StatusActive
Virtual Tour: View Tour
Listing Agent
Brian Rosteck
SKOGMAN REALTY COMMERCIAL
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Features

2604628
15,620 Sqft
Off Street
Frame, Block, Concrete
On 1st Ave NE, CR
Additional Details
1.18 Acre
Central Air
Central, Gas
Asphalt, Shingle
06-30-2026
51444

Information on this page deemed reliable, but not guaranteed to be accurate. Listing information was entered by the listing agent and provided by ICAAR (Iowa City Area Association of REALTORS®) MLS and CRAAR (Cedar Rapids Area Association of REALTORS®) MLS. Urban Acres claims no responsibility for any misinformation, typographical errors, or misprints displayed from the MLS sources.

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