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Description

Fully leased investment property in Cedar Rapids’ MedQuarter: the Pioneer Building at 1239 1st Avenue SE, directly across from Coe College and near UnityPoint St. Luke’s, Physicians’ Clinic of Iowa, and the new 1st Avenue Starbucks. A rare chance to acquire a smaller, fully stabilized multi-tenant asset. The 5,432 SF retail/office building is 100% leased, with scheduled rent increases in place. Ownership is in the process of setting up a Reciprocal Easement Agreement (REA) to create a shared parking field behind the adjoining buildings. Modern façade, large storefront windows, quick access to I-380, and strong exposure with ±22,300 VPD on 1st Avenue SE. Urban zoning. Offered at $495,000. Restrictive covenant: no tobacco, vape, liquor, or pawn shop use permitted.

Listing ID #2606835

Commercial Sale

1239 1st Avenue SE
Cedar Rapids, Iowa 52403

$495,000
Square Feet5,432
Lot Size0.19 Acre
Country : US
State : IA
County : Linn
City : Cedar Rapids
Zipcode : 52403
StatusActive
Virtual Tour: View Tour
Listing Agent
Tiffany Earl Williams-WSG CRE
Skogman Realty Co
Mortgage Calculator
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Features

2606835
5,432 Sqft
Frame
Yes
1st Ave to 1239
Additional Details
0.19 Acre
Central Air
Central
Membrane
09-28-2026
8400

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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