Description
An exceptional opportunity to own a Class A mixed-use property strategically located along 1st Avenue in Cedar Rapids’ College District. Built in 2019, this modern asset features 18 market-rate residential units plus 8,460 SF of ground-level commercial space, anchored by two nationally recognized long-term tenants, Scooter’s Coffee and Jimmy John’s. Positioned at the center of Cedar Rapids’ city revitalization plan, the property benefits from ongoing streetscape improvements, infrastructure upgrades, and new development initiatives designed to transform the 1st Avenue corridor into a vibrant live-work-play destination. The site is also within minutes of the highly anticipated Cedar Crossing Casino, a major driver of traffic, jobs, and economic growth for the area. The location also offers walkability to Coe College and Mt. Mercy University, further strengthening rental demand and visibility for commercial tenants. This is a rare opportunity to acquire a strong, income-producing property in a rapidly improving submarket with significant growth catalysts on the horizon. Owner is licensed Realtor in the State of Iowa.
Commercial Sale
1420 1st Avenue NE
Cedar Rapids, Iowa 52402
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.
Request a Showing
Have a question we can answer this property? Interesting in scheduling a showing? Please enter your preferences in the form. We will contact you in order to schedule an appointment to view this property.
