Description

This versatile multi-tenant office building offers significant future leasing potential and is strategically positioned in a sought-after area with excellent connectivity to major transportation networks, including Highway 100 and I-380. Spanning 7,360 square feet on over 1.5 acres, the property features ample onsite parking with 44 spaces, providing convenience for tenants and their clients. Built in 1992, the building has seen recent updates to Suite A, adding a modern touch to its interior. Currently configured for two tenants, it offers a flexible setup that allows for continued multi-tenant use or conversion to a single-tenant layout, maximizing leasing opportunities. With Cedar Rapids Pain Associates occupying 4,106 square feet under a NNN lease at $11.75/SF through January 31, 2025, the property already generates stable income for an owner-user or investor. Priced below market compared to similar properties in the area, this office building represents a unique opportunity to capitalize on a prime location and secure long-term value.

Listing ID #202400745

Commercial Sale

4201 Glass Rd NE
Cedar Rapids, Iowa 52402

$825,000
Lot Size1.64 Acre
Country : US
State : IA
County : Linn
City : Cedar Rapids
Zipcode : 52402
Status CategoryActive
Listing Agent
Angie Glick
GLD Commercial Real Estate Advisors
Mortgage Calculator
$
$ %
years
%
$ %per year
$ %per year

Features
202400745
Commercial Sale
Frame
Take I-380 to Glass Road Exit and head West. Building will be on your left or take Edgewood Road and turn East onto Glass Road, building will be on your right.
Additional Details
1.64 Acre
Central Air
Central
Composition
02-08-2024

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.

View Similar Listings

Property