1140 Blairs Ferry Rd NE, Cedar Rapids, IA 52402
1140 Blairs Ferry Rd NE, Cedar Rapids, IA 52402
1140 Blairs Ferry Rd NE, Cedar Rapids, IA 52402
1140 Blairs Ferry Rd NE, Cedar Rapids, IA 52402
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Tony Lueken

Tony Lueken

+1(319) 480-3875
$ 2,362,335
Est. payment | /mo

7,801 Sqft Lot

Save
$ 2,362,335
Est. payment | /mo
Save

7,801 Sqft Lot

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

MLS Listing ID 202304179

Year Built 1993

Annual Tax Amount $59,538

Tax Year 2024

Lot Size 7,801 Sqft

Acres 1.12

Property Sub-Type Retail

Property Description

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.

Location

State IA

County Linn

Zoning Sub Mixed Use Comm Ctr

Direction On Blairs Ferry Rd between Council St and Rockwell Dr NE

Interior

Heating Natural Gas, Central

Cooling Central Air

Flooring Concrete Slab Grade

Exterior

Utilities Available Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Phone Available, City Water

Roof Type Other

Building

Lot Size Range One To Two Acres

Structure Type Block

Others

Tax ID 14032-26008-00000

Acceptable Financing Cash, Other

Listing Terms Cash, Other

Special Listing Condition Standard

Listed by GLD Commercial Real Estate Advisors

NEARBY SCHOOL & BUSINESS

Tony Lueken

+1(319) 480-3875

tony@luekenre.com

4515 N River Blvd NE, Cedar Rapids, IA, 52411, USA

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1140 Blairs Ferry Rd NE