1420 1st AVE NE, Cedar Rapids, IA 52402
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Tony Lueken

Tony Lueken

+1(319) 480-3875
$ 4,500,000
Est. payment | /mo

28,270 SqFt

Save
$ 4,500,000
Est. payment | /mo
Save

28,270 SqFt

Key Details

Property Type Commercial

Sub Type Office

Listing Status Active

Purchase Type For Sale

Square Footage 28,270 sqft

Price per Sqft $159

MLS Listing ID 2607085

HOA Y/N No

Total Fin. Sqft 28270

Year Built 2019

Annual Tax Amount $100,514

Lot Size 0.874 Acres

Acres 0.874

Property Sub-Type Office

Property 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.

Location

State IA

County Linn

Area Ne Quadrant

Zoning UNG

Interior

Interior Features InteriorFeatures

Heating Central, Gas

Cooling Central Air

Flooring Carpet, Concrete

Inclusions Building, Land

Fireplace No

Window Features Display Window(s)

Exterior

Exterior Feature IrrigationSprinklers

Parking Features Off Street

Utilities Available Electricity Available, Natural Gas Available

Water Access Desc Public

Roof Type Membrane

Building

Building Description Frame, Elevator(s),Multi-Tenant,Private Restrooms,Pole Sign

Story 3

Entry Level Three Or More

Sewer Public Sewer

Water Public

Level or Stories Three Or More

Structure Type Frame

Others

Tax ID 142225101800000

Security Features Security System,Security Lights

Acceptable Financing Cash, Contract

Listing Terms Cash, Contract

Listed by SKOGMAN REALTY

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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1420 1st AVE NE