Cedar Rapids, IA Commercial Real Estate for Sale

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Updated: Jun 16

Mixed-Use Building with Vacant Storefront

1569 First ave SE, Cedar Rapids, IA 52402

$249,900

2,666 sqft 0.13 AC lot

2,666 sq. ft. mixed‑use property built in 1905 with a vacant commercial storefront and four residential apartments
Residential unit mix: two currently occupied and two ready for leasing
Commercial space on 1st Ave SE with off‑street parking included
Recent updates include fresh paint and updated flooring
Roof materials: shingle and membrane

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Here's a quick look at some key insights for

1569 First ave SE, Cedar Rapids, IA 52402

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Est. Cap Rate

8.6%
Above avg (5.9%)
Est. NOI

$21K
Annual
Price @ 7% Cap

$307K
Above asking
Property Type

Multi-Family Dwellings
Built 1905

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Updated: Jun 2

Multi-Use Commercial Facility

1620 W Post Rd SW, Cedar Rapids, IA 52404

$850,000

5,935 sqft 0.78 AC lot

1984‑built multi‑use commercial property with frame/pole construction, metal roof, and concrete flooring
Includes 720 SF office space with 2 private offices, breakroom, and restroom
2,100 SF attached warehouse with two 10x12 overhead garage doors (gross lease available for this portion)
1,600 SF multipurpose area with a 12x12 OHD, currently outfitted as basketball court and batting cage, plus additional restroom
1,515 SF three‑stall garage for storage or shop use, enclosed by a fenced perimeter with motorized gate

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Multi-Tenant Office Campus

4211 Glass Road NE, Cedar Rapids, IA 52402

$2,250,000

28,472 sqft 5.66 AC lot

Multi-tenant office campus on a wooded site, offered for sale in NE Cedar Rapids.

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Neighborhood Retail Center with Dollar General

151 Jacolyn Drive NW, Cedar Rapids, IA 52405

$2,000,000

37,336 sqft 4.77 AC lot

Three-building retail center offering updated roofs and established tenants in a high-traffic Cedar Rapids area.

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Specialty Commercial Property

4820 Armar Dr SE, Cedar Rapids, IA 52403

$1,445,000

10,258 sqft

For-sale specialty commercial property at 4820 Armar Dr SE in Cedar Rapids, IA.

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Live-Work Office Building

2919 1st Ave SE, Cedar Rapids, IA 52403

$475,000

4,140 sqft 0.36 AC lot

Multi-level building offers Class A office space plus partially renovated residential and office/education areas with separate entrances.

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Turn-Key Restaurant/Bar with Drive Thru

1519 6th Street SW, Cedar Rapids, IA 52404

$799,950

3,470 sqft 0.88 AC lot

Fully equipped restaurant/bar with drive-thru on high-traffic corner.

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Multi-Use Commercial Investment Opportunity

901 Oakland Road NE, Cedar Rapids, IA 52402

$350,000

5,524 sqft 0.38 AC lot

Commercial property with shop, apartment, and storage space.

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Downtown Office Building with Reconfigurable Space

526 2nd Avenue SE, Cedar Rapids, IA 52401

$595,000

18,309 sqft

Multi-story downtown office building with private offices and conference rooms suited for professional or medical users.

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Modern Office Building with Private Office

450 Colton Circle NE, Cedar Rapids, IA 52402

$825,000

4,836 sqft

Newer office space with a wide-open layout, private office, and separate restrooms for staff and clients.

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Historic Church with Multi-Level Space

Cedar Rapids, IA 52404

$599,000

0.78 AC lot

A 1911 church building with updated interiors, sanctuary, offices, classrooms, and a large lower-level fellowship hall.

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Flex Industrial Warehouse with Office

1402 18th Street SW, Cedar Rapids, IA 52404

$850,000

8,474 sqft

Well-maintained flex warehouse includes a clear-span warehouse, two-level office, and paved outdoor storage yard.

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Two-Story Office Building

1000 Collins Road NE, Cedar Rapids, IA 52402

$699,950

3,652 sqft 0.34 AC lot

Finished two-floor office layout with reception areas offers flexible space for professional tenants.

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Commercial Space in Cedar Rapids

Ders Drive NW lot: 9, Cedar Rapids, IA 52404

$1,802,705

13,248 sqft 2.73 AC lot

Commercial space available for sale in Cedar Rapids, Iowa.

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Historic Mixed-Use Property in Bohemia

219 16th Ave Se, Cedar Rapids, IA 52404

$425,000

4,647 sqft 0.07 AC lot

Mixed-use property with income potential in Cedar Rapids' Czech Village.

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Commercial Office Building

4820 Armar Drive SE, Cedar Rapids, IA 52403

$1,445,000

10,258 sqft 1.04 AC lot

Office building for sale on a 1.04-acre site with approximately 10,258 square feet and Comm zoning.

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Downtown Cedar Rapids Investment Opportunity

808 3rd Ave Se, Cedar Rapids, IA

$575,000

7,300 sqft 0.30 AC lot

Stabilized investment property in Cedar Rapids' MedQuarter, long-term tenant.

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Multi-Unit Self Storage Facility

1308 Adair Ct SW, Cedar Rapids, IA 52404

$4,150,000

43,380 sqft 3.49 AC lot

Modern storage facility with 168 units and 8 currently occupied, located next to Eastern Iowa Airport.

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Fully Leased Office Investment Property

3950 River Ridge Dr NE, Cedar Rapids, IA

$1,575,000

9,936 sqft 1.06 AC lot

High-quality office building in Cedar Rapids, Iowa, fully leased.

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Retail Storefront with Front Office

266 Blairs Ferry Rd NE, Cedar Rapids, IA 52402

Contact for pricing

15,803 sqft 2.02 AC lot

Unit #200 offers open retail space, a private office, restroom, and storage in a high-visibility strip center.

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Multi-Tenant Office Building with Parking

4201 Glass Rd NE, Cedar Rapids, IA 52402

$850,000

7,360 sqft 1.50 AC lot

Multi-tenant office building with recent suite updates, roof replacement, and 44-space parking for flexible occupancy.

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Flex Building with Warehouse Doors

1620 W Post Road SW, Cedar Rapids, IA 52404

Contact for pricing

4,420 sqft 0.78 AC lot

Flexible space with heated warehouse, secure fenced lot, and a heated office area suited for operations needing on-site storage.

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Multi-Level Live-Work Office Building

2919 1st Ave SE, Cedar Rapids, IA 52403

$475,000

4,140 sqft

Three separate entrances serve office, education, and meeting space, plus partially renovated upper-level residential living.

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Commercial Office Building

2626 Ders Drive NW, Cedar Rapids, IA 52404

$1,595,000

11,000 sqft 3.11 AC lot

For-sale commercial office building on a 3.11-acre lot in Cedar Rapids, suited for professional tenants.

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Cedar Rapids, IA Commercial Real Estate Market Trends and Statistics

Explore 147 commercial real estate for sale in Cedar Rapids, IA, showcased through 147 active listings on our real estate platform. These investment opportunities span a total of 1,141,361 square feet of properties for sale, with an estimated market value of $212,567,071.

Sale prices for business properties in Cedar Rapids, IA start at $185,000, averaging $4,010,699, and reaching up to $110,000,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 145K

Population Growth (5Y) +3.0%

Median Household Income $72,941

College Educated 21.6%

High-Yield Neighborhoods for Investment

Identify Cedar Rapids submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
52405	$320K
52403	$772.9K
52411	$1M
52404	$1.5M
52402	$1.8M

Taxes & Financing

Tax Rate (average for all types) 3.09%

Property Tax per SF $27.54 per SF

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Linn County

New Delisted

Total CRE Inventory on Market (SF)

Average Property Price per SF

For-sale pricing trends across core commercial property types in Linn County

Office

Property Size Breakdown

The majority of commercial real estate listings in Cedar Rapids fall within the 100,000+ square foot range.

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