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    Cedar Rapids, IA Conventional Restaurants for Sale

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    Marion, IA Hiawatha, IA Robins, IA
    Prime Commercial Space, Cedar Rapids
    $1,800,000
    7,329 SF
    Prime Commercial Space, Cedar Rapids

    3939 1st Avenue SE, Cedar Rapids, IA 52402

    7,329 SF commercial space on 1.62 acres.
    • 7,329 SF former Outback Steakhouse on 1.62 acres with 139 ft of 1st Avenue frontage and an average 22,729 vehicles passing daily
    • 118 parking spaces plus pylon signage and easy access at a lighted intersection with a bus stop
    • Restaurant‑equipped space with much of the kitchen and bar infrastructure included
    • Built in 1984 with frame construction, wood flooring, and a roof system featuring membrane and metal
    • On‑site basement space
    Updated: Nov 17, 2025
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    Former Pizza Restaurant For Sale
    $345,000
    1,798 SF
    Former Pizza Restaurant For Sale

    3358 Center Point Rd NE, Cedar Rapids, IA 52402

    Restaurant property with lease income and recent improvements.
    • Existing lease provides immediate monthly income of $3,408.
    • Tenant is responsible for all costs associated with the property.
    • Seller will consider a contract sale to a qualified buyer.
    • New parking lot installed in 2023.
    • Lease in place through March 15, 2026.
    Updated: Feb 3
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    Restaurant Opportunity in Medical District
    $480,000
    2,340 SF
    Restaurant Opportunity in Medical District

    Restaurant for sale in the medical district, turnkey opportunity.

    216 8TH SE Street, Cedar Rapids, IA 52401

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    Turn-key Bar and Restaurant
    $300,000
    3,300 SF
    Turn-key Bar and Restaurant

    Bar and restaurant with FF&E, patio, and amphitheater views.

    450 1st SW Street 101, Cedar Rapids, IA 52404

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    Based on your search, we've compiled 8 Potential Opportunities for your consideration. Besides 4 Active listings in Cedar Rapids, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Fully Leased Multi-Tenant Investment Property
    $999,000
    0.91 Acres
    Fully Leased Multi-Tenant Investment Property

    Stabilized asset with national and local tenancy in Waterloo, Iowa.

    106 Brookeridge Drive, Waterloo, IA 50702

    View details
    High-Visibility Corner Commercial Building
    $179,900
    0.55 Acres
    High-Visibility Corner Commercial Building

    Versatile commercial building with an open layout, kitchen with hood, two bathrooms, and ample off-street parking.

    504 Riehl Street, Waterloo, IA 50703

    View details
    Iowa City Mixed-Use Building
    $515,000
    Iowa City Mixed-Use Building

    Commercial restaurant space and residential condo in vibrant neighborhood.

    Iowa City, IA 52245

    View details
    Three-Story Restaurant Building
    $515,000
    3,046 SF
    Three-Story Restaurant Building

    Three-story restaurant building offered for sale, suited for food service operators needing multi-level space.

    1010 Martin Street, Iowa City, IA 52245

    View details

    Cedar Rapids, IA Conventional Restaurants Investment Opportunities Market Analysis

    Explore 4 conventional restaurants for sale in Cedar Rapids, IA, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 14,767 square feet of properties for sale, with an estimated market value of $2,925,000.

    Sale prices for conventional restaurants in Cedar Rapids, IA start at $300,000, averaging $731,250, and reaching up to $1,800,000 — 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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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Bars & Pubs 5
    Drive through restaurants 5
    Conventional restaurants 4
    Coffee shops 2
    Commercial kitchens 1

    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
    52404 $300K
    52401 $480K
    52402 $1.1M

    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)

    Property Size Breakdown

    The majority of commercial real estate listings in Cedar Rapids fall within the 25,000 to 50,000 square foot range.

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    Most Searched ZIP Codes in Cedar Rapids, IA

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    • 52401
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