Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    3939 1St Ave SE Cedar Rapids, IA 52402

    For Sale
    Contact for pricing

    Retail,Special Purpose - Cedar Rapids, IA

    Property size:
    7,329 SF
    Lot size:
    1.62 Acres
    Days on Market:
    19
    Last Refresh:
    Dec 5 at 9:06 am

    Property Features for 3939 1St Ave SE

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    SMC
    Rooms
    Basement
    APN
    141120400700000
    Basement Y/N
    1
    Size
    7,329 SF
    Lot size
    1.62 Acres

    Utilities

    Heating system
    Central, Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1984
    Floors in Building
    1
    Flooring type
    Wood
    Building materials
    Frame
    Roof type
    Membrane, Metal
    Architectural style
    Other

    WHY USA Eastern Iowa Realty (319) 892-3344 [email protected]

    Listing agent Kevin Heinbuch (319) 892-3344

    Listing date Nov 17, 2025

    MLS# 2509383 Listing URL

    Copyright © 2025 Cedar Rapids Area Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Retail/Restaurant Opportunity

    This 7,329 square foot commercial space is situated on a 1.62-acre lot. The property benefits from high visibility, featuring 139 feet of frontage on 1st Avenue, with an average daily traffic count of 22,729 vehicles. Formerly an Outback Steakhouse, the property is equipped with existing kitchen and bar infrastructure, making it a potential turnkey option for food-service operators. The space is also adaptable for retail or showroom purposes. Located at a lighted intersection with a bus stop, the property is approximately one mile from Cedar Rapids' largest employer and 3.7 miles from downtown Cedar Rapids. It is positioned near Lindale Mall and other major shopping centers, benefiting from surrounding consumer activity. The site includes 118 parking spaces, pylon signage, and easy access. The surrounding 15-mile trade area includes 164,634 residents, 68,802 households, and an employee population of 88,486, with an average income of $107,096.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Restaurants

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Accounting Firm Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    La Chamba Mexican Restaurant

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Rapids
    County
    Linn
    State
    Iowa
    Longitude
    -91.6321118
    Latitude
    42.0189766

    Nearby Similar for Sale

    • $399,000
      5,061 SF

      Architecturally Unique Office with Parking

      Unique office building with covered parking and open plan area.
      2875 Mount Vernon Rd SE, Cedar Rapids, IA 52403
      View Details
    • $1,300,000
      9,600 SF

      Cedar Rapids Office with Gym

      Spacious office building with gym, built in 2008.
      6205 11Th St SW, Cedar Rapids, IA 52404
      View Details
    • $1,700,000
      16,800 SF

      Historic Cedar Rapids Landmark

      Two-story building with multi-tenant potential near MedQ.
      724 3Rd Ave SE, Cedar Rapids, IA 52401
      View Details
    • $1,375,000
      13,248 SF

      Multifamily Complex in Cedar Rapids

      23-unit multifamily complex with remodeled units and convenient access.
      120-126 NE 32Nd St, Cedar Rapids, IA 52402
      View Details
    • $359,950
      1,800 SF

      Cedar Rapids Specialty Property ForSale

      Specialty property in Cedar Rapids, Iowa, suitable for various purposes.
      215 Edgewood Rd SW, Cedar Rapids, IA 52404
      View Details
    • Contact for pricing
      3,232 SF

      Cedar Rapids Office Space Available

      Professional office space in premier Cedar Rapids office park.
      3900 River Ridge Dr NE A & B, Cedar Rapids, IA 52402
      View Details

    FAQs

    What type of property is this?
    Restaurant - 7,329 SF commercial space on 1.62 acres.
    Where is this restaurant located?
    The property is located at 3939 1St Ave SE Cedar Rapids, IA.
    What are key features of this property?
    This property features: - High-visibility location with 139 feet of frontage and 22,729 average daily vehicle traffic.; - Turnkey restaurant opportunity with existing kitchen and bar infrastructure.; - Large parking lot with 118 spaces and pylon signage.
    (319) 892-3344
    Request Owner's contact information
    3939 1St Ave SE Cedar Rapids, IA 52402
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3939 1St Ave SE
    Cedar Rapids, IA 52402
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3939 1St Ave SE Cedar Rapids, IA 52402
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.