For sale
Conventional restaurants
IA
Cedar Rapids
52402
3939 1st Avenue SE

Prime Commercial Space, Cedar Rapids

3939 1st Avenue SE, Cedar Rapids, IA 52402

View on Map

For Sale

$1,800,000

COMMERCIAL - Cedar Rapids, IA

Type:Retail

Property size:

7,329 SF

Lot size:

1.62 Acres

Price / SF:

$245/SF

HighLights

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
15‑mile trade area: 164,634 residents, 68,802 households, and 88,486 employees; avg income $107,096

We can help!

Listing Contact

Kevin Heinbuch

For Sale

$1,800,000

COMMERCIAL - Cedar Rapids, IA

Type:Retail

Property size:

7,329 SF

Lot size:

1.62 Acres

Price / SF:

$245/SF

Added:: Nov 17, 2025
Days on Market:: 206
Last Refresh:: Jun 11 at 3:06 pm

Property Features for 3939 1st Avenue SE

General Information

Property type: Commercial Sale
Property subtype: Retail
Zoning: SMC
Rooms: Basement
Standard status: Active
APN: 141120400700000
Size: 7,329 SF
Lot size: 1.62 Acres

Taxes and HOA fees

Tax Description: Per Abstract
Tax Annual Amount: 46204

Building Details

Year built: 1984
Flooring type: Wood
Building materials: Frame
Roof type: Membrane, Metal

We can help!

Listing Contact

Kevin Heinbuch

Listing agent Kevin Heinbuch

Listing office PRK Williams Realty 139 40th St NE, Cedar Rapids, IA

Listing date Nov 17, 2025

MLS# 2509383

Copyright © 2026 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.

HighLights

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
15‑mile trade area: 164,634 residents, 68,802 households, and 88,486 employees; avg income $107,096

Overview

This 7,329 SF 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 currently equipped as a restaurant, including kitchen and bar infrastructure. It is adaptable for retail or showroom use. The property is located at a lighted intersection with a bus stop, approximately one mile from Cedar Rapids' largest employer and 3.7 miles from downtown Cedar Rapids. It is near Lindale Mall and other shopping centers. The site includes 118 parking spaces and pylon signage. 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. The property is zoned SMC and is suitable for conventional restaurants, retail space, and other commercial uses.

Property Profile Location Intelligence

Current Use by Public Records

Conventional restaurants

Suggested Use

Location Insight

Map
Local Demand

City: Cedar Rapids
County: Linn
State: Iowa
Longitude: -91.6321118
Latitude: 42.0189766

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For sale
Conventional restaurants
IA
Cedar Rapids
52402
3939 1st Avenue SE

What type of property is this?

Conventional restaurant - 7,329 SF commercial space on 1.62 acres.

Where is this conventional restaurant located?

The property is located at 3939 1st Avenue SE Cedar Rapids, IA.

What is the asking price?

The asking price for this property is $1,800,000.

What are key features of this property?

This property features: 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

3939 1st Avenue SE, Cedar Rapids, IA 52402

COMMERCIAL - Cedar Rapids, IA

Property Features for 3939 1st Avenue SE

General Information

Taxes and HOA fees

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Multi-Use Commercial Facility

Turn-Key Restaurant/Bar with Drive Thru

Architecturally Unique Office with Parking

Modern Office Building with Private Office

Two-Story Office Building

Zoned Commercial Office Building

Commercial Space in Cedar Rapids

Historic Mixed-Use Investment Opportunity

Multi-Use Commercial Investment Opportunity

Flex Building with Warehouse Doors

Commercial Office Building

Multi-Suite Office Building

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