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Mixed-Use Property with Apartment
For Sale
$345,000

901 Oakland Road NE, Cedar Rapids, IA 52402

Commercial, Cedar Rapids, IA

Property Size5,524 SF
Lot Size0.38 Acres
Price / SF$62.45
Days on Market108

Property Features for 901 Oakland Road NE

General Information

Property type Commercial Sale
Property subtype Other
Zoning Tmixed
Rooms Basement
Directions From I-380 take H Ave to Oakland Rd, on the corner, parking lot on Oakland Rd side
Subdivision NE Quadrant
Standard status Active
APN 141640402000000
Size 5,524 SF
Lot size 0.38 Acres

Taxes and HOA fees

Tax Description DANIELS PARK 1ST (LESS CITY) E 140' STR/LB 5 4
Tax Annual Amount 4864
Legal Description DANIELS PARK 1ST (LESS CITY) E 140' STR/LB 5 4

Building Details

Year built 1913
Flooring type Wood, Carpet
Building materials Frame
Roof type Membrane
Listing Agency: RE/MAX CONCEPTS · RE/MAX International
Listed By: Chad Gloede · License #61723000
Added: May 14 Changed: Aug 19 Last Checked: Aug 29 at 12:06PM
MLS# 2603398

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.

Investment Insights

Based on property information with market context.

This mixed-use property combines main-level shop space with an updated two-bedroom apartment on the upper floor. The shop is leased through 2029, while the apartment is currently rented. Additional storage is located in the rear portion of the shop and apartment area, and the full basement provides further storage or workspace.

Property improvements include a new parking lot completed in 2025, updated siding, all-new electrical, and a new furnace serving the main-level shop installed in 2025. Storefront work includes refreshed paint, an awning renovation, a new stoop, planter removal, a new front door, and an updated display-window frame. Multiple bathrooms have also been improved, and the water heaters were replaced in 2013 and 2019. Built in 1913, the property has frame construction, wood and carpet flooring, and a membrane roof.

Key Highlights

  • Main‑level shop space leased through 2029
  • Updated 2‑bedroom apartment currently rented
  • 5,524‑square‑foot mixed‑use property on 0.38 acres

Property Analytics

Current Use

Kevin's A-1 Vacuum Home Appliance Store

Suggested Use

Top Pick Real Estate Agency Bakery HVAC Service Furniture & Home Goods Electrical Service Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

495
Businesses Nearby

Demographics for 52402, IA

42,072
Population
19,848
Households
2.1
Avg Household Size
36
Median Age
41%
College-Educated
95%
High-School Grad
13.7 sq mi
ZIP Area
3,071
Density / Sq Mi
$71,319
Median Household Income
$41,753
Median Earnings
$992
Median Rent
$188,700
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Income-producing commercial property combines leased shop space, an updated apartment, rear storage, and a full basement.
Where is this mixed-use property located?
The property is located at 901 Oakland Road NE Cedar Rapids, IA.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: Main‑level shop space leased through 2029; Updated 2‑bedroom apartment currently rented; 5,524‑square‑foot mixed‑use property on 0.38 acres
More about this property
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