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    912 1St Ave Cedar Rapids, IA 52405

    For Sale
    $325,000

    Special Purpose - Cedar Rapids, IA

    Property size:
    3,050 SF
    Lot size:
    0.16 Acres
    Days on Market:
    110
    Last Refresh:
    Dec 5 at 1:06 pm

    Property Features for 912 1St Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Com
    Rooms
    Basement
    APN
    14291-56009-00000
    Basement Y/N
    1
    Size
    3,050 SF
    Lot size
    0.16 Acres

    Utilities

    Heating system
    Natural Gas
    Cooling system
    Central Air, Wall/Window Unit(s)

    Building Details

    Year built
    1953
    Building materials
    Block, Concrete
    Roof type
    Membrane, Shingle
    Architectural style
    Other

    Pinnacle Realty LLC (319) 350-9476 [email protected]

    Listing agent Kelli Feickert (319) 393-0900

    Listing date Aug 18, 2025

    MLS# 2506892 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

    Cedar Rapids Mixed-Use Building

    This building, located on 1st Avenue in Cedar Rapids, Iowa, offers a prime location with high traffic count. The property has a history as a bar and restaurant and includes an upstairs apartment for additional income. The building also features basement space for extra storage. The current bar/restaurant lease extends until February 2026, while the apartment tenant is on a month-to-month lease. The property is situated one mile away from the upcoming Cedar Crossing Casino & Entertainment Center. The building's area is 3050 square feet and it sits on a 0.161-acre lot. The zoning is Com.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Gilligan's Pub-Grub Pub

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Similar Places Nearby

    Hacienda Las Glorias, carlo@csps, Just Coz, Stadium Bar and Grill, Gilligan's Pub-Grub

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Rapids
    County
    Linn
    State
    Iowa
    Longitude
    -91.6841772
    Latitude
    41.9729662

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    FAQs

    What type of property is this?
    Bar - Bar/Restaurant with apartment in high-traffic location near upcoming casino.
    Where is this bar located?
    The property is located at 912 1St Ave Cedar Rapids, IA.
    What is the asking price?
    The asking price for this property is $325,000.
    What are key features of this property?
    This property features: - Prime location on 1st Ave with high traffic count.; - One mile from upcoming Cedar Crossing Casino & Entertainment Center.; - Existing bar/restaurant lease in place until February 2026 providing immediate income.
    (319) 393-0900
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    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
    912 1St Ave Cedar Rapids, IA 52405
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