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    420 12Th Ave SE, Unit 2 Cedar Rapids, IA 52401

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    For Lease
    $15 SF/Yr

    Modern industrial building in the heart of the NewBo neighborhood.

    Building Details

    Year built
    2016

    Source: Keller Williams Realty Legacy Group Agent Angie Glick

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Modern Industrial Building in NewBo

    This modern, industrial building is available for sale or lease and is suitable for retail, health providers, or office users seeking a vibrant workspace in the NewBo neighborhood. The property features two entrances, large retail windows, two large restrooms, fiber internet, laundry hook-ups, elevator and stair access, a large common vestibule with seating, a mail station, a sprinkler system, monitored fire alarms, security cameras, and ample parking. Originally built out and used as a salon with seven additional private rooms, the space offers possibilities for a future buyer or tenant. Floor 1 is also available for sale and lease. The TIF schedule has seven years remaining at 95%, which will transfer to the new owner.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Zábava Salon Beauty Salon Summer Hair & Beauty Hair Salon Oh So Polished Nail Salon Salon Flats on 12th Beauty Salon Růže Spa Spa

    Suggested Use

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

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

    Similar Places Nearby

    Winifred's Catering, Embassy Catering

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Rapids
    County
    Linn
    State
    Iowa
    Longitude
    -91.6570535
    Latitude
    41.9713823

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    FAQs

    What type of property is this?
    Flex space - Modern industrial building in the heart of the NewBo neighborhood.
    Where is this flex space located?
    The property is located at 420 12Th Ave SE, Unit 2 Cedar Rapids, IA.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: - Prime location in the vibrant NewBo neighborhood.; - Existing TIF schedule with 7 years remaining at 95% transferable to the new owner.; - Modern, industrial building suitable for retail, health providers, or office users.
    (319) 731-3410
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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
    420 12Th Ave SE, Unit 2 Cedar Rapids, IA 52401
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