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    420 12Th Ave SE, Unit 1 Cedar Rapids, IA 52401

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    For Sale
    $550,000

    2,850 SF space with modern industrial design, leased until 2027.

    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

    Versatile Commercial Space For Sale

    This versatile 2,850 SF commercial space features a modern industrial design. The property includes two entrances, security cameras, a welcoming vestibule, a restroom, a drinking fountain, and a kitchenette. Large windows with UV tint provide natural light, and overhead sprinklers are installed for fire safety. Fiber internet is available, and plumbing is in place for a second restroom. The property is equipped with two independent HVAC systems and offers ample parking. Approximately 2,000 SF is designated as retail/office space, while 850 SF is warehouse space with an 8ft. overhead door. The space is currently leased until April 2027, and the lease will transfer to the new owner. A TIF Schedule with 7 years remaining at 95% will also transfer. The property is located at 420 12th Ave SE #Floor 1, IA 52401.
    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 - 2,850 SF space with modern industrial design, leased until 2027.
    Where is this flex space located?
    The property is located at 420 12Th Ave SE, Unit 1 Cedar Rapids, IA.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: - Existing lease until April 2027 provides immediate rental income.; - Transferable TIF schedule with 7 years remaining at 95% offers significant tax benefits.; - Versatile space featuring approximately 2,000 SF of retail/office area and 850 SF of warehouse space with an 8ft overhead door.
    (319) 731-3410
    Request Owner's contact information
    420 12Th Ave SE, Unit 1 Cedar Rapids, IA 52401
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    Cedar Rapids, IA 52401
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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 1 Cedar Rapids, IA 52401
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