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    294-298 Blairs Ferry Rd NE Cedar Rapids, IA 52402

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    For Sale
    $5,691,202

    Multi-tenant property anchored by UnityPoint Health in Cedar Rapids, IA.

    Property size:
    31,980 SF
    Lot size:
    1.64 Acres

    Property Features for 294-298 Blairs Ferry Rd NE

    General Information

    Size
    31,980 SF
    Lot size
    1.64 Acres

    Source: GLD Commercial Agent Adam Gibbs

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

    Overview

    Multi-Tenant Investment Property For Sale

    Located at 294-298 Blairs Ferry Rd NE in Cedar Rapids, IA, this multi-tenant property is anchored by UnityPoint Health, which operates both a hospice office and a durable medical equipment retail center. Additional tenants include the University of Dubuque’s remote learning facility and Salon Suites, a retail cosmetology concept. The property is positioned in a high-traffic corridor, offering visibility and access. The property has a size of 31980 square feet. The property is suitable for investors seeking returns in a growing market.
    Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Rapids
    County
    Linn
    State
    Iowa
    Longitude
    -91.6356698
    Latitude
    42.0351646

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    FAQs

    What type of property is this?
    Office space - Multi-tenant property anchored by UnityPoint Health in Cedar Rapids, IA.
    Where is this office space located?
    The property is located at 294-298 Blairs Ferry Rd NE Cedar Rapids, IA.
    What is the asking price?
    The asking price for this property is $5,691,202.
    What are key features of this property?
    This property features: - Anchored by UnityPoint Health, providing stability.; - Multi-tenant property with diverse income streams (healthcare, education, personal services).; - Located in a high-traffic corridor with excellent visibility and access.
    (319) 731-3400
    Request Owner's contact information
    294-298 Blairs Ferry Rd NE Cedar Rapids, IA 52402
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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
    294-298 Blairs Ferry Rd NE Cedar Rapids, IA 52402
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