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    621 1St Ave SW Cedar Rapids, IA 52401

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    For Sale
    $198,000

    1,050 SF restaurant with FF&E, high visibility location.

    Property size:
    1,050 SF
    Lot size:
    0.13 Acres

    Property Features for 621 1St Ave SW

    General Information

    Size
    1,050 SF
    Lot size
    0.13 Acres

    Source: GLD Commercial Agent Angie Glick

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

    Overview

    Turnkey Restaurant Opportunity on 1st

    This 1,050 SF commercial property is located on 1st Avenue West, which has an IDOT Annual Average Daily Traffic count of over 18,000 vehicles per day. The real estate and FF&E (furniture, fixtures, and equipment) are included in the sale, making it a turnkey solution for business owners. The property is currently home to Maid-Rite West. The sale presents an opportunity to maintain the current concept, with franchise rights available, and the option to retain the experienced manager of 20 years. There are 8 parking spaces. The property has had over $10,000 in improvements to the HVAC systems and new shingles after Derecho.
    Insight Report Location Intelligence

    Current Use by Public Records

    Maid-Rite West Caterer

    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

    Winifred's Catering, Katering Kitchen, Embassy Catering, The Street Food Fighter LLC, Peppercorn Food Company

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Rapids
    County
    Linn
    State
    Iowa
    Longitude
    -91.6801805
    Latitude
    41.9738335

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    FAQs

    What type of property is this?
    Restaurant - 1,050 SF restaurant with FF&E, high visibility location.
    Where is this restaurant located?
    The property is located at 621 1St Ave SW Cedar Rapids, IA.
    What is the asking price?
    The asking price for this property is $198,000.
    What are key features of this property?
    This property features: - Turnkey restaurant opportunity with real estate and FF&E included in the sale.; - High-visibility location on 1st Avenue with over 18,000 vehicles per day.; - Established business with a loyal customer base and retro decor.
    (319) 731-3400
    Request Owner's contact information
    621 1St Ave SW 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
    621 1St Ave SW Cedar Rapids, IA 52401
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