Listing Agency: Skogman Realty Show Phone

Listed By: Tim Nash Show Phone

Source: Exprealty

Added: Jul 5, 2023 Changed: Aug 8 Last Checked: Aug 8 at 1:27PM

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Investment Insights

Based on property information with market context.

This is a freestanding retail or service location situated on a signalized intersection. The property features an overhead door and signage. Limited off-street parking is available. This presents a unique opportunity.

Key Highlights

• Free standing building ideal for retail or service businesses.
• Located on a signalized intersection for maximum visibility.
• Overhead door provides convenient access.

Property Analytics

Property Profile

Current Use

DetailZ Car Wash

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Spa & Massage Center Hair Salon Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

1,896

Businesses Nearby

Explore this area Business Placement

Demographics for 52402, IA

42,072

Population

19,848

Households

2.1

Avg Household Size

36

Median Age

41%

College-Educated

95%

High-School Grad

13.7 sq mi

ZIP Area

3,071

Density / Sq Mi

$71,319

Median Household Income

$41,753

Median Earnings

$992

Median Rent

$188,700

Median Home Value

Market

Lease Benchmarks for Cedar Rapids, IA

$17.75 /SF/Yr

Avg Asking Price

$10–$42 /SF/Yr

Price Range

31,109 SF

Avg Space Size

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this retail space located? What is the lease rate? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Retail space - Freestanding retail or service location with signage and OH door.

Where is this retail space located?

The property is located at 1602 1st Ave Ne Cedar Rapids, IA.

What are key features of this property?

This property features: Free standing building ideal for retail or service businesses.; Located on a signalized intersection for maximum visibility.; Overhead door provides convenient access.