Listing Agency: Q4 Real Estate c***@q4realestate.com Show Phone

Listed By: Craig Byers · License #S61123000 Show Phone

Source: Exprealty

Added: Dec 4, 2024 Changed: Aug 8 Last Checked: Aug 8 at 2:24PM

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Investment Insights

Based on property information with market context.

Located in the heart of the NewBo District in Cedar Rapids, Iowa, 329 on 12th is a mixed-use investment property constructed in 2017. This Class A investment property features 20 market-rate residential apartment units and 9,398 square feet of fully leased commercial office space.

Key Highlights

• Class A Investment Property built in 2017
• Located in the heart of the NewBo District
• Mixed‑Use Property with both Residential and Commercial components

Property Analytics

Property Profile

Current Use

The 329 Building Condominium Complex United Iowa Financial Financial Advisor Cedar Point Capital ... Investment Company TEKsystems Business Management Consultant All Clean By ... Hardware & Home Improvement

Suggested Use

Top Pick Big Box & Wholesale Store Grocery & Convenience Store (Bike/Boat/Book/etc) Store HVAC Service Building Supply Locksmith

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

Location Intelligence

Trade Area within ½ mile

2,182

Businesses Nearby

Explore this area Business Placement

Demographics for 52401, IA

2,320

Population

1,480

Households

1.6

Avg Household Size

35

Median Age

35%

College-Educated

89%

High-School Grad

1.2 sq mi

ZIP Area

1,933

Density / Sq Mi

$40,675

Median Household Income

$38,635

Median Earnings

$783

Median Rent

$143,800

Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Mixed-use investment property in Cedar Rapids' NewBo District.

Where is this mixed-use property located?

The property is located at 329 12th Ave Se Cedar Rapids, IA.

What is the asking price?

The asking price for this property is $5,800,000.

What are key features of this property?

This property features: Class A Investment Property built in 2017; Located in the heart of the NewBo District; Mixed‑Use Property with both Residential and Commercial components