Renovated Multi-Building Storefront
For Lease
$1,685,000
1229-1245 1st Avenue Se, Cedar Rapids, IA 52403
Four leased buildings share contiguous on-site parking with street access to each building.
Space SizeContact for details
Days on Market53
Property Features for 1229-1245 1st Avenue Se
General Information
Standard status
Active
Property subtype
Commercial
Zoning
Urban
Building Details
Year Built
1955
Stories
1
Listing Agency:
SKOGMAN REALTY COMMERCIAL
(319) 730-5732
Listed By:
Tiffany Earl Williams-WSG CRE
Source:
Q4realestate
Added: Jul 10
Changed: Aug 30
Last Checked: Aug 30 at 12:52PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SKOGMAN REALTY COMMERCIAL
Investment Insights
Based on property information with market context.
The property comprises four contiguous buildings and an on-site parking lot, with street access serving each building. Renovations completed in 2021 updated the property for current business occupants, and all four buildings are leased to businesses. The original improvements date to 1955.
Positioned on 1st Avenue SE in Cedar Rapids’ MedQuarter, the property is directly across the avenue from Coe College. It is located within an opportunity zone and carries Urban zoning. The combined buildings and parking area create a multi-structure commercial property with established occupancy and shared site access.
Positioned on 1st Avenue SE in Cedar Rapids’ MedQuarter, the property is directly across the avenue from Coe College. It is located within an opportunity zone and carries Urban zoning. The combined buildings and parking area create a multi-structure commercial property with established occupancy and shared site access.
Key Highlights
- Four leased buildings with businesses in place
- 2021 renovations updated the property
- Contiguous on‑site parking lot with street access to each building
Property Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
3,287
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 52403, IA
23,012
Population
10,759
Households
2.1
Avg Household Size
41
Median Age
40%
College-Educated
95%
High-School Grad
26.3 sq mi
ZIP Area
875
Density / Sq Mi
$73,848
Median Household Income
$46,148
Median Earnings
$857
Median Rent
$190,700
Median Home Value
Market
Lease Benchmarks for Cedar Rapids, IA
$19.5 /SF/Yr
Avg Asking Price
$12–$33 /SF/Yr
Price Range
24,746 SF
Avg Space Size
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- St. Luke's Floral & Gifts — 1026 A Ave NE, Cedar Rapids, IA 52402
Frequently Asked Questions
What type of property is this?
Storefront property - Four leased buildings share contiguous on-site parking with street access to each building.
Where is this storefront property located?
The property is located at 1229-1245 1st Avenue Se Cedar Rapids, IA.
What is the lease rate?
The lease rate is $1,685,000.
What are key features of this property?
This property features: Four leased buildings with businesses in place; 2021 renovations updated the property; Contiguous on‑site parking lot with street access to each building
