Mixed-Use Building with
For Sale
Contact for pricing
Pending
423 5th St NW, Cedar Rapids, IA 52405
Mixed-use building with a street-level barbershop and a second-floor 3-bedroom, 1-bath apartment with in-unit laundry.
Property SizeContact for details
Days on Market120
Property Features for 423 5th St NW
General Information
Standard status
Pending
Property subtype
Retail
Additional Details
Multifamily Units
1
Building Details
Year Renovated
2017
Stories
2
Listing Agency:
Skogman Commercial Group Cedar Rapids
Listed By:
John Beardsworth · License #IA S68410000
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Aug 8 at 10:48AM
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 Commercial Group Cedar Rapids
Investment Insights
Based on property information with market context.
This mixed-use building includes a main-level storefront occupied by a head-to-toe barbershop. The second level features a 3-bedroom, 1-bath apartment with in-unit laundry.
The property is located on the NW side of Cedar Rapids, just blocks from 1st Avenue. The city plans to connect Ellis Blvd through to 1st Avenue in the coming years.
Both tenants have been in place since significant renovations completed in 2016–2017.
The property is located on the NW side of Cedar Rapids, just blocks from 1st Avenue. The city plans to connect Ellis Blvd through to 1st Avenue in the coming years.
Both tenants have been in place since significant renovations completed in 2016–2017.
Key Highlights
- Mixed‑use building with a street‑level barbershop and a second‑floor 3‑bedroom, 1‑bath apartment
- Apartment includes in‑unit laundry
- Barbershop and apartment are leased, creating a gross leased investment opportunity
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
833
Businesses Nearby
Explore this area
Business Placement
Demographics for 52405, IA
26,382
Population
12,283
Households
2.1
Avg Household Size
39
Median Age
25%
College-Educated
93%
High-School Grad
15.0 sq mi
ZIP Area
1,759
Density / Sq Mi
$65,352
Median Household Income
$44,711
Median Earnings
$1,043
Median Rent
$173,600
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building with a street-level barbershop and a second-floor 3-bedroom, 1-bath apartment with in-unit laundry.
Where is this mixed-use property located?
The property is located at 423 5th St NW Cedar Rapids, IA.
What are key features of this property?
This property features: Mixed‑use building with a street‑level barbershop and a second‑floor 3‑bedroom, 1‑bath apartment; Apartment includes in‑unit laundry; Barbershop and apartment are leased, creating a gross leased investment opportunity
