Restored Mixed-Use
For Lease
$625,000
2900/2912 1st Avenue Ne, Cedar Rapids, IA 52402
Five distinct spaces combine three commercial businesses with two apartments in a fully leased property.
Space SizeContact for details
Days on Market51
Property Features for 2900/2912 1st Avenue Ne
General Information
Standard status
Active
Total Parking Spaces
10
Property subtype
Commercial
Zoning
TMUC
Occupancy
100%
Building Details
Year Built
1926
Tenancy
Multi
Listing Agency:
SKOGMAN REALTY COMMERCIAL
(319) 350-8450
Listed By:
Brian Rosteck · License #B59904000
Source:
Q4realestate
Added: Jul 10
Changed: Aug 28
Last Checked: Aug 29 at 5:48AM
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 REALTY COMMERCIAL
Investment Insights
Based on property information with market context.
This mixed-use offering includes two properties constructed in 1926 and subsequently restored, with five separate spaces across the portfolio. The configuration includes three commercial businesses and two apartments: one 1-bedroom unit and one 3-bedroom unit. Building and exterior improvements have been completed, with parking serving the property and an additional overflow lot included in the offering.
The property is zoned TMUC and benefits from city-installed streets and sidewalks. A major trail connection is located next to 2900 1st Avenue NE. The ten (10) car overflow parking lot is positioned across 29th Street at 115 29th St NE. All five spaces are 100% leased, with annual rent escalations.
The property is zoned TMUC and benefits from city-installed streets and sidewalks. A major trail connection is located next to 2900 1st Avenue NE. The ten (10) car overflow parking lot is positioned across 29th Street at 115 29th St NE. All five spaces are 100% leased, with annual rent escalations.
Key Highlights
- Five spaces: three commercial businesses and two apartments
- Apartment mix includes one 1‑bedroom and one 3‑bedroom unit
- Two properties constructed in 1926 and restored
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
414
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
$17.39 /SF/Yr
Avg Asking Price
$15–$21 /SF/Yr
Price Range
45,086 SF
Avg Space Size
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 - Five distinct spaces combine three commercial businesses with two apartments in a fully leased property.
Where is this mixed-use property located?
The property is located at 2900/2912 1st Avenue Ne Cedar Rapids, IA.
What is the lease rate?
The lease rate is $625,000.
What are key features of this property?
This property features: Five spaces: three commercial businesses and two apartments; Apartment mix includes one 1‑bedroom and one 3‑bedroom unit; Two properties constructed in 1926 and restored
