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Anchored Shopping Center with Updated Roofs
For Lease
$2,000,000

151 Jacolyn Drive Nw, Cedar Rapids, IA 52405

Multi-building retail center with established tenants near residential neighborhoods, schools, and major roadways.

Space SizeContact for details
Lot Size4.77 Acres
Days on Market53

Property Features for 151 Jacolyn Drive Nw

General Information

Standard status Active
Lot size 4.77 Acres
Property subtype Commercial
Zoning TMC

Building Details

Year Built 1960
Listing Agency: Pinnacle Realty LLC
Listed By: Pacifique Mengi
Source: Q4realestate
Added: Jul 10 Changed: Aug 30 Last Checked: Aug 30 at 7:27PM

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 Pinnacle Realty LLC

Investment Insights

Based on property information with market context.

Cedar Hills Retail Center comprises three commercial buildings on 4.77 acres, with updated roofs and multiple established retail tenants. Dollar General serves as the center’s anchor, supporting a retail-focused property configuration with several occupied commercial spaces.

The property includes 151 Jacolyn Drive NW, 167 Jacolyn Drive NW, and 191 Jacolyn Drive NW in Cedar Rapids. Its setting near residential neighborhoods, schools, and major roadways places the center within an established community context. The property is zoned TMC.

Key Highlights

  • Three commercial buildings situated on 4.77 acres
  • Dollar General anchor with multiple established retail tenants
  • Updated roofs across the commercial buildings

Property Analytics

Current Use

Pet's Playhouse (Bike/Boat/Book/etc) Store Western Union Bank Dollar General Grocery & Convenience Store Shazam Atm Atm

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage Skin Care Clinic Big Box & Wholesale Store Spa & Massage Center

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

349
Businesses Nearby
Under-served
Demand for This Use

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

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Shopping center - Multi-building retail center with established tenants near residential neighborhoods, schools, and major roadways.
Where is this shopping center located?
The property is located at 151 Jacolyn Drive Nw Cedar Rapids, IA.
What is the lease rate?
The lease rate is $2,000,000.
What are key features of this property?
This property features: Three commercial buildings situated on 4.77 acres; Dollar General anchor with multiple established retail tenants; Updated roofs across the commercial buildings
More about this property
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