Leased Flex Building with Drive-In
For Lease
$545,000
255 Classic Car Court Sw, Cedar Rapids, IA 52404
Fully occupied flex space with automotive-oriented improvements, monument signage, and access to I-380 and Highway 30.
Space SizeContact for details
Property Size4,800 SF
Days on Market52
Property Features for 255 Classic Car Court Sw
General Information
Standard status
Active
Size
4,800 SF
Property subtype
Commercial
Zoning
T-IM
Occupancy
100%
Additional Details
Space Use
Flex
Highway Access
Yes
Drive-In Doors
4
Building Details
Year Built
1992
Stories
1
Building Size
4,800 SF
Tenancy
Multi
Listing Agency:
GLD COMMERCIAL
(319) 731-3400
Listed By:
Angie Glick
Source:
Q4realestate
Added: Jul 10
Changed: Aug 30
Last Checked: Aug 30 at 12:57PM
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 GLD COMMERCIAL
Investment Insights
Based on property information with market context.
Built in 1992, this 4,800 SF flex building is configured with four drive-in bays and prominent monument signage. The property is zoned T-IM and is fully leased to two established automotive tenants, JetSet Automotive/Duffy’s Classic Cars and Keenan Auto.
The property is positioned in southwest Cedar Rapids with visibility from I-380 and convenient connectivity to both I-380 and Highway 30. Its location is within a corridor associated with automotive businesses. Lease terms include a new 5-year agreement with annual rent increases for JetSet Automotive/Duffy’s Classic Cars and a new 10-year term for Keenan Auto.
The property is positioned in southwest Cedar Rapids with visibility from I-380 and convenient connectivity to both I-380 and Highway 30. Its location is within a corridor associated with automotive businesses. Lease terms include a new 5-year agreement with annual rent increases for JetSet Automotive/Duffy’s Classic Cars and a new 10-year term for Keenan Auto.
Key Highlights
- 4,800 SF flex building built in 1992
- 100% occupied by two established automotive tenants
- Four drive‑in bays for vehicle‑oriented operations
Property Analytics
Property Profile
Current Use
Lease Details
4
Drive-in doors
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
442
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 52404, IA
43,385
Population
19,923
Households
2.2
Avg Household Size
35
Median Age
22%
College-Educated
94%
High-School Grad
56.6 sq mi
ZIP Area
767
Density / Sq Mi
$62,304
Median Household Income
$38,865
Median Earnings
$885
Median Rent
$159,700
Median Home Value
Market
Lease Benchmarks for Cedar Rapids, IA
$9.43 /SF/Yr
Avg Asking Price
$6–$12 /SF/Yr
Price Range
24,800 SF
Avg Space Size
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Fully occupied flex space with automotive-oriented improvements, monument signage, and access to I-380 and Highway 30.
Where is this flex space located?
The property is located at 255 Classic Car Court Sw Cedar Rapids, IA.
What is the lease rate?
The lease rate is $545,000.
What are key features of this property?
This property features: 4,800 SF flex building built in 1992; 100% occupied by two established automotive tenants; Four drive‑in bays for vehicle‑oriented operations
