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Freestanding Restaurant Building
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320 Collins Rd NE, Cedar Rapids, IA 52402

Freestanding restaurant building formerly occupied by Biaggi’s, with ample parking and access along Collins Road NE.

Property Size9,500 SF
Lot Size1.60 Acres
Days on Market70

Property Features for 320 Collins Rd NE

General Information

Standard status Active
Size 9,500 SF
Lot size 1.60 Acres
Property subtype Retail - Restaurant

Building Details

Building Size 9,500 SF
Year Built 2000
Listing Agency: GLD Commercial
Listed By: Adam Gibbs, SIOR · License #B43857000
Source: Commercialcafe
Added: Jul 3 Changed: Sep 8 Last Checked: Sep 10 at 6:16AM

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.

This freestanding restaurant building was formerly occupied by Biaggi’s Ristorante Italiano and is being offered for lease, with the option to purchase. The property includes a recognizable, restaurant-oriented space totaling approximately 9,500 square feet and sits on approximately 1.6 acres.

Located along Collins Road NE, the site is positioned for strong exposure on a heavily traveled corridor and is supported by generous parking and practical ingress/egress. The immediate setting includes a mix of national retailers, hotels, restaurants, and major employers.

For operators seeking second-generation restaurant space, this opportunity may offer a faster path than new construction while leveraging an established dining destination. Ownership is offering the property for lease and will also consider the sale of the property.

Key Highlights

  • 9,500 SF freestanding restaurant building formerly occupied by Biaggi's Ristorante Italiano
  • Sits on approximately 1.6 acres along Collins Road NE
  • Former restaurant space built in 2000

Property Analytics

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Current Use

Biaggi's Ristorante Italiano Restaurant Credit Repair Financial Advisor

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Auto Parts Store Electrical Service Kitchen & Bath Showroom Accounting Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,148
Businesses Nearby
Under-served
Demand for This Use

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in Midwest region

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

What type of property is this?
Conventional restaurant - Freestanding restaurant building formerly occupied by Biaggi’s, with ample parking and access along Collins Road NE.
Where is this conventional restaurant located?
The property is located at 320 Collins Rd NE Cedar Rapids, IA.
What are key features of this property?
This property features: 9,500 SF freestanding restaurant building formerly occupied by Biaggi's Ristorante Italiano; Sits on approximately 1.6 acres along Collins Road NE; Former restaurant space built in 2000
More about this property
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