Mixed-Use Commercial Property For
3414 Mt Vernon Rd SE Cedar Rapids, IA 52403
For Sale
Contact for pricing
Mixed-use commercial property with 4,116 square feet available for sale.
Property Size4,116 SF
Price / SF$145.77
Days on Market171
Property Features for 3414 Mt Vernon Rd SE
General Information
- Standard status
- Active
- Size
- 4,116 SF
- Property subtype
- Office, Retail
Building Details
- Year Built
- 1970
Listing Agency:
Skogman Commercial Group Cedar Rapids
(319) 350-7653
Listed By:
Heather Morris · License #B34461000
Source:
Crexi
Added: Feb 6
Changed: Jul 6
Last Checked: Jul 26 at 7:40PM
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 commercial property, identified as T-MC Traditional Mixed Use Commercial, is available for sale. The property offers 4,116 square feet of space.
Key Highlights
- Traditional mixed use commercial property
- For sale
- T‑MC zoning
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $60.3k | $14.64 |
| − Vacancy | −$4.7k | −$1.13 |
| EGI | $55.6k | $13.51 |
| − OpEx | −$16.7k | −$4.05 |
| NOI | $38.9k | $9.46 |
4,116 SF · lease $14.64/SF/yr · vacancy 7.73% · expense 30.00%
Alternative Uses
Best Use
Retail
$556.0K
$486.5K – $648.7K
NOI $38,920 @ 7.0% cap · market cap 6.49%
Second Best
Mixed Use
$497.7K
$435.5K – $580.6K
NOI $34,837 @ 7.0% cap · market cap 5.81%
Theoretical Best
Specialty Retail
$595.7K
$521.3K – $695.0K
NOI $41,700 @ 7.0% cap · market cap 6.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Community Savings Bank
Bank
Shazam Atm
Atm
FAQs
What type of property is this?
Mixed-use property - Mixed-use commercial property with 4,116 square feet available for sale.
Where is this mixed-use property located?
The property is located at 3414 Mt Vernon Rd SE Cedar Rapids, IA.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Traditional mixed use commercial property; For sale; T‑MC zoning
