Listing Agency: Skogman Commercial Group Cedar Rapids Show Phone

Listed By: Douglas Laird · License #IA B42011

Source: Crexi

Added: Apr 10 Changed: Aug 31 Last Checked: Aug 29 at 4:41PM

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Investment Insights

Based on property information with market context.

This commercial land occupies a corner at 3988 1st Avenue NE in Cedar Rapids, Iowa. The site is presented for retail or car-lot use and sits beside a recently updated main arterial street within an active commercial area.

For a qualified tenant, the owner will amortize improvements as part of the arrangement.

Key Highlights

• Corner commercial land at 3988 1st Avenue NE
• Retail or car‑lot use identified
• Adjacent to a recently updated main arterial street

Property Analytics

Property Profile

Current Use

Reliable Auto Maintenance Auto Repair Shop

Suggested Use

Top Pick HVAC Service Electrical Service (Bike/Boat/Book/etc) Store Carpet & Flooring Store Locksmith Catering Service

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

767

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

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Commercial land - Corner commercial land beside an updated main arterial street in an active commercial area.

Where is this commercial land located?

The property is located at 3988 1st Avenue NE Cedar Rapids, IA.

What are key features of this property?

This property features: Corner commercial land at 3988 1st Avenue NE; Retail or car‑lot use identified; Adjacent to a recently updated main arterial street