423 5th St NW Cedar Rapids, IA 52405

Listing agency Skogman Commercial Group Cedar Rapids

Listed by John Beardsworth · License #IA S68410000

Source Crexi

Added: Apr 11 Updated: Jul 21 at 8:41PM Checked: Jul 22 at 11:48AM

Report an Issue

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 building includes a main-level storefront occupied by a head-to-toe barbershop. The second level features a 3-bedroom, 1-bath apartment with in-unit laundry.

The property is located on the NW side of Cedar Rapids, just blocks from 1st Avenue. The city plans to connect Ellis Blvd through to 1st Avenue in the coming years.

Both tenants have been in place since significant renovations completed in 2016–2017.

Key Highlights

• Mixed‑use building with a street‑level barbershop and a second‑floor 3‑bedroom, 1‑bath apartment
• Apartment includes in‑unit laundry
• Barbershop and apartment are leased, creating a gross leased investment opportunity

Property Analytics

Location Intelligence

Similar For Sale Nearby

• 

  $2,250,000

  28,472 SF

  Multi-Tenant Office Campus

  Multi-tenant office campus on a wooded site, offered for sale in NE Cedar Rapids.

  4211 Glass Road NE, Cedar Rapids, IA 52402

  View Details
• 

  $850,000

  5,935 SF

  Multi-Use Commercial Facility

  Enclosed flex facility combines office, warehouse, and multipurpose sports/recreation space on fenced grounds.

  1620 W Post Rd SW, Cedar Rapids, IA 52404

  View Details
• 

  $825,000

  4,836 SF

  Modern Office Building with Private Office

  Newer office space with a wide-open layout, private office, and separate restrooms for staff and clients.

  450 Colton Circle NE, Cedar Rapids, IA 52402

  View Details
• 

  $2,000,000

  37,336 SF

  Neighborhood Retail Center with Dollar General

  Three-building retail center offering updated roofs and established tenants in a high-traffic Cedar Rapids area.

  151 Jacolyn Drive NW, Cedar Rapids, IA 52405

  View Details
• 

  $850,000

  8,474 SF

  Flex Industrial Warehouse with Office

  Well-maintained flex warehouse includes a clear-span warehouse, two-level office, and paved outdoor storage yard.

  1402 18th Street SW, Cedar Rapids, IA 52404

  View Details
• 

  $475,000

  4,140 SF

  Live-Work Office Building

  Multi-level building offers Class A office space plus partially renovated residential and office/education areas with separate entrances.

  2919 1st Ave SE, Cedar Rapids, IA 52403

  View Details
• 

  $2,250,000

  28,472 SF

  Multi-Tenant Office Campus

  Well-maintained multi-tenant office campus on a wooded site with convenient access to Cedar Rapids amenities.

  4211 Glass Rd NE, Cedar Rapids, IA 52402

  View Details
• 

  $2,000,000

  37,336 SF

  Cedar Hills Retail Center

  Multi-building retail center on 4.77 acres in a high-traffic Cedar Rapids corridor anchored by Dollar General.

  151 Jacolyn Drive NW, Cedar Rapids, IA 52405

  View Details
• 

  $350,000

  5,524 SF

  Multi-Use Commercial Investment Opportunity

  Commercial property with shop, apartment, and storage space.

  901 Oakland Road NE, Cedar Rapids, IA 52402

  View Details
• 

  $799,950

  3,470 SF

  Turn-Key Restaurant/Bar with Drive Thru

  Fully equipped restaurant/bar with drive-thru on high-traffic corner.

  1519 6th Street SW, Cedar Rapids, IA 52404

  View Details
• 

  $1,122,000

  16,800 SF

  Downtown Flex Building with Billboard

  Two-story facility with showroom, office, warehouse, and basement storage plus ceiling heights from 11 to 25 feet.

  724 3rd Avenue SE, Cedar Rapids, IA 52401

  View Details
• 

  $1,445,000

  10,258 SF

  Commercial Office Building

  Office building for sale on a 1.04-acre site with approximately 10,258 square feet and Comm zoning.

  4820 Armar Drive SE, Cedar Rapids, IA 52403

  View Details

FAQs

What type of property is this?

Mixed-use property - Mixed-use building with a street-level barbershop and a second-floor 3-bedroom, 1-bath apartment with in-unit laundry.

Where is this mixed-use property located?

The property is located at 423 5th St NW Cedar Rapids, IA.

What are key features of this property?

This property features: Mixed‑use building with a street‑level barbershop and a second‑floor 3‑bedroom, 1‑bath apartment; Apartment includes in‑unit laundry; Barbershop and apartment are leased, creating a gross leased investment opportunity