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    941 66Th Ave Cedar Rapids, IA 52404

    Sponsored
    For Sale
    $2,500,000

    24,766 SF Industrial Building, 4.13 Acres

    Property size:
    24,766 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 24,766-square-foot industrial warehouse, situated on a generous 4.13-acre lot in Cedar Rapids, Iowa, presents a compelling investment opportunity. Built in 1977, this single-story building boasts a light industrial zoning designation and features 15-20 foot ceiling heights. The property includes 16 overhead doors—seven of which are drive-through bays—enhancing operational efficiency. Additional features include a wash bay, service counter, office space, mezzanine storage, and a parts room. Ample on-site parking is also available. Approximately two acres of vacant land adjacent to the building offer significant potential for expansion or outdoor storage. The strategic location on 66th Ave SW provides easy access to major transportation arteries, with the Highway 30 on-ramp just three minutes away and the I-380 on-ramp (via 6th St SW) five minutes away. The current business occupying the space is relocating in 2025, allowing for a negotiable possession date. The asking price is $2,500,000, translating to $100.94 per square foot. The Linn County property features APN 191715300100000. This property offers a rare combination of size, functionality, and location, making it an ideal acquisition for a variety of industrial uses.

    Property Features for 941 66Th Ave

    General Information

    Property type
    Distribution properties
    Square Feet
    24,766 SF
    Lot Size
    179,903 SF

    Building Details

    Year Built
    1977
    Stories
    1

    HighLights

    • 24,766 SF industrial warehouse on a 4.13‑acre lot in Cedar Rapids, IA.
    • 16 overhead doors, 7 drive‑through bays.
    • Over 2 acres of vacant land for expansion or storage.
    • Excellent highway access, minutes from Hwy 30 and I‑380.
    Property Profile Location Intelligence

    Current Use by Public Records

    ATC Auto Truck ... Truck Repair Shop ATC Collision Center Auto Body Shop

    Suggested Use

    Restaurant Realty agency Law Firm Wholesale Shop Building Supply Clothing Store Hotel & Motel Gym & Fitness Auto Parts Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Rapids
    County
    Linn
    State
    Iowa
    Longitude
    -91.681889322659
    Latitude
    41.91432860451

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    FAQs

    What type of property is this?
    Distribution property - 24,766 SF Industrial Building, 4.13 Acres
    Where is this distribution property located?
    The property is located at 941 66Th Ave Cedar Rapids, IA.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: 24,766 SF industrial warehouse on a 4.13-acre lot in Cedar Rapids, IA.; 16 overhead doors, 7 drive-through bays.; Over 2 acres of vacant land for expansion or storage.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    941 66Th Ave Cedar Rapids, IA 52404
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