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Mixed-Use Building with Apartment

901 Oakland Road Ne, Cedar Rapids, IA 52402

For Lease
$335,000

Two-level configuration combines a leased shop, an updated apartment, storage, and a full basement.

Space SizeContact for details
Days on Market55

Property Features for 901 Oakland Road Ne

General Information

Standard status Active
Property subtype Commercial
Zoning Tmixed

Building Details

Year Built 1913
Stories 2
Listing Agency: RE/MAX CONCEPTS
Listed By: Chad Gloede · License IA #61723000
Source: Q4realestate
Added: Sep 16 Changed: Oct 27 Last Checked: Nov 8 at 2:19AM

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 RE/MAX CONCEPTS

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Investment Insights

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This mixed-use property at 901 Oakland Road NE in Cedar Rapids combines a main-level shop with an updated two-bedroom apartment above. The shop is leased through 2029, while the apartment is currently rented. Additional storage occupies the rear portion of the shop and apartment areas, and the property includes a full basement suitable for storage or workspace.

Recent improvements include a 2025 parking lot, refreshed siding, new electrical throughout, and a 2025 furnace serving the main-level shop. Storefront work includes repainting, awning renovation, a new stoop, planter removal, a new front door, and an updated display window frame. Multiple bathrooms have also been updated, and water heaters were replaced in 2013 and 2019. The property is zoned Tmixed.

Key Highlights

  • Main‑level shop leased through 2029
  • Updated 2‑bedroom apartment above the shop
  • Full basement plus rear storage areas

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Kevin's A-1 Vacuum Home Appliance Store

Suggested Use

Top Pick Real Estate Agency Bakery HVAC Service Furniture & Home Goods Electrical Service Acupuncture

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

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

495
Businesses Nearby

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

Lease Benchmarks for Cedar Rapids, IA

$15.59 /SF/Yr
Avg Asking Price
$6–$21 /SF/Yr
Price Range
88,896 SF
Avg Space Size

Properties on Market for Mixed-use properties in Cedar Rapids

Jul
Aug
Sep
Oct

Vacancy Rate% for Retail in Midwest region

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

Frequently Asked Questions

What type of property is this?
Mixed-use property - Two-level configuration combines a leased shop, an updated apartment, storage, and a full basement.
Where is this mixed-use property located?
The property is located at 901 Oakland Road Ne Cedar Rapids, IA.
What is the lease rate?
The lease rate is $335,000.
What are key features of this property?
This property features: Main‑level shop leased through 2029; Updated 2‑bedroom apartment above the shop; Full basement plus rear storage areas
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