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    2727 1St Ave Cedar Rapids, IA 52402

    For Sale
    $795,000

    8,576 SF Medical Office, High Traffic Area

    Property size:
    8,576 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 8,576-square-foot medical office building in Cedar Rapids, Iowa, presents a compelling investment opportunity. Located at 2727 1st Ave SE, this two-story, 1972-built property boasts a prime location with nearly 20,000 vehicles passing daily. The building features a split-foyer design and ample parking with 54 spaces, accessible from both 1st Ave and 2nd Ave SE. The property sits on a 0.76-acre lot and is zoned for Traditional Mixed-Use Center development. Currently configured as a medical facility, the building includes a lower level previously used as a periodontic clinic and an upper level with two suites – one a well-updated orthodontic practice and the other a former general dental practice. The asking price is $795,000, translating to $92.70 per square foot. The property is offered as a sale by owner with a NNN lease type. This high-visibility location, combined with its existing medical tenant setup and substantial parking, makes this a rare opportunity for investors seeking a strong return in a thriving Cedar Rapids market. The property's APN is 14142-29018-00000. Over 100 feet of frontage on 1st Ave provides excellent visibility and accessibility.

    Property Features for 2727 1St Ave

    General Information

    Property type
    Medical offices
    Square Feet
    8,576 SF
    Lot Size
    33,106 SF

    Building Details

    Year Built
    1972
    Buildings
    1
    Stories
    2

    HighLights

    • 8,576 SF medical office building available for lease.
    • 54 on‑site parking spaces.
    • High traffic count of approximately 20,000 vehicles per day.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dr. Jerry W. ... Dental Implants Periodontist Dr. Clayton Parks, ... Orthodontist Parks, Schmit, & Fuller ... Orthodontist Jason Schmit Orthodontist Jessica Fuller Dentist

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Rapids
    County
    Linn
    State
    Iowa
    Longitude
    -91.634863637759
    Latitude
    42.004241844586

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    FAQs

    What type of property is this?
    Medical office - 8,576 SF Medical Office, High Traffic Area
    Where is this medical office located?
    The property is located at 2727 1St Ave Cedar Rapids, IA.
    What is the asking price?
    The asking price for this property is $795,000.
    What are key features of this property?
    This property features: 8,576 SF medical office building available for lease.; 54 on-site parking spaces.; High traffic count of approximately 20,000 vehicles per day.
    Request Owner's contact information
    2727 1St Ave Cedar Rapids, IA 52402
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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
    2727 1St Ave Cedar Rapids, IA 52402
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