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    2727 1St Ave Cedar Rapids, IA 52402

    For Lease
    $10 SF/Yr ($7,504 /Mo)

    8,576 SF Medical Office - For Sale/Lease

    Lot size:
    8,576 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This 8,576 square foot medical office building in Cedar Rapids, Iowa, is available for sale or lease. Located at 2727 1st Ave SE, this single-tenant property boasts a split-foyer design, offering versatile space ideal for various medical practices. Previously configured as a periodontic clinic on the lower level and two dental suites upstairs (one a general dentistry practice), the building features a well-updated orthodontist suite with modern finishes. The property sits on a 0.76-acre lot and benefits from excellent visibility with over 100 feet of frontage on 1st Avenue SE, providing high traffic exposure with nearly 20,000 vehicles passing daily. Ample parking is available with 54 spaces, accessible from both 1st Avenue and 2nd Avenue SE. Built in 1972, the building is zoned for Traditional Mixed-Use Center use within Linn County. The entire 8,576 square feet is currently vacant, presenting a unique opportunity for a medical practice seeking a prominent location with substantial space and parking. This prime Cedar Rapids location offers a blend of convenience and high visibility, making it an attractive investment opportunity. The property's size, layout, and location make it a highly desirable asset in a thriving market.

    Property Features for 2727 1St Ave

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    8,576 SF
    Total Rate
    7504

    Building Details

    Year Built
    1972

    Unit(s) available at that property

    Space
    Size
    8,576 SF
    Rate per SF
    $10

    HighLights

    • 8,576 SF medical office building available for lease.
    • 54 on‑site parking spaces.
    • High traffic count exceeding 19,999 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
    -91.6343707
    Latitude
    42.0042122

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    FAQs

    What type of property is this?
    Medical office - 8,576 SF Medical Office - For Sale/Lease
    Where is this medical office located?
    The property is located at 2727 1St Ave Cedar Rapids, IA.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    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 exceeding 19,999 vehicles per day.
    Request Owner's contact information
    2727 1St Ave Cedar Rapids, IA 52402
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    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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