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    941 66Th Ave Cedar Rapids, IA 52404

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    For Lease
    Contact for pricing

    Spacious industrial warehouse, ideal for various uses.

    Lot size:
    24,766 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    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 and zoned for light industrial use, the property boasts a single-tenant occupancy and is currently entirely vacant, offering immediate possession. The building features an impressive array of 16 overhead doors, with dimensions ranging from 14x16 feet to 12x14 feet. Seven of these doors are conveniently configured as drive-through bays, enhancing operational efficiency. Additional features include a wash bay, a service counter, dedicated office space, valuable mezzanine storage, a parts room, and ample on-site parking for employees and visitors. A significant advantage is the approximately 2.0 acres of vacant land located on the south side of the building, providing substantial potential for expansion, outdoor storage, or the construction of an additional structure. The seller is flexible regarding the possession date, as the current business is relocating in 2025. This property's combination of size, features, and land availability makes it an attractive prospect for a wide range of industrial businesses seeking a well-equipped and strategically located facility in Cedar Rapids, IA, zip code 52404.

    Property Features for 941 66Th Ave

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    24,766 SF

    Building Details

    Year Built
    1977

    Unit(s) available at that property

    Space
    Available space
    Size
    24,766 SF

    HighLights

    • 16 overhead doors, including 7 drive‑through bays.
    • 2‑acre vacant land ideal for outdoor storage.
    • Prime location, roughly 1.5 miles from Highway 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
    -91.6824201
    Latitude
    41.9137787

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    FAQs

    What type of property is this?
    Distribution property - Spacious industrial warehouse, ideal for various uses.
    Where is this distribution property located?
    The property is located at 941 66Th Ave Cedar Rapids, IA.
    What are key features of this property?
    This property features: 16 overhead doors, including 7 drive-through bays.; 2-acre vacant land ideal for outdoor storage.; Prime location, roughly 1.5 miles from Highway 30 and I-380.
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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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