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    4840 1St Ave Cedar Rapids, IA 52402

    For Lease
    $21 SF/Yr

    Cedar Rapids prime retail location, high traffic.

    Lot size:
    43,581 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional retail opportunity is located at 4840 1st Ave NE in Cedar Rapids, Iowa, within the highly visible Lindale Crossing power center. Built in 2000, this property boasts a total of 43,581 square feet, with 27,306 square feet currently available for lease. Spaces are divisible to a minimum of 2,250 square feet and can accommodate contiguous spaces up to 25,056 square feet, offering flexibility for various retail concepts. The center enjoys a strategic location at a high-traffic intersection in Cedar Rapids, experiencing 23,100 cars daily on First Avenue and 19,100 cars daily on Collins Road, ensuring significant visibility and customer exposure. Benefit from prominent signage along First Avenue. Lindale Crossing is anchored by established national tenants including Bed Bath & Beyond and PetSmart, and is complemented by a diverse mix of successful businesses such as Starbucks, Bruegger's Bagels, Orange Leaf Frozen Yogurt, H&R Block, Orangetheory Fitness, and Siebke-Hoyt Jewelers. The landlord is offering tenant improvement allowances for qualified tenants. This property presents a unique opportunity to establish or expand your retail presence in a thriving Cedar Rapids location. The property is located in Linn County, Iowa, zip code 52402.

    Property Features for 4840 1St Ave

    General Information

    Property type
    Power centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    43,581 SF
    Total Rate
    76266.75

    Building Details

    Year Built
    2000

    Unit(s) available at that property

    Space
    4854 1st Ave NE
    Size
    2,250 SF
    Rate per SF
    $21
    Space
    4840 1st Ave NE
    Size
    25,056 SF

    HighLights

    • 43,581 SF retail space available for lease in Cedar Rapids, IA's Lindale Crossing power center.
    • 27,306 SF currently available, divisible to 2,250 SF minimum.
    • High‑traffic location with 23,100+ cars daily on 1st Ave and 19,100+ on Collins Rd.
    • Prominent signage available along 1st Avenue.
    • Strong co‑tenancy including Bed Bath & Beyond, PetSmart, Starbucks, and more. Tenant improvement allowances available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Harbor Freight Tools Hardware Store Reclaimed Wood Cedar ... Architectural Salvage Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Rapids
    County
    Linn
    State
    Iowa
    Longitude
    -91.6204767
    Latitude
    42.027358

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    FAQs

    What type of property is this?
    Power center - Cedar Rapids prime retail location, high traffic.
    Where is this power center located?
    The property is located at 4840 1St Ave Cedar Rapids, IA.
    What is the lease rate?
    The lease rate is $0.00-$21 SF/Yr.
    What are key features of this property?
    This property features: 43,581 SF retail space available for lease in Cedar Rapids, IA's Lindale Crossing power center.; 27,306 SF currently available, divisible to 2,250 SF minimum.; High-traffic location with 23,100+ cars daily on 1st Ave and 19,100+ on Collins Rd.
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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
    4840 1St Ave Cedar Rapids, IA 52402
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