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Property profile

0 42Nd St Cedar Rapids, IA 52411

OFF-MARKET
Day care centers
12,840 SF 1.65 ac lot Built 1998
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Property summary

AI-generated overview

This exceptional 12,840-square-foot commercial property, situated on a 1.65-acre lot in Cedar Rapids, Iowa, presents a unique investment opportunity. Built in 1998, the single-story building is zoned for Suburban Mixed Use Regional Center use and boasts ample parking, making it ideal for a variety of uses. Previously utilized as a daycare center, the property features multiple large rooms, a multi-purpose gym space, a reception area, and an existing playground. The layout is adaptable, offering potential for continued use as a daycare or for repurposing into another suitable business. The asking price is $1,995,000, translating to $155.37 per square foot. The property's convenient location in Cedar Rapids, at 4650 42nd St NE, zip code 52411, within Linn County, ensures excellent visibility and accessibility. Its spacious design and versatile functionality make it an attractive prospect for entrepreneurs seeking a ready-to-use or easily adaptable commercial space. The substantial lot size provides ample room for expansion or additional development. This property offers a compelling blend of functionality, location, and potential, making it a strong contender for a variety of commercial ventures. The building's existing infrastructure, including the playground, could significantly reduce start-up costs for a suitable business. Serious inquiries are encouraged.

Property profile

Verified
Property type Day care centers
Year built 1998
Total area 12,840 SF
Lot 1.65 ac (71,874 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

42Nd St Cedar Rapids, IA 52411
Cedar Rapids metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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