0 42Nd St Cedar Rapids, IA 52411
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.