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Property profile & analytics
OFF-MARKET
Office Spaces

1535 1St Ave Cedar Rapids, IA 52402

5,300 SF Built 1934
Property ID
Property summary
AI-generated overview

This 5,300 square foot Class B medical office building in Cedar Rapids, IA, is available for $375,000. Located at 1535 1st Ave SE, this vacant property boasts excellent visibility on a high-traffic street (over 17,000 cars daily) and features 12 off-street parking spaces at the rear. Built in 1934, the building is fully ADA compliant, including zero entry with an automatic door opener, five ADA restrooms (two with showers), and a laundry room with two washers and two dryers. The interior includes seven private offices, a large conference room, a reception and waiting area, and a 1,260 square foot lower level for storage. High-speed fiber optic internet and a server room are also included. The property is zoned commercial and has a total of 5,300 square feet, with a price per square foot of $70.75. Several large rooms offer flexibility for customization to meet specific business needs. This well-maintained property presents a fantastic opportunity for medical or professional practices seeking a move-in ready space. The APN is 14222-77012-00000.

Property profile
Verified
Property type Office Spaces
Year built 1934
Total area 5,300 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Linn County VA Clinic Medical Clinic
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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