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Property profile

0 42Nd St Cedar Rapids, IA 52411

OFF-MARKET
Specialty properties
12,840 SF Built 1998
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Property summary

AI-generated overview

This exceptional 12,840-square-foot retail property, located at 4650 42nd St NE in Cedar Rapids, Iowa, presents a unique investment opportunity. Situated on a generous 1.65-acre lot, the single-story building was constructed in 1998 and is currently vacant. The property's zoning is Suburban Mixed Use Regional Center, offering flexibility for a variety of uses. Previously utilized as a childcare center, the building boasts numerous features ideal for a range of businesses. These include abundant on-site parking, multiple large rooms suitable for various purposes, a multi-purpose gym space, a reception area, and an existing playground. The building's layout and amenities provide a solid foundation for a new tenant or owner to adapt the space to their specific needs. The property is located in Linn County, Iowa, with easy access to major roadways and a thriving community. This is a rare opportunity to acquire a substantial, well-located property with significant potential for redevelopment or immediate occupancy. The property is available for sale or lease. A concept site plan is available.

Property profile

Verified
Property type Specialty properties
Year built 1998
Total area 12,840 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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