0 42Nd St Cedar Rapids, IA 52411
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.
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
Similar Nearby for Sale
Similar Nearby for Lease
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.