151 1St AveCedar Rapids, IA 52404

  • Other commercial real estate
  • 0.66 AC
For Lease
$6/SF/YR View listing

Property Details for 151 1St Ave

Lot size
0.66 AC
Property type
Other commercial real estate
APN
14-28-2-31-020-0-0000
APU
142823102000000

Description

This Class A, five-story retail building at 151 1st Ave SW in Cedar Rapids, IA, offers 100,000 square feet of versatile space, perfect for restaurants and boutiques. Located within the Kingston Yard master-planned development in the heart of Kingston Village District, this property boasts a prime location designed to attract significant foot traffic. The building features 12 suites, ranging from 917 to 12,154 contiguous square feet, with 17,334 square feet currently vacant. Built in 2024, the property sits on a 7.7-acre lot (335,412 sq ft) and includes elevators. The "vanilla box" spaces allow for complete tenant customization, with tenant improvement allowances available for retail and office spaces. A permanent parking structure is slated for completion by Summer 2025. The property is zoned U-DC and benefits from the development's unique amenities, attracting numerous visitors annually. Base rent is subject to annual increases. This is an exceptional opportunity for businesses seeking a high-visibility location in a thriving mixed-use development. Contact for buildout specifications and details on tenant improvement allowances.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $5,416,969
    Hospitality
    $4,961,914
    Educational
    $4,128,254
    Medical
    $4,270,232
    Retail
    $6,421,729
151 1St Ave, Cedar Rapids, Iowa
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Location Insight

City
Cedar Rapids
County
Linn
State
Iowa
Latitude
41.9758
Longitude
-91.6743
CBSA code
16300
CBSA name
CEDAR RAPIDS, IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$4,362
$860,700
-
$860,700
-
$860,700
-
$860,700

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