151 1St AveCedar Rapids, IA 52404
- Other commercial real estate
- 0.66 AC
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














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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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