2350 Edgewood RdCedar Rapids, IA 52404

Property Details for 2350 Edgewood Rd

Year built

1979

Lot size

0.60 AC

Property size (Sq ft)

3,117 SF

Property type

Retail properties

Property subtype

Drive through restaurants

APN

13-36-4-01-028-0-0000

APU

133640102800000

Description

This exceptional 4,307-square-foot restaurant space at 2350 Edgewood Rd SW in Cedar Rapids, Iowa, presents a unique investment opportunity. Located in a suburban mixed-use regional center, this single-tenant property boasts high visibility along Edgewood Rd SW. Built in 1979 and extensively renovated in 2020, the building sits on a 0.6-acre lot and features a two-story design. The main floor encompasses 2,851 square feet, while the mezzanine level adds another 1,456 square feet, perfect for offices or additional seating. A lower level provides 1,484 square feet of bonus space ideal for storage and food preparation. The property includes existing furniture, fixtures, and equipment (FF&E), a digital drive-through system with a drive-through window, a retail counter, restrooms, and ample seating for 60 inside and 20 outside. The zoning is Suburban Mixed Use Regional Center, and the Linn County APN is 13364-01028-00000. A tenant improvement allowance may be available for qualified tenants and lease terms. This property is currently vacant and available for both sale and lease. Please note that reciprocal easement agreements are in place. Detailed information on the FF&E and easement agreements is available upon request. This is a turnkey opportunity for a restaurant operator seeking a well-equipped, high-traffic location in a thriving Cedar Rapids neighborhood. The property's zip code is 52404.

• CAP approach

  CAP return

  Valuation

  6%

  $754,246

  6.5%

  $696,227

  7%

  $646,497

• Comparable approach

  Method

  Valuation

  Relative Method

  $400,911

  Geo Method

  $400,911

• Alternative Use

  Use

  Valuation

  Residential

  $587,294

  Hospitality

  $537,958

  Educational

  $447,575

  Medical

  $462,967

  Retail

  $696,227

Location Insight

City

Cedar Rapids

County

Linn

State

Iowa

Latitude

41.9547

Longitude

-91.7167

CBSA code

16300

CBSA name

CEDAR RAPIDS, IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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