1101 J NE Ave Cedar Rapids, IA 52402-3830
This exceptional investment opportunity in Cedar Rapids, Iowa, presents a 4,136 square foot flex space ideally situated on a 0.34-acre lot at 1101 J Ave NE. Boasting prime visibility adjacent to I-380, this property benefits from daily traffic counts exceeding 35,000 vehicles on the northbound lanes, ensuring maximum exposure. The building, constructed in 1987 and extensively renovated in 2023, features a single story with a permitted T-IM zoning. The property includes a 2,300 square foot warehouse with 15-foot ceilings, two overhead doors, a mezzanine level, and ample shelving, perfect for storage and distribution needs. The 1,836 square foot office space complements the warehouse, offering 10-foot ceilings, a large reception area, three private offices, a conference room, a small kitchen, a storage room, and two restrooms. This versatile property is currently vacant and offered at $575,000, translating to $139.02 per square foot. The property's location, recent renovations, and ample space make it an attractive investment for a variety of businesses. The APN is 14164-28005-00000. This is a for sale by owner property.
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Cedar Rapids Construction & Remodeling Construction Company
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
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Property description
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