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    FOR LEASE
    Quadplexes

    1569 1St Ave SE Cedar Rapids, IA 52402

    4,228 SF Built 1905
    Property ID
    US25-0358456
    1569 1St Ave SE, Cedar Rapids, IA 52402 For Lease 1 / 31
    $249,900 SF/Yr 4,228 SF available
    1569 1St Ave SE, Cedar Rapids, IA 52402
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    Property summary
    AI-generated overview

    Versatile mixed-use property in a high-traffic, central location with strong income potential. The front features a well-maintained commercial space with a finished basement, previously used as a salon and café, complete with plumbing, salon sinks, and a private restroom. The lower level includes kitchen space, ideal for a coffee shop, retail store, office use, or other business ventures. The rear of the building offers four updated residential 1 bedroom units, two currently leased, providing immediate income with additional upside. Units feature new flooring and fresh paint for modern appeal. Private rear parking adds convenience for tenants and customers. A flexible layout and prime location make this an excellent opportunity for investors or owner-occupants seeking both business and rental potential. Contact Agent for more information!

    Property profile
    Verified
    Property type Quadplexes
    Year built 1905
    Total area 4,228 SF
    UPID US25-0358456
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Jackie's stop Restaurant
    • Tasha's Hair Salon Hair Salon Nail Salon
    2 occupants on record
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    1569 1St Ave SE, Cedar Rapids, IA, 52402
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