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    Property profile & analytics
    OFF-MARKET Estimated value $600,000
    Strip malls

    1940 Blairs Fry Rd, Hiawatha, IA 52233-2075

    20,669 SF 3.46 ac lot Built 2018
    Entity Owned 2-yr Hold Free & Clear
    Property ID
    US25-2402974
    Property summary
    AI-generated overview

    This exceptional 7,646 square foot commercial property, located at 1940 Blairs Ferry Road #Lot 1B #102 in Hiawatha, Iowa, offers flexible office space ideal for various businesses. Built in 2018, the building boasts high ceilings ranging from 11 to 14 feet, providing a spacious and modern feel. The property is currently fully vacant and available for lease, with a minimum divisible space of 932 square feet and a maximum contiguous space of 2,529 square feet. Multiple tenancy options are available within this versatile space, suitable for traditional or executive office uses, as well as retail or restaurant concepts. Situated on a 19-acre lot within Peck's Landing, a master-planned retail power center, this location offers excellent visibility at the intersection of Blairs Ferry Road and Edgewood Road NE. The property benefits from easy access to I-380 and Highway 100/Collins Road extension, and is conveniently located across from a rapidly expanding residential and commercial sub-market in Cedar Rapids, boasting the highest household income in the metro area. The property is zoned C-3 and is located in Linn County, Iowa, zip code 52233. This prime location and flexible space make it an excellent opportunity for businesses seeking high visibility and convenient access.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 2018
    Total area 20,669 SF
    Lot 3.46 ac (150,718 SF)
    APN 14-06-1-04-001-0-0000
    UPID US25-2402974
    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
    • UnityPoint Clinic - Express (Peck's Landing) Medical Clinic
    • Carly Roskop, NP Physician
    • Rachel Blackford, ARNP Physician
    • Mackenzie J. VanRees, PA-C Physician
    • Tamara Meier, ARNP Physician
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $480k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $600k
    Owner & transaction history
    Brakes Plus LLC · 2 yrs held
    Brakes Plus LLC
    since 2023
    Last sale
    $700,000
    6 recorded transactions
    2023
    $700,000
    2022
    2018
    2018
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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