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Property profile & analytics
OFF-MARKET
Manufacturing properties

2121 Towne NE Ln Cedar Rapids, IA 52402-2020

28,800 SF 1.65 ac lot Built 1967
Individually Owned 15-yr Hold ~ Est. High Equity
Property ID
US25-0173291
Property summary
AI-generated overview

This exceptional industrial property, located at 2121 N Towne Ln NE in Cedar Rapids, Iowa, presents a prime opportunity for businesses seeking warehouse and distribution space. The North Towne Warehouse, built in 1967, offers a total of 28,800 square feet across a single suite within a 1.65-acre lot. Currently, 8,642 square feet of warehouse space is immediately available for lease. The space includes convenient features such as two dock-high doors, facilitating efficient loading and unloading of goods. The property's location in Linn County, Iowa, provides easy access to major transportation routes, making it an ideal location for distribution operations. The building's industrial classification and warehouse/distribution subtype cater to a wide range of businesses. The available space is part of a larger, single-suite building, offering potential for expansion or consolidation depending on tenant needs. The property's zoning and permitted uses should be verified independently. This is a rare opportunity to secure a well-located, functional warehouse space in a thriving Iowa market. The address is 2121 N Towne Ln NE, Cedar Rapids, IA 52402. The property features a small office area within the warehouse space. In addition to the dock-high doors, there are also two overhead doors.

Property profile
Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1967
Total area 28,800 SF
Lot 1.65 ac (71,874 SF)
APN 14-04-2-76-005-0-0000
UPID US25-0173291
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
  • Muslim American Society MAS Iowa Mosque
  • Aero Mayflower Transit Agency Moving Company
  • 5 seasons upholstery and furniture Furniture & Home Goods
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Muslim American Society · 15 yrs held
Muslim American Society
since 2011
6 recorded transactions
2011
$709,000
2011
Price N/A
2009
$708,634
2009
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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