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Property profile & analytics
OFF-MARKET
Bars & Pubs

301 2nd SW Ave Cedar Rapids, IA 52404-2002

3,558 SF 0.09 ac lot Built 1956
Entity Owned 13-yr Hold Absentee Owner Free & Clear
Property ID
US25-0351982
Property summary
AI-generated overview

This exceptional 3,558-square-foot creative office space is available for lease in Cedar Rapids, Iowa's vibrant Kingston Village District. Located at 301 2nd Avenue SW, this single-tenant property boasts a desirable location adjacent to the Kingston Yard, a $100 million mixed-use development. Built in 1956, the building features a single story with a ceiling height ranging from 7 to 10 feet. The open floor plan is enhanced by abundant natural light from multiple large windows. Ample off-street paved parking is conveniently located at the rear of the building. The property sits on a 0.092-acre lot (4,020 square feet) and is zoned U-NG. The Linn County property (APN 14282-39001-00000) offers immediate possession. A 36-month minimum lease is required, with lease rates subject to annual increases. This unique property provides a prime opportunity to establish a presence in a thriving, high-traffic area, benefiting from the synergy and foot traffic generated by the adjacent Kingston Yard development. The property is conveniently located off I-380 in the heart of downtown Cedar Rapids, offering easy access to major transportation routes. The property is classified as Retail, Office, and Special Purpose.

Property profile
Verified
Property type Bars & Pubs
Use group BAR, TAVERN
Year built 1956
Total area 3,558 SF
Lot 0.09 ac (3,920 SF)
APN 14-28-2-39-001-0-0000
UPID US25-0351982
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
  • The Lucky Cat Nightclub Theater & Performing Art Venue
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
City Of Cedar Rapids Ia · 13 yrs held
City Of Cedar Rapids Ia
since 2012
5 recorded transactions
2016
Price N/A
2012
$185,000
2012
$70,000
2009
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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