3412 1St Ave Cedar Rapids, IA 52402
- Day care centers
- 1,660 SF
Current Use by Public Records
- Ron Weber Urethane Insulation / Roofing Contractor
Property Details for 3412 1St Ave
- Year built
- 1940
- Property size
- 1,660 SF
- Property type
- Day care centers
- Property subtype
- Retail space
- APN
- 14112-27025-00000; 14113-2704-00000; 14113-27023-00000; 14113-27022-00000
Description
This exceptional investment opportunity in Cedar Rapids, Iowa, presents a unique blend of commercial and residential properties. The offering encompasses four parcels totaling 28,213 square feet, featuring a 1,660 square foot vacant storefront previously used as a daycare and wine house situated at 3412 1st Ave NE. This building, constructed in 1940, is part of a mixed-use zoning designation (Traditional Mixed Use Center). Two additional parcels contain investment rental houses currently leased to tenants, providing immediate income potential. A fourth parcel is a vacant lot, offering further development possibilities. The property boasts excellent visibility and accessibility, directly off 1st Avenue NE, with ample off-street parking. The high-traffic location, averaging over 20,900 vehicles daily, ensures strong potential for future growth and profitability. The asking price is $429,000, with a price per square foot of $258.43. The property's APN numbers are 14112-27025-00000
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Cedar Rapids
- County
- Linn
- State
- Iowa
- Longitude
- -91.63510385
- Latitude
- 42.01261721
