3611 1St Ave Cedar Rapids, IA 52402
- Lifestyle centers
- 76,151 SF
- 7.00 lot acres
Current Use by Public Records
- Vino's Ristorante / Italian Restaurant / Bar
- R G Books Lounge / Restaurant / Bar
Property Details for 3611 1St Ave
- Year built
- 1956
- Lot size
- 7.00 lot acres
- Property size
- 76,151 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional investment opportunity presents the Town & Country Shopping Center, a well-situated retail and office property in Cedar Rapids, Iowa. Located at 3611 1st Ave SE, 52402, this Class C shopping center boasts a total of 76,151 square feet across a single, two-story building constructed in 1956. The property sits on a substantial 7-acre lot (304,920 square feet) and is zoned C-2. Ample parking is available with 520 spaces. The center features a mix of retail and office spaces, with multiple configurations available for lease, ranging from a minimum of 589 square feet to a maximum contiguous space of 7,548 square feet. Currently, 11,369 square feet is vacant. Ceiling heights range from 11 to 14 feet. The property benefits from its strategic location near the Collins Road/1st Avenue retail hub, downtown Cedar Rapids, and convenient access to I-380. Its walkable design and prominent position on heavily traveled 1st Avenue SE provide excellent visibility and accessibility. The property's APN is 141125100100000. This is a rare opportunity to acquire a well-established shopping center in a thriving Iowa market. The property is anchored by Fareway Grocery and Dollar Tree, ensuring a steady stream of foot traffic.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Cedar Rapids
- County
- Linn
- State
- Iowa
- Longitude
- -91.633606
- Latitude
- 42.01593
