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Property profile & analytics
FOR LEASE
Lifestyle centers

3611 1St Avenue Brg SE 23&24 Cedar Rapids, IA 52401

76,151 SF 7 ac lot Built 1956
Property ID
US25-0266881
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Lifestyle centers
Year built 1956
Total area 76,151 SF
Lot 7 ac (304,920 SF)
UPID US25-0266881
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
  • Vino's Ristorante Restaurant
  • R G Books Lounge Restaurant
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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