3939 1St Ave SE Cedar Rapids, IA 52402
Property profile & analytics
3939 1St Ave SE, Cedar Rapids, IA 52402
- Turn key restaurants
- 7,329 SF
- 1.62 lot acres
Property ID
US25-0185991
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Turn key restaurants
Property Details for 3939 1St Ave SE
- Year built
- 1984
- Lot size
- 1.62 lot acres
- Property type
- Turn key restaurants
- APN
- 14-11-2-04-007-0-0000
- APU
- 141120400700000
Description
This exceptional 7,329 square foot restaurant building, located at 3939 1st Ave SE in Cedar Rapids, Iowa, presents a unique investment opportunity. Situated on a 1.62-acre lot, this single-story, 1984-built property boasts high visibility due to its location on a lighted intersection. Formerly occupied by Outback Steakhouse, the building is offered as a turnkey restaurant or presents significant redevelopment potential. The property benefits from abundant on-site parking and easy access, making it highly attractive to a variety of businesses. Its strategic location, just blocks from Lindale Mall and the Northeast retail hub, and approximately 8 minutes from downtown Cedar Rapids, ensures high traffic volume. The property's Suburban Mixed Use Community Center zoning (APN: 14112-04007-00000) offers flexibility for various uses. Iowa Department of Transportation data indicates nearly 20,000 vehicles pass this location daily. The asking price is $995,000. This property is an excellent opportunity for investors seeking a high-traffic, well-located commercial property in a thriving Cedar Rapids neighborhood. The zip code is 52401, and the property is in Linn County.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $556,000
Market price range: $443k - $866k
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Cedar Rapids
- County
- Linn
- State
- Iowa
- Longitude
- -91.6317
- Latitude
- 42.0189
- CBSA code
- 16300
- CBSA name
- CEDAR RAPIDS, IA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$49,170
$648,000
$767,400
$1,415,400
-
$648,000
$767,400
$1,415,400
