4201 Glass Rd Cedar Rapids, IA 52402
- Medical offices
- 7,360 SF
- 1.64 lot acres
Current Use by Public Records
- LPI Loans / Loan Agency
- Hammerberg Robert / Insurance Agency
- Brown Aaron / Insurance Agency
Property Details for 4201 Glass Rd
- Year built
- 1992
- Lot size
- 1.64 lot acres
- Property size
- 7,360 SF
- Property type
- Medical offices
- Property subtype
- Medical centers
- APN
- 14-07-1-80-014-0-0000
- APU
- 140718001400000
Description
This exceptional 7,360-square-foot multi-tenant office building in Cedar Rapids, Iowa, is offered for sale at $825,000. The Class B property, built in 1992 and situated on a 1.64-acre lot, features two units currently at 100% occupancy with a mix of medical and traditional office tenants. The building boasts 44 parking spaces and is conveniently located near major transportation routes. Suite A has recently undergone improvements. One tenant, Cedar Rapids Pain Associates, occupies 4,106 square feet under a NNN lease at $11.75 per square foot, extending through January 31, 2025. The second tenant, LPI Loans, occupies 3,254 square feet. The property includes an outdoor patio area overlooking a wooded lot. The zoning is T-ML. This presents a strong investment opportunity for an owner-user or investor seeking a stable income stream. The property is a single-story building with a total of two units. The sale is a For Sale By Owner transaction.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Cedar Rapids
- County
- Linn
- State
- Iowa
- Longitude
- -91.6997
- Latitude
- 42.0161
- CBSA code
- 16300
- CBSA name
- CEDAR RAPIDS, IA METROPOLITAN STATISTICAL AREA
