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    FOR SALE
    Warehouses

    941 66Th Ave SW, Cedar Rapids, IA 52404

    24,766 SF 4.13 ac lot Built 1977
    Entity Owned 10-yr Hold ~ Est. High Equity
    Property ID
    US25-0304612
    Property summary
    AI-generated overview

    This exceptional 24,766-square-foot industrial warehouse, situated on a generous 4.13-acre lot in Cedar Rapids, Iowa, presents a compelling investment opportunity. Built in 1977 and zoned for light industrial use, the property boasts a single-tenant occupancy and is currently entirely vacant, offering immediate possession. The building features an impressive array of 16 overhead doors, with dimensions ranging from 14x16 feet to 12x14 feet. Seven of these doors are conveniently configured as drive-through bays, enhancing operational efficiency. Additional features include a wash bay, a service counter, dedicated office space, valuable mezzanine storage, a parts room, and ample on-site parking for employees and visitors. A significant advantage is the approximately 2.0 acres of vacant land located on the south side of the building, providing substantial potential for expansion, outdoor storage, or the construction of an additional structure. The seller is flexible regarding the possession date, as the current business is relocating in 2025. This property's combination of size, features, and land availability makes it an attractive prospect for a wide range of industrial businesses seeking a well-equipped and strategically located facility in Cedar Rapids, IA, zip code 52404.

    Property profile
    Verified
    Property type Warehouses
    Use group WAREHOUSE, STORAGE
    Year built 1977
    Construction STEEL FRAME
    Total area 24,766 SF
    Lot 4.13 ac (179,903 SF)
    APN 19-17-1-53-001-0-0000
    UPID US25-0304612
    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
    • ATC Auto Truck Center Inc. Auto Repair Shop
    • ATC Collision Center Auto Repair Shop
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $500k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $893k
    Blend (final) Blend
    $710k
    Owner & transaction history
    941 Rec LLC · 10 yrs held
    941 Rec LLC
    since 2016
    6 recorded transactions
    2025
    2025
    2016
    2006
    2006
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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