Cedar Rapids, IA Restaurants for Sale

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Updated: Jul 27

Iconic Restaurant Property

103 8th Avenue SW, Cedar Rapids, IA 52404

$299,000

1,586 sqft 0.23 AC lot

Real estate built in 1940 with frame construction
Roofing: shingle
Flooring: concrete
Sale includes the adjoining parking lot
Includes the famous recipes associated with the restaurant

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This listing looks promising.

Here's a quick look at some key insights for

103 8th Avenue SW, Cedar Rapids, IA 52404

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Est. Cap Rate

5.4%
NOI ÷ price
Est. NOI

$16K
Annual
Mortgage

$50K
Apr 2026
Last Sold

Jan 2002
$100K
Property Type

Restaurant
Built 1940

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Updated: Jul 27

Conventional Restaurant with Airplane Roof Landmark

103 8th Avenue SW, Cedar Rapids, IA 52404

$299,000

1,586 sqft

0.23‑acre lot with public water
Built in 1940 single‑story restaurant
Concrete flooring throughout
Heating and air conditioning
Display window(s) for street visibility

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Freestanding Restaurant Building

320 Collins Rd NE, Cedar Rapids, IA 52402

Contact for pricing

9,428 sqft 1.60 AC lot

Freestanding restaurant building formerly occupied by Biaggi’s, with ample parking and access along Collins Road NE.

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Freestanding Restaurant with Drive-Through

3401 E Avenue NW, Cedar Rapids, IA 52402

Contact for pricing

2,927 sqft 1.17 AC lot

Substantially built-out restaurant with commercial kitchen infrastructure and prominent on-site signage.

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Freestanding Restaurant Opportunity

320 Collins Rd Ne, Cedar Rapids, IA 52402

Contact for pricing

9,500 sqft

Freestanding restaurant building with ample parking, offered for lease or sale along Collins Road NE.

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Fast Casual Restaurant with FF&E

3200 16th Avenue Sw, Cedar Rapids, IA 52404

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Established restaurant sale includes furniture, fixtures, equipment, and build-out with favorable lease terms.

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Wine Lounge Bar Space

203 1st Ave SE, Cedar Rapids, IA 52401

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Turn-key wine lounge/bar space is available for purchase downtown Cedar Rapids.

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Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 7 Active listings in Cedar Rapids, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 65 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Leased Restaurant Condo with Kitchen

796 11th St, Marion, IA 52302

$725,000

7,619 sqft

Fully leased restaurant condo includes a catering-size kitchen, plus garage and basement space across three parcels.

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Leased Restaurant Condo Unit

796 11th St, Marion, IA 52302

Contact for pricing

4,813 sqft

Fully leased first-floor restaurant space with a catering-size kitchen and recent renovation, sold with an in-place tenant lease.

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Drive-Through Restaurant Business Sale

101 Windflower Ln, Solon, IA 52333

$75,000

1,517 sqft

Restaurant business and equipment for sale with a drive-through window, offered as a lease-assumption business opportunity.

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Drive-Through Restaurant Business

101 Windflower Ln, Solon, IA 52333

$75,000

0.03 AC lot

Business sale includes restaurant equipment and an assumable lease for the existing shopping center space.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

C-4 Commercial Land

Stamy Rd lot: 2, Hiawatha, IA 52233

$470,448

2.16 AC lot

C-4 zoning is paired with city water and sewer, natural gas, electric service, and high-speed internet.

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C-4 Commercial Development Lot

Kacena Rd lot: 15, Hiawatha, IA 52233

$428,304

2.07 AC lot

Commercial land with preliminary plat, utility access, and entry from Kacena or Anchor Roads.

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Commercial Land at Signalized Intersection

1175 Tower Terrace Rd, Hiawatha, IA 52233

$1,486,485

5.46 AC lot

Commercial land with on-site utilities and access to a prominent Hiawatha intersection near the I-380 interchange.

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C-4 Commercial Land

Tower Terrace Rd lot: 4, Hiawatha, IA 52233

$567,151

2.17 AC lot

C-4-zoned commercial land with city utilities, natural gas, electric service, and high-speed internet available.

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Off-Market Properties in Cedar Rapids, IA

Consider similar Off-Market properties in Cedar Rapids, IA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

RESTAURANT

1455 Mt Vernon SE Rd, Cedar Rapids, IA 52403-1214

$215,000

Estimated value

816 sqft 0.23 AC lot

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DRIVE-THRU RESTAURANT, FAST FOOD

2630 Williams SW Blvd, Cedar Rapids, IA 52404-1554

$765,000

Estimated value

2,467 sqft 2.63 AC lot

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RESTAURANT

3939 1st SE Ave, Cedar Rapids, IA 52402-5604

$650,000

Estimated value

7,329 sqft 1.62 AC lot

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RESTAURANT

367 Collins NE Rd, Cedar Rapids, IA 52402-3118

Value Estimation by Request

9,110 sqft 1.98 AC lot

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RESTAURANT

6905 Mt Vernon SE Rd, Cedar Rapids, IA 52403-7188

$395,000

Estimated value

6,614 sqft 1.87 AC lot

View details

DRIVE-THRU RESTAURANT, FAST FOOD

2350 Edgewood SW Rd, Cedar Rapids, IA 52404-3250

$310,000

Estimated value

3,117 sqft 0.60 AC lot

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RESTAURANT

5521 Ctr Pt NE Rd, Cedar Rapids, IA 52402-1925

$410,000

Estimated value

3,600 sqft 0.44 AC lot

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DRIVE-THRU RESTAURANT, FAST FOOD

190 Collins NE Rd, Cedar Rapids, IA 52402-3229

$10,065,000

Estimated value

3,059 sqft 1.41 AC lot

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RESTAURANT

1006 3rd SE St, Cedar Rapids, IA 52401-2304

$225,000

Estimated value

4,172 sqft 0.11 AC lot

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RESTAURANT

4444 1st NE Ave, Cedar Rapids, IA 52402-3215

$1,450,000

Estimated value

11,211 sqft 1.28 AC lot

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RESTAURANT

810 Vernon Vly Dr, Cedar Rapids, IA 52403-9003

$225,000

Estimated value

4,928 sqft 1.55 AC lot

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DRIVE-THRU RESTAURANT, FAST FOOD

3214 1st NE Ave, Cedar Rapids, IA 52402-6002

$605,000

Estimated value

3,353 sqft 0.62 AC lot

View details

RESTAURANT

229 16th SW Ave, Cedar Rapids, IA 52404-2819

$220,000

Estimated value

3,256 sqft 0.18 AC lot

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RESTAURANT

2545 Old Riv SW Rd, Cedar Rapids, IA 52404-7446

$565,000

Estimated value

1,608 sqft 1.08 AC lot

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RESTAURANT

4001 Ctr Pt NE Rd, Cedar Rapids, IA 52402-6406

$460,000

Estimated value

4,583 sqft 0.68 AC lot

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DRIVE-THRU RESTAURANT, FAST FOOD

2635 Blairs Fry NE Rd, Cedar Rapids, IA 52402-1802

$630,000

Estimated value

4,785 sqft 1.58 AC lot

View details

BAR, TAVERN

821 Shaver NE Rd, Cedar Rapids, IA 52402-4507

$320,000

Estimated value

1,216 sqft 0.90 AC lot

View details

Cedar Rapids, IA Restaurants Market Trends and Statistics

Explore 72 restaurants for sale in Cedar Rapids, IA, showcased through 7 active listings on our real estate platform. These investment opportunities span a total of 25,027 square feet of properties for sale, with an estimated market value of $598,000.

Sale prices for restaurant properties in Cedar Rapids, IA average $299,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 145K

Population Growth (5Y) +3.0%

Median Household Income $72,941

College Educated 21.6%

High-Yield Neighborhoods for Investment

Identify Cedar Rapids submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
52405	$320K
52404	$455.7K
52401	$800K

Taxes & Financing

Tax Rate (average for all types) 3.09%

Property Tax per SF $27.54 per SF

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Linn County

New Delisted

Total CRE Inventory on Market (SF)

Average Property Price per SF

For-sale pricing trends across core commercial property types in Linn County

Office

Property Size Breakdown

The majority of commercial real estate listings in Cedar Rapids fall within the 25,000 to 50,000 square foot range.

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Cedar Rapids, IA Restaurants for Sale

103 8th Avenue SW, Cedar Rapids, IA 52404

103 8th Avenue SW, Cedar Rapids, IA 52404

320 Collins Rd NE, Cedar Rapids, IA 52402

3401 E Avenue NW, Cedar Rapids, IA 52402

320 Collins Rd Ne, Cedar Rapids, IA 52402

3200 16th Avenue Sw, Cedar Rapids, IA 52404

203 1st Ave SE, Cedar Rapids, IA 52401

Opportunities in Nearby Cities

796 11th St, Marion, IA 52302

796 11th St, Marion, IA 52302

101 Windflower Ln, Solon, IA 52333

101 Windflower Ln, Solon, IA 52333

Potential Development Sites for Consideration

Stamy Rd lot: 2, Hiawatha, IA 52233

Kacena Rd lot: 15, Hiawatha, IA 52233

1175 Tower Terrace Rd, Hiawatha, IA 52233

Tower Terrace Rd lot: 4, Hiawatha, IA 52233

Off-Market Properties in Cedar Rapids, IA

1455 Mt Vernon SE Rd, Cedar Rapids, IA 52403-1214

2630 Williams SW Blvd, Cedar Rapids, IA 52404-1554

3939 1st SE Ave, Cedar Rapids, IA 52402-5604

367 Collins NE Rd, Cedar Rapids, IA 52402-3118

6905 Mt Vernon SE Rd, Cedar Rapids, IA 52403-7188

2350 Edgewood SW Rd, Cedar Rapids, IA 52404-3250

5521 Ctr Pt NE Rd, Cedar Rapids, IA 52402-1925

190 Collins NE Rd, Cedar Rapids, IA 52402-3229

1006 3rd SE St, Cedar Rapids, IA 52401-2304

4444 1st NE Ave, Cedar Rapids, IA 52402-3215

810 Vernon Vly Dr, Cedar Rapids, IA 52403-9003

3214 1st NE Ave, Cedar Rapids, IA 52402-6002

229 16th SW Ave, Cedar Rapids, IA 52404-2819

2545 Old Riv SW Rd, Cedar Rapids, IA 52404-7446

4001 Ctr Pt NE Rd, Cedar Rapids, IA 52402-6406

2635 Blairs Fry NE Rd, Cedar Rapids, IA 52402-1802

821 Shaver NE Rd, Cedar Rapids, IA 52402-4507

Cedar Rapids, IA Restaurants Market Trends and Statistics

Top Commercial Asset Segments

Demographics Overview

High-Yield Neighborhoods for Investment

Taxes & Financing

Listings Trend

Total CRE Inventory on Market (SF)

Average Property Price per SF

Office

Property Size Breakdown

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