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$4,500,000
15 Days On Site

1420 1st Avenue NE
Cedar Rapids, IA 52402

For Sale|Office|Active
0
Beds
0
Total Baths
28,270
SqFt
$159
/SqFt
2019
Built
County:
Linn
Call Now: (319) 423-9515
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(319) 423-9515
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An exceptional opportunity to own a Class A mixed-use property strategically located along 1st Avenue in Cedar Rapids’ College District. Built in 2019, this modern asset features 18 market-rate residential units plus 8,460 SF of ground-level commercial space, anchored by two nationally recognized long-term tenants, Scooter’s Coffee and Jimmy John’s. Positioned at the center of Cedar Rapids’ city revitalization plan, the property benefits from ongoing streetscape improvements, infrastructure upgrades, and new development initiatives designed to transform the 1st Avenue corridor into a vibrant live-work-play destination. The site is also within minutes of the highly anticipated Cedar Crossing Casino, a major driver of traffic, jobs, and economic growth for the area. The location also offers walkability to Coe College and Mt. Mercy University, further strengthening rental demand and visibility for commercial tenants. This is a rare opportunity to acquire a strong, income-producing property in a rapidly improving submarket with significant growth catalysts on the horizon. Owner is licensed Realtor in the State of Iowa.

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Listing Snapshot
Price 
$4,500,000
Days On Site 
15 Days
Bedrooms 
N/A
Inside Area (SqFt) 
28,270 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.874 Acres
Year Built 
2019
MLS Number 
2607085
Status 
Active
Property Tax 
$100,514
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
2 weeks agoListing first seen on site
2 weeks agoListing updated with changes from the MLS
General Features
Acres 
0.874
Building Features 
ElevatorsMultiTenantPrivateRestroomsPoleSign
Levels 
Three Or More
Number Of Stories 
3
Parking 
Off Street
Property Sub Type 
Office
Security 
Security SystemSecurity Lights
Sewer 
Public Sewer
Utilities 
Electricity AvailableNatural Gas Available
Water Source 
Public
Zoning 
UNG
Interior Features
Cooling 
Central Air
Flooring 
CarpetConcrete
Heating 
Natural GasCentral
Interior 
Elevator
Window Features 
Display Window(s)
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Exterior Features
Construction Details 
Frame
Roof 
Membrane
Windows/Doors 
Display Window(s)
Community Features
MLS Area 
NE Quadrant
Financing Terms Available 
CashContract
All or a portion of the multiple Listing information is provided by the Cedar Rapids Area Association of Realtors, from a copyrighted compilation of listings. All IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All Cedar Rapids Area Association of Realtors MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2026 Cedar Rapids Area Association of Realtors. All rights reserved.



Listing courtesy of Brent Votroubek of SKOGMAN REALTY.

Last checked 2026-10-25 02:01 AM CDT.

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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