Property Description

Fully Leased and recently remodeled retail investment opportunity near Super Target! Multi-tenant retail property located along Blairs Ferry Rd NE – nearly 23,000 vehicles per day. The property was extensively renovated in 2021/2022, including a new roof, new façade and all new HVAC. Tenants include: Dunn Brothers Coffee, The Good Feet Store, and Mextizo; all leases are personally guaranteed by principals of the tenant entities. 128 parking spaces included. 7.25% CAP rate. Current NOI: $171,272; subject to annual rental increases per the leases. Contact listing agent for additional details. Member of the ownership entity is a licensed REALTOR in the state of Iowa.

Features
: Central
: Central Air
: Sprinkler/irrigation
: Concrete
: Off Street
: Electricity Available, Natural Gas Available
Address Map
IA
Linn
Cedar Rapids
52402
Blairs Ferry
1140
Road
0
W92° 18' 45''
N42° 2' 6.6''
On Blairs Ferry Rd between Council St and Rockwell Dr NE
NE
MLS Addon
GLD COMMERCIAL
Adam Gibbs
$0
0 Sqft
$0
$0
$0
$0
Full,unfinished
0 Sqft
: Kitchen Facilities, Private Restrooms, Pole Sign, Multi-tenant
0
300
River
One
gibbsadam121
CGLDC
1.12 Ac
Active
14032-26008-00000
: Membrane
: Public Sewer
1
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SMC

1140 Blairs Ferry Road, Cedar Rapids, Iowa 52402 - Commercial Sale For

1140 Blairs Ferry Road, Cedar Rapids, Iowa 52402

7,801 Sqft
$2,362,335
Listing ID #2305139
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 2305139
Price : $2,362,335
Square Footage : 7,801 Sqft
Year Built : 1993
Lot Area : 1.12 Acre
Property Sub Type : Retail
Status : Active
Agent info
Twenty40 Real Estate + Development
2496 Roycroft Alley
Contact Agent