Property Description

This versatile multi-tenant office building offers significant future leasing potential and is strategically positioned in a sought-after area with excellent connectivity to major highways, including Hwy 100 and I-380. Spanning 7,360 SF on over 1.5 acres, the property features ample onsite parking with 44 spaces. Built in 1992, the building has seen recent updates to Suite A, adding a modern touch to its interior. Currently configured for two tenants, it offers a flexible setup that allows for continued multi-tenant use or conversion to a single-tenant layout, maximizing leasing opportunities. Cedar Rapids Pain Associates occupies 4,106 SF under a NNN lease at $11.75/SF through January 31, 2025, generating stable income for an owner-user or investor. Priced below market compared to similar properties in the area, this property represents a unique opportunity to capitalize on a prime location and secure long-term value.

Features
: Central
: Central Air
: Carpet
: Public Sewer
: Electricity Available, Natural Gas Available
Address Map
IA
Linn
Cedar Rapids
52402
Glass
4201
Road
W92° 17' 56.2''
N42° 1' 0''
Take I-380 to Glass Road Exit and head West. Building will be on your left or take Edgewood Road and turn East onto Glass Road, building will be on your right.
NE Quadrant
NE
T-ML
MLS Addon
GLD COMMERCIAL
Angie Glick
$0
$0
$0
$0
$0
Additional Information
: Frame
220 Volts
: One
1.64 Ac
2024-02-08
1
1
https://www.propertypanorama.com/instaview/cdr/2400854
: Public
Financial
24984.0
Listing Information
Rachel Waters
watersrachel121
CGLDC
GLD COMMERCIAL
glickangie121
CGLDC
Cash, Other
Active
2024-10-10T17:50:15Z
CDR
2024-02-09T11:09:30Z

4201 Glass Road Ne, Cedar Rapids, Iowa 52402 - Commercial Sale For Sale

4201 Glass Road Ne, Cedar Rapids, Iowa 52402

7,360
$825,000
Listing ID #2400854
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 2400854
Price : $825,000
Square Footage : 7,360
Year Built : 1992
Lot Area : 1.64 Acre
Status : Active
Property Sub Type : Office
Roof : Asphalt, Shingle
Agent info
Twenty40 Real Estate + Development
2496 Roycroft Alley
Contact Agent