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
 : Public Sewer
 : Electricity Available, Natural Gas Available
Address Map
                            IA
Linn
Cedar Rapids
52402
Blairs Ferry
1140
Road
W92° 18' 44.9'' 
N42° 2' 5.9'' 
On Blairs Ferry Rd between Council St and Rockwell Dr NE
NE Quadrant
NE
SMC
MLS Addon
                            GLD COMMERCIAL
Adam Gibbs
Sqft0
Sqft0
Sqft0
Sqft0
Sqft0
Additional Information
                             : Frame, Block, Concrete
 : One
1.12 Ac
2023-03-31
2250000
1
1
https://www.propertypanorama.com/instaview/cdr/2305139
 : Public
Financial
                            39864.0
Listing Information
                            gibbsadam121
CGLDC
Cash, Other
Active
2025-06-30T20:50:15Z
CDR
2023-08-03T14:33:25Z
1140 Blairs Ferry Road Ne, Cedar Rapids, Iowa 52402 - Commercial Sale For Sale
1140 Blairs Ferry Road Ne, 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
Status : Active
F 150 : Off Street
Property Sub Type : Retail
Roof : Membrane
Agent info 
                                 
									 
				Twenty40 Real Estate + Development
								2496 Roycroft Alley
							- Sales Team
- View website
- 3194239515
- 
													sales@twenty40concepts.com 
Contact Agent 
                                
 
                     
                     
                     
                     
        