Property Description

Exceptional opportunity to own a piece of Cedar Rapids’ culinary history! This 1,050 SF commercial property is situated along 1st Avenue offering outstanding visibility. The real estate and (FF&E) are included in the sale, making it an ideal choice for restauranteurs or business owners seeking a turnkey solution. The property is currently home to the beloved Maid-Rite West, a nostalgic dining destination known for its classic loose meat sandwiches and hearty comfort food. The charming retro decor and loyal customer base provide a strong foundation for continued success. For buyers looking to maintain the current concept, the franchise rights are available, along with the opportunity to retain the experienced manager, who has been with the restaurant for 20 years.

Features
: Central
: Central Air
: Concrete
: Public Sewer
: Electricity Available, Natural Gas Available
Address Map
IA
Linn
Cedar Rapids
52404
1st
621
Avenue
W92° 19' 12.8''
N41° 58' 26.9''
1ST AVE SW ON THE SOUTH SIDE OF ROAD
SW Quadrant
SW
UNG
MLS Addon
GLD COMMERCIAL
Angie Glick
$0
$0
$0
$0
$0
Additional Information
Restaurant
: Block, Concrete
220 Volts
: One
.129 Ac
2025-01-10
1
1
https://www.propertypanorama.com/instaview/cdr/2500254
: Public
Financial
1546.0
Listing Information
Rachel Waters
watersrachel121
CGLDC
GLD COMMERCIAL
glickangie121
CGLDC
Cash,1031 Exchange,Other
Active
2025-01-13T18:06:40Z
CDR
2025-01-13T10:11:30Z

621 1st Avenue Sw, Cedar Rapids, Iowa 52404 - Commercial Sale For Sale

621 1st Avenue Sw, Cedar Rapids, Iowa 52404

1,050
$250,000
Listing ID #2500254
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 2500254
Price : $250,000
Square Footage : 1,050
Year Built : 1980
Lot Area : 0.13 Acre
Status : Active
F 150 : Off Street
Property Sub Type : Business
Roof : Asphalt, Shingle
Agent info
Twenty40 Real Estate + Development
2496 Roycroft Alley
Contact Agent