Property Description

2740 1st Ave NE presents a stable, 100% occupied medical office investment in the heart of Cedar Rapids. The 15,003 SF building is positioned on a 0.705-acre parcel with ample on-site parking and excellent visibility along a main commercial corridor. The property delivers consistent income backed by established healthcare tenants, generating an NOI of $146,828.76 and offered at a 6.75% CAP rate. With its central 1st Avenue location, strong tenant profile, and flexible zoning, the asset offers investors both dependable cash flow and long-term value potential.

Features
: Central, Gas
: Central Air
: Sprinkler/Irrigation
: Concrete
: Public Sewer
: Electricity Available, Natural Gas Available
Address Map
IA
Linn
Cedar Rapids
52402
1st
2740
Avenue
W92° 21' 51.8''
N42° 0' 16.4''
1st Ave to 2740
NE Quadrant
NE
Trad Mix
MLS Addon
SKOGMAN REALTY COMMERCIAL
Tiffany Earl Williams-WSG CRE
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Additional Information
: Block, Concrete
220 Volts
: One
30710
2025-09-04
1
1
: Public
Financial
25970.0
Listing Information
Joshua Seamans
seamansjoshu121
CSKN05
SKOGMAN REALTY COMMERCIAL
earltiffany121
CSKN05
Cash
Active
2025-09-04T18:44:38Z
CDR
2025-09-04T13:04:50Z

2740 1st Avenue Ne, Cedar Rapids, Iowa 52402 - Commercial Sale For Sale

2740 1st Avenue Ne, Cedar Rapids, Iowa 52402

9,800 Sqft
$2,175,000
Listing ID #2507562
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 2507562
Price : $2,175,000
Square Footage : 9,800 Sqft
Year Built : 1968
Lot Area : 0.71 Acre
Status : Active
Property Sub Type : Investment
Roof : Metal
Agent info
Twenty40 Real Estate + Development
2496 Roycroft Alley
Contact Agent