Property Description

An exceptional opportunity to own a Class A mixed-use property strategically located along 1st Avenue in Cedar Rapids’ College District. Built in 2019, this modern asset features 18 market-rate residential units plus 8,460 SF of ground-level commercial space, anchored by two nationally recognized long-term tenants, Scooter’s Coffee and Jimmy John’s. Positioned at the center of Cedar Rapids’ city revitalization plan, the property benefits from ongoing streetscape improvements, infrastructure upgrades, and new development initiatives designed to transform the 1st Avenue corridor into a vibrant live-work-play destination. The site is also within minutes of the highly anticipated Cedar Crossing Casino, a major driver of traffic, jobs, and economic growth for the area. Additional investment security comes from a TIF abatement in place through 2034, significantly enhancing cash flow and return potential. The location also offers walkability to Coe College and Mt. Mercy University, further strengthening rental demand and visibility for commercial tenants. This is a rare opportunity to acquire a strong, income-producing property in a rapidly improving submarket with significant growth catalysts on the horizon. Owner is licensed Realtor in the State of Iowa.

Features
: Central, Gas
: Central Air
: Sprinkler/Irrigation
: Carpet, Concrete
: Public Sewer
: Electricity Available, Natural Gas Available
: Display Window(s)
Address Map
IA
Linn
Cedar Rapids
52402
1st
1420
Avenue
W92° 20' 47.3''
N41° 59' 16.1''
NE corner of 1st Ave & 14th St NE
NE Quadrant
NE
UNG
MLS Addon
SKOGMAN REALTY
Brent Votroubek
Sqft0
Sqft0
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Additional Information
: Frame
3 Phase
: Three Or More
38080
2025-09-24
3
3
https://www.propertypanorama.com/instaview/cdr/2508105
: Public
Financial
100514.0
Listing Information
Wendy Votroubek
votroubekwen121
CSKN
SKOGMAN REALTY
votroubekbre121
CSKN
Cash, Contract
Active
2025-09-24T20:14:25Z
CDR
2025-09-24T10:38:57Z

1420 1st Avenue Ne, Cedar Rapids, Iowa 52402 - Commercial Sale For Sale

1420 1st Avenue Ne, Cedar Rapids, Iowa 52402

28,270 Sqft
$5,100,000
Listing ID #2508105
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 2508105
Price : $5,100,000
Square Footage : 28,270 Sqft
Year Built : 2019
Lot Area : 0.87 Acre
Status : Active
F 150 : Off Street
Property Sub Type : Office
Roof : Membrane
Agent info
Twenty40 Real Estate + Development
2496 Roycroft Alley
Contact Agent