Property Description

This 7,329 SF commercial space on 1.62 acres offers exceptional visibility with 139 feet of prime 1st Avenue frontage and an average of 22,729 vehicles passing daily. This former Outback Steakhouse is currently equipped as a restaurant with much of the kitchen and bar infrastructure included. It’s an ideal turnkey option for food-service operators, yet easily adaptable for retail or showroom use. The property sits at a highly visible lighted intersection with a bus top, just one mile from Cedar Rapids’ largest employer and minutes (3.7 miles) from downtown Cedar Rapids. Located near the city’s busiest retail hub-including Lindale Mall and multiple major shopping centers-it benefits from strong surrounding traffic and consumer activity. With 118 parking spaces, pylon signage, and easy access, the site supports high customer flow and brand visibility. The 15-mile trade area includes 164,634 residents, 68,802 households, 88,486 employee population, with an average income of $107,096, offering strong buying power and consistent demand. This location provides flexibility, exposure, and demographics ideal for a wide range of business uses.

Features
: Central, Gas
: Central Air
: Wood
: Public Sewer
: Electricity Available, Natural Gas Available
Address Map
IA
Linn
Cedar Rapids
52402
1st
3939
Avenue
W92° 22' 4.3''
N42° 1' 8.4''
Corner of 1st Ave SE and 40th St.
SE Quadrant
SE
SMC
MLS Addon
PRK Williams Realty
Kevin Heinbuch
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Additional Information
Restaurant
: Frame
3 Phase
: One
70,567 sf
2025-11-17
1
1
https://www.propertypanorama.com/instaview/cdr/2509383
: Public
Financial
46204.0
Listing Information
heinbuchkevi121
CWHY
Cash,Lease,Lease Option
Active
2026-03-16T18:15:37Z
CDR
2025-11-17T09:54:18Z

3939 1st Avenue Se, Cedar Rapids, Iowa 52402 - Commercial Lease For Rent

3939 1st Avenue Se, Cedar Rapids, Iowa 52402

7,329 Sqft
$1,800,000
Listing ID #2509383
Basic Details
Property Type : Commercial Lease
Listing Type : For Rent
Listing ID : 2509383
Price : $1,800,000
Square Footage : 7,329 Sqft
Year Built : 1984
Lot Area : 1.62 Acre
Status : Active
F 150 : Off Street
Property Sub Type : Retail
Roof : Metal, Membrane
Agent info
Twenty40 Real Estate + Development
2496 Roycroft Alley
Contact Agent