4
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$2,362,335
Est. payment /mo
7,801 Sqft Lot
Active
1140 Blairs Ferry Rd NE Cedar Rapids, IA 52402
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Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID 202304179
Year Built 1993
Annual Tax Amount $59,538
Tax Year 2024
Lot Size 7,801 Sqft
Acres 1.12
Property Sub-Type Retail
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. 7.5% CAP rate. Current NOI: $175,972; 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.
Location
State IA
County Linn
Zoning Sub Mixed Use Comm Ctr
Direction On Blairs Ferry Rd between Council St and Rockwell Dr NE
Interior
Heating Natural Gas, Central
Cooling Central Air
Flooring Concrete Slab Grade
Exterior
Utilities Available Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Phone Available, City Water
Roof Type Other
Building
Lot Size Range One To Two Acres
Structure Type Block
Others
Tax ID 14032-26008-00000
Acceptable Financing Cash, Other
Listing Terms Cash, Other
Special Listing Condition Standard
Listed by GLD Commercial Real Estate Advisors
NEARBY SCHOOL & BUSINESS
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