15
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$4,250,000
Est. payment /mo
3.49 Acres Lot
Active
1308 Adair Ct Cedar Rapids, IA 52404
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Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
MLS Listing ID 202602075
Year Built 2025
Annual Tax Amount $205
Lot Size 3.490 Acres
Acres 3.49
Lot Dimensions 257 x 652
Property Sub-Type Business
Property Description
Now available: First Class Storage, a modern, high-demand storage facility strategically located next to the Eastern Iowa Airport. This is a turn-key opportunity to own the entire complex, offering both investment potential and immediate rental income. Here are a few highlights including income & occupancy: This site opened in November 1st, 2025 Occupancy is ahead of business plan. ?? Property Overview Strong unit mix Prime location with excellent visibility and easy access to major highways Secure, well-maintained, and built for today's storage demands ?? Unit Mix & Rental Rates 10x20: 91 units | $135 /month 10x30: 69 Units | $165 /month 10x30: with electricity | $295 / month 14x40: w/o electricity | 5 Units | 5 occupied | $325 /month 14x40: with electricity | 3 Units | 3 occupied | $650 /month Total Units: 168 OH Doors: A typical self storage facility has 8'w x 7'h OH doors. This site has larger OH Doors for easier entry and exit. Allows for storage of larger vehicles, boats, etc. 10x20 & 10x30 units have: 9'w x 8'h OH Doors. 14x40 units have: 12'w x 14'h OH Doors. Site Information: Seller carry Options (choose 1 option): $25,500 monthly payment at 0.00% interest for 6 months. $25,500 monthly payment at 2.00% interest for up to 12 months. $25,500 monthly payment at 3.00% interest for up to 22 months.
Location
State IA
County Linn
Zoning Comm
Direction Off Wright Brothers Blvd
Interior
Heating None
Cooling None
Flooring Concrete Slab Grade
Exterior
Utilities Available Electricity Available, Underground Utilities
Roof Type Metal
Building
Lot Size Range Two To Five Acres
Structure Type Steel Or Metal
Others
Tax ID 19292-01019-00000
Acceptable Financing Cash, Conventional, Exchange, Owner Financing
Listing Terms Cash, Conventional, Exchange, Owner Financing
Special Listing Condition Standard
Listed by Pinnacle Realty
NEARBY SCHOOL & BUSINESS
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