Exceptional land site with no covenants for building and use flexibility. Retail, service, contractor or other uses possible. Concept plan for a 7,000 SF building.
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. 7.25% CAP rate. Current NOI: $171,272; 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.
Cedar Rapids is located in Iowa. Cedar Rapids, Iowa has a population of 136,512. Cedar Rapids is less family-centric than the surrounding county with 30.16% of the households containing married families with children. The county average for households married with children is 31.95%.
The median household income in Cedar Rapids, Iowa is $63,170. The median household income for the surrounding county is $70,360 compared to the national median of $69,021. The median age of people living in Cedar Rapids is 36.4 years.
The average high temperature in July is 84.1 degrees, with an average low temperature in January of 11.4 degrees. The average rainfall is approximately 36 inches per year, with 28.3 inches of snow per year.
