Our team has extensive experience in the commercial real estate market and is available to answer your questions and show you available commercial real estate for sale in the Cedar Rapids metro area. Contact Craig Byers or Jason Rogers to help you find the perfect location for your business today!
Prime development opportunity on northeast side of Cedar Rapids. Property has excellent visibility and easy access to main roadways and interstates including Highway 100/Collins Road, I-380/I-27, Council Street NE, and Center Point Road NE. Traffic counts exceed 51,000 daily in the Highway 100/Collins Road area. Surrounded by a commercial business district including Theisen’s and McGrath auto dealerships. Possibility to sub-divide property.
1717 51st Street NE, Cedar Rapids, Iowa 52402
Sale Price: $1,650,000.00
Year Built: 1993
Possibility to subdivide
Ellis Flats is a 3 bed/2.5-bathroom duplex property with 12 units in total. This turn-key investment opportunity features luxury units with two-stall attached garage, extended storage on each level, washer/dryer in unit, and an exclusive rooftop patio where all residents may enjoy their free time in warmer months. Interior finishes include stainless steel kitchen appliances, granite counter tops, tile back-splash, built-in breakfast bar, separate dining area, & more. Ellis Flats has excellent exposure located near downtown Cedar Rapids, 1st Avenue NW and I-380, just minutes from the ever-popular Ellis Park. This park has an 18-hole golf course, water skiing facilities, ball diamonds, swimming pool, tennis courts, sand volleyball courts, and more.
1606-1648 Ellis Blvd NW, Cedar Rapids, Iowa 52405
Sale Price: $3,075,000.00
Year Built: 2019
Cap Rate: 5.49%
Roughly 8 years remaining on property tax abatement
Current property management in place and will remain on request
Investment opportunity with excellent visibility strategically situated on a corner lot at the intersection of Wilson Avenue SW and 6th Street SW, two highly traveled arterial roads. Approximately 24,100 vehicles travel past the site daily. This section of Wilson Avenue is just 0.2 miles from the I-380 interchange. Approximately 57,964 people live within a 3-mile radius from the property.
551 Wilson Avenue SW, Cedar Rapids, Iowa 52404
Sale Price: $2,800,000.00
Year Built: 1992
Cap Rate: 4.70%
Lease Expiration Date: 10/31/2027
Renewal Options: (2) 5-year renewal options
Ownership Type: Fee Simple / TIC