Properties

PROPERTY DETAILS
Property Description :

Retail restaurant investment for sale on the SW side of Cedar Rapids. Established business, Red Ginger, is currently leasing the property on a Gross lease and has a scheduled rent increase on April 1, 2025. Current lease expires Spring 2027 with renewal options. Tenant is responsible for utilities, maintenance, and lawn care. Landlord is responsible for RE Taxes, building insurance, and snow removal.

Property Type : Commercial Sale
Listing ID : 2500723
Listing Type : For Sale
Price : $875,000
Year Built : 2002
Lot Area : 0.85 Acre
Building Area Total : 4001
Lease Amount Unit : Dollars Per Square Foot
Property Type : Retail
Area : SW Quadrant
Listing Status : Active
Property Sub Type : Retail
Roof : Metal
Property Subtype : Retail
Property Description

Retail restaurant investment for sale on the SW side of Cedar Rapids. Established business, Red Ginger, is currently leasing the property on a Gross lease and has a scheduled rent increase on April 1, 2025. Current lease expires Spring 2027 with renewal options. Tenant is responsible for utilities, maintenance, and lawn care. Landlord is responsible for RE Taxes, building insurance, and snow removal.

Features
: Off Street
: Concrete
: Storage
: Public Sewer
: Electricity Available , Natural Gas Available
Address Map
US
IA
Linn
Cedar Rapids
52404
Edgewood
2230
Road
Within shopping center on the NW corner of Williams Blvd SW & Wilson Ave SW
SW Quadrant
SW
SMC
More Information
GLD COMMERCIAL
Adam Gibbs
$0
$0
$0
Additional Information
Restaurant
: Stone Veneer
.847
2025-01-29
: Public
Financial
27052.0
Listing Information
Michael Gibbs
gibbsmichael121
CGLDC
GLD COMMERCIAL
gibbsadam121
CGLDC
Cash, Other
Active
2025-01-29T21:14:17Z
CDR
2025-01-29T15:12:53Z

2230 Edgewood Road Sw, Cedar Rapids, Iowa 52404

2230 Edgewood Road Sw, Cedar Rapids, Iowa 52404

  • Lot Area: 0.85 Acre
List Price: $875,000.00
Listing ID#2500723
QR Code

Q4 Agents

JASON ROGERS

Broker

1950 Boyson Road Hiawatha, Iowa 52233

Contact Jason Rogers:

319-361-3958 jrogers@Q4realestate.com

CRAIG BYERS

Realtor, CCIM

1950 Boyson Road Hiawatha, Iowa 52233

Contact Craig Byers:

319-360-7017 cbyers@Q4realestate.com

AUSTIN GEASLAND

Realtor

1950 Boyson Road Hiawatha, Iowa 52233

Contact Austin Geasland:

319-893-3279 ageasland@Q4realestate.com

Get More Information

Agent info

Get More Information

Contact Agent