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1140 Blairs Ferry Road NE

Cedar Rapids, IA 52402
  • $2,362,335
  • STATUS: Active
  • ON SITE: 262 Days
  • MLS #: 2305139
$2,362,335
  • 0
    BEDS
  • 1.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,801
    SQFT
  • $303
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1993
County:
Area:

School Ratings & Info

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 faade 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.

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© 2024 Cedar Rapids Area Association of REALTORS® Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Graf Real Estate ERA Powered. Data last updated: 2024-04-20T21:01:55.053.
www.cedarrapidsareahomes.com/homes/142110363
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1140 Blairs Ferry Road NE Cedar Rapids, IA 52402

  • Price: $2,362,335
  • Status: Active
  • On Site: 262 Days
  • MLS #: 2305139
0
Beds
0
Baths
0
½ Baths
1.12
Acres
7,801
SQFT
$303
$/SQFT
1993
Built
Neighborhood:
NE Quadrant
County:
Linn
Area:
NE Quadrant
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 faade 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.
Exterior Features

Construction Materials BlockFrameConcrete Exterior Features Sprinkler/Irrigation Levels One Parking Features Off Street Roof Membrane Stories Total 1

Interior Features

Basement YN No Cooling Central Air Cooling YN Yes Flooring Concrete Heating Central Heating YN Yes

Property Features

Lease Considered YN No Property Sub Type Retail Sewer Public Sewer Tax Annual Amount 39864 Utilities Electricity AvailableNatural Gas Available Water Source Public Zoning Description SMC

Listing information © 2024 Cedar Rapids Area Association of REALTORS® Multiple Listing Service.
Listing provided courtesy of Adam Gibbs of GLD COMMERCIAL: 319-731-3400.
© 2024 Cedar Rapids Area Association of REALTORS® Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Graf Real Estate ERA Powered. Data last updated: 2024-04-20T21:01:55.053.
 
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2252 Blairs Ferry Road
Hiawatha IA, 52233