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621 1st Avenue SW

Cedar Rapids, IA 52404
  • $250,000
  • STATUS: Active
  • ON SITE: 28 Days
  • MLS #: 2500254
UPDATED: 25 min ago
$250,000
  • 0
    BEDS
  • 0.13
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,050
    SQFT
  • $238
    $/SQFT
Neighborhood:
Type:
Business Opportunity
Built:
1980
County:
Area:

School Ratings & Info

Description

Exceptional opportunity to own a piece of Cedar Rapids' culinary history! This 1,050 SF commercial property is situated along 1st Avenue offering outstanding visibility. The real estate and (FF&E) are included in the sale, making it an ideal choice for restauranteurs or business owners seeking a turnkey solution. The property is currently home to the beloved Maid-Rite West, a nostalgic dining destination known for its classic loose meat sandwiches and hearty comfort food. The charming retro decor and loyal customer base provide a strong foundation for continued success. For buyers looking to maintain the current concept, the franchise rights are available, along with the opportunity to retain the experienced manager, who has been with the restaurant for 20 years.

Monthly Payment Calculator

© 2025 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: 2025-02-11T16:42:35.437.
www.cedarrapidsareahomes.com/homes/159393917
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621 1st Avenue SW Cedar Rapids, IA 52404

  • Price: $250,000
  • Status: Active
  • On Site: 28 Days
  • Updated: 25 min ago
  • MLS #: 2500254
0
Beds
0
Baths
0
½ Baths
0.13
Acres
1,050
SQFT
$238
$/SQFT
1980
Built
Neighborhood:
SW Quadrant
County:
Linn
Area:
SW Quadrant
Property Description
Exceptional opportunity to own a piece of Cedar Rapids' culinary history! This 1,050 SF commercial property is situated along 1st Avenue offering outstanding visibility. The real estate and (FF&E) are included in the sale, making it an ideal choice for restauranteurs or business owners seeking a turnkey solution. The property is currently home to the beloved Maid-Rite West, a nostalgic dining destination known for its classic loose meat sandwiches and hearty comfort food. The charming retro decor and loyal customer base provide a strong foundation for continued success. For buyers looking to maintain the current concept, the franchise rights are available, along with the opportunity to retain the experienced manager, who has been with the restaurant for 20 years.
Exterior Features

Construction Materials Block Concrete Parking Features Off Street Roof Asphalt Shingle

Interior Features

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

Property Features

Association YN No Building Features Kitchen Facilities Pole Sign Single- Tenant Business Type Restaurant Electric 220 Volts Inclusions Building Land Lease Considered YN No Listing Terms Cash1031 Exchange Other Possession Immediately Property Sub Type Business Property Sub Type Additional Business Retail Special Purpose Security Features Security System Sewer Public Sewer Tax Annual Amount 1546 Utilities Electricity Available Natural Gas Available Water Source Public Zoning UNG Zoning Description UNG

Listing information © 2025 Cedar Rapids Area Association of REALTORS® Multiple Listing Service.
Listing provided courtesy of Angie Glick of GLD COMMERCIAL: 319-731-3400.
© 2025 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: 2025-02-11T16:42:35.437.
 
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