Property photo 1
Property photo 2
0 Baths

$2,362,335

1140 Blairs Ferry Rd NE, CedarRapids IA, 52402

Price per sqftN/A
Built in1993
Property typeCommercial

Overview

Active

Listed Aug 3, 2023

Updated 9 days ago

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. 7.5% CAP rate. Current NOI: $175,972; 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.

Additional information

MLS® ID
202304179

Interior Features

Bathrooms
0
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.18 Acres

Other Property Details

Taxes
$59,538
Tax Frequency
Annually

 

Courtesy of GLD Commercial Real Estate Advisors, ,
Listing Contact: 319-721-1520 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Blank & McCune Real Estate shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2026 Iowa City Area Association of REALTORS (ICAAR). All rights reserved.

Powered by Luxury Presence