3412 1St AveCedar Rapids, IA 52402

Property Details for 3412 1St Ave

Year built

1940

Property size (Sq ft)

1,660 SF

Property type

Day care centers & nurseries

Property subtype

Retail properties

Description

This exceptional investment opportunity in Cedar Rapids, Iowa, presents a unique blend of commercial and residential properties. The offering encompasses four parcels totaling 28,213 square feet, featuring a 1,660 square foot vacant storefront previously used as a daycare and wine house situated at 3412 1st Ave NE. This building, constructed in 1940, is part of a mixed-use zoning designation (Traditional Mixed Use Center). Two additional parcels contain investment rental houses currently leased to tenants, providing immediate income potential. A fourth parcel is a vacant lot, offering further development possibilities. The property boasts excellent visibility and accessibility, directly off 1st Avenue NE, with ample off-street parking. The high-traffic location, averaging over 20,900 vehicles daily, ensures strong potential for future growth and profitability. The asking price is $429,000, with a price per square foot of $258.43. The property's APN numbers are 14112-27025-00000

Location Insight

City

Cedar Rapids

County

Linn

State

Iowa

Latitude

42.0126

Longitude

-91.6351

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