$2,175,000

2740 1st Avenue NE, Cedar Rapids, IA 52402

  • 9,800 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1968
  • Property Lot Size Icon0.71acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $222/sqft
  • Property List Date Icon Listed 2 months ago

Property Description

2740 1st Ave NE presents a stable, 100% occupied medical office investment in the heart of Cedar Rapids. The 15,003 SF building is positioned on a 0.705-acre parcel with ample on-site parking and excellent visibility along a main commercial corridor. The property delivers consistent income backed by established healthcare tenants, generating an NOI of $146,828.76 and offered at a 6.75% CAP rate. With its central 1st Avenue location, strong tenant profile, and flexible zoning, the asset offers investors both dependable cash flow and long-term value potential.

Listing Status:
Active
Date Added:
September 4, 2025 at 05:00AM
Listing Office:
SKOGMAN REALTY COMMERCIAL : 319-363-8286
Listing Agent:
Tiffany Earl Williams-WSG CRE : 319-730-5732
MLS ID:
2507562
  • Flooring: Concrete
  • A/C: Central Air
  • Heating: CentralGas
  • General: Sprinkler/Irrigation
  • Roofing: Metal
  • General: BlockConcrete1
  • Originating MLS: CDR_CDR
  • County: Linn
  • Zoning: Trad MixGreene's 2nd (Less W23') str/lb 15 34141422700900000
  • Utilities: Electricity AvailableNatural Gas Available220 Volts
  • Water: Public
  • Sewer: Public Sewer
  • Source: CDR_CDR

This listing courtesy of Tiffany Earl Williams-WSG CRE, SKOGMAN REALTY COMMERCIAL

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

A

Arthur Elementary

2630 B Ave NE, Cedar Rapids, IA, 52402

Grades PK-5

0.18 miles away

B

Benjamin Franklin Middle School

300 20th St NE, Cedar Rapids, IA, 52402

Grades 6-8

0.62 miles away

W

Washington High School

2205 Forest Dr SE, Cedar Rapids, IA, 52403

Grades 9-12

0.55 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.