$198,000

621 1st Avenue SW, Cedar Rapids, IA 52404

  • 1,050 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1980
  • Property Lot Size Icon5,619sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $189/sqft
  • Property List Date Icon Listed 9 months ago

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.

Listing Status:
Active
Date Added:
January 10, 2025 at 06:00AM
Listing Office:
GLD COMMERCIAL : 319-731-3400
Listing Agent:
Angie Glick : 319-731-3400
MLS ID:
2500254
  • Flooring: Concrete
  • A/C: Central Air
  • Heating: Central
  • Parking: Off Street
  • Roofing: AsphaltShingle
  • General: BlockConcrete1
  • Originating MLS: CDR_CDR
  • County: Linn
  • Zoning: UNGBROWN'S 1ST NE 40' SW 53' STR/LB 4 5014291-80004-00000
  • Utilities: Electricity AvailableNatural Gas Available220 Volts
  • Water: Public
  • Sewer: Public Sewer
  • Source: CDR_CDR

This listing courtesy of Angie Glick, GLD COMMERCIAL

Monthly Payment

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

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Location

Schools Nearby

T

Taylor Elementary

720 7th Ave SW, Cedar Rapids, IA, 52404

Grades PK-5

0.27 miles away

R

Roosevelt Middle School

300 13th St NW, Cedar Rapids, IA, 52405

Grades 6-8

0.54 miles away

J

Jefferson High School

1243 20th St SW, Cedar Rapids, IA, 52404

Grades 9-12

1.10 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.