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2740 1st Ave NE
Cedar Rapids, IA 52402

$2,055,000 USD

Freestanding For Sale  •  9,800 SF

Property Details

• Property Type Freestanding
• Total Building Size 15,003 SF
• Lot Size 0.7 AC
• Building Class C
• Year Built 1968
• Cap Rate 7.29 %
• Tenancy Multiple
• Zoning Mixed Use

40 Transit Score

50 Walk Score

Highlights

Established tenancy

Net leases

Central location along 1st Avenue

Property Flyers

1st Ave N 2740 CR INV 15k SF

Cap Rate:

7.29 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Mercy Health	13,366 SF	4/20/2029
University of Iowa	1,637 SF	11/30/2028

Amenities

• Bus Line
• Pylon Sign
• Signage
• Monument Signage
• Air Conditioning

Public Transportation

Airport	Drive	Walk	Distance
The Eastern Iowa	24 min	-	12.3 mi