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1945 42nd St NE 1,980 SF Retail Building Cedar Rapids, IA 52402 $1,364,965 CAD ($689.38 CAD/SF)
Investment Highlights
- High Impact location of I-380 and 42nd Street
- Great for service-oriented businesses and could be adapted for drive thru
- Over 65,000 average cars per day
Executive Summary
High-impact location with exceptional visibility and strategic positioning just off I-380 at 42nd Street, near Kennedy High School. The existing 1980-built structure is currently operated as a car dealership but offers flexible repurposing potential for a variety of uses, including retail, office, or service-oriented businesses and could be adapted for drive thru. Ideally located between two signalized intersections, the site has great access and maximum exposure along the interstate. Adjacent to a nature trail with direct trailhead access, the property attracts significant biker and pedestrian traffic. A large pylon sign provides prominent branding opportunities. Includes parcels- 140912700200000, 140912701700000 and 140912701800000.
Taxes & Operating Expenses (Actual - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Taxes |
$11,111
|
$5.61
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$11,111
|
$5.61
|
Taxes & Operating Expenses (Actual - 2024)
| Taxes (CAD) | |
|---|---|
| Annual | $11,111 |
| Annual Per SF | $5.61 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $11,111 |
| Annual Per SF | $5.61 |
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
1,980 SF
Building Class
C
Year Built
1970
Price
$1,364,965 CAD
Price Per SF
$689.38 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.02 AC
Zoning
T-MU - Traditional Mixed Use Center
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 14091-27002-00000 | Total Assessment | $395,709 CAD (2025) |
| Land Assessment | $218,058 CAD (2025) | Annual Taxes | $11,111 CAD ($5.61 CAD/SF) |
| Improvements Assessment | $177,651 CAD (2025) | Tax Year | 2024 Payable 2025 |
Property Taxes
Parcel Number
14091-27002-00000
Land Assessment
$218,058 CAD (2025)
Improvements Assessment
$177,651 CAD (2025)
Total Assessment
$395,709 CAD (2025)
Annual Taxes
$11,111 CAD ($5.61 CAD/SF)
Tax Year
2024 Payable 2025
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1945 42nd St NE
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