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2100 1st Ave NE 7,168 SF Specialty Building Offered at $951,948 CAD in Cedar Rapids, IA 52402
Executive Summary
This highly visible and well-maintained commercial property at a signalized intersection of 1st Avenue NE and Cottage Grove—seeing over 26,400 vehicles per day—offers a unique opportunity for churches, event venue operators, or community-focused organizations seeking a prime owner-user location. Currently fully leased to a single tenant, the property provides short-term investment income with the flexibility to convert to owner-occupancy. Ideally configured for assembly use, the building features excellent signage at a signalized intersection and ample off-street parking. Please note: any transition in tenancy is contingent upon securing a suitable relocation property for the current occupant. $60k of in-place income - offered at an 8.63% CAP rate.
Taxes & Operating Expenses (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Taxes |
-
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-
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| Operating Expenses |
-
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| Total Expenses |
$99,999
|
$9.99
|
Taxes & Operating Expenses (Actual - 2025) Click Here to Access
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $951,948 CAD | Building Class | B |
| Price Per SF | $132.81 CAD | Lot Size | 1.18 AC |
| Sale Type | Owner User | Building Size | 7,168 SF |
| Property Type | Specialty | No. Stories | 2 |
| Property Subtype | Religious Facility | Year Built | 1975 |
| Zoning | Residential | ||
| Price | $951,948 CAD |
| Price Per SF | $132.81 CAD |
| Sale Type | Owner User |
| Property Type | Specialty |
| Property Subtype | Religious Facility |
| Building Class | B |
| Lot Size | 1.18 AC |
| Building Size | 7,168 SF |
| No. Stories | 2 |
| Year Built | 1975 |
| Zoning | Residential |
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Fairly walkable
50/100
Very drivable
80/100
Some public transit
50/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 14154-05005-00000 | Improvements Assessment | $1,276,296 CAD |
| Land Assessment | $485,288 CAD | Total Assessment | $1,761,584 CAD |
Property Taxes
Parcel Number
14154-05005-00000
Land Assessment
$485,288 CAD
Improvements Assessment
$1,276,296 CAD
Total Assessment
$1,761,584 CAD
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2100 1st Ave NE
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