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1140 Blairs Ferry NE Road, Cedar Rapids, IA 52402
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$2,362,335
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Home Details for 1140 Blairs Ferry NE Road
Price
$2,362,335
Type
Commercial/Industrial
Year Build
1993
Sq. Ft.
7801
Lot Size
1.12
County
Linn
Tax
$39,864
MLS®️ Listing#
2305139
On exitrealty.com
811 days
Property Description
Fully Leased and recently remodeled retail investment opportunity near Super Target! Multi-tenant retail property located along Blairs Ferry Rd NE - nearly 23,000 vehicles per day. The property was extensively renovated in 2021/2022, including a new roof, new façade and all new HVAC. Tenants include: Dunn Brothers Coffee, The Good Feet Store, and Mextizo; all leases are personally guaranteed by principals of the tenant entities. 128 parking spaces included. 7.25% CAP rate. Current NOI: $171,272; subject to annual rental increases per the leases. Contact listing agent for additional details. Member of the ownership entity is a licensed REALTOR in the state of Iowa.
- Utilities
- Electricity Available
- Natural Gas Available
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- Central Air
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- Public
- Parking
- Off Street
Listing Courtesy: GLD COMMERCIAL - 319-731-3400. Presented by: Adam J Gibbs
The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the Cedar Rapids Area Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright ©2025 Cedar Rapids Area Association of REALTORS®. All Rights Reserved.
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$2,362,335
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EXIT EASTERN IOWA REAL ESTATE
1965 51st St. N.E Suite A, Cedar Rapids, IA 52402