2727 1St AveCedar Rapids, IA 52402

For Sale
$795,000

8,576 SF Medical Office, High Traffic Area

Overview

Added:
Dec 11, 2024
Days on market:
91
This exceptional 8,576-square-foot medical office building in Cedar Rapids, Iowa, presents a compelling investment opportunity. Located at 2727 1st Ave SE, this two-story, 1972-built property boasts a prime location with nearly 20,000 vehicles passing daily. The building features a split-foyer design and ample parking with 54 spaces, accessible from both 1st Ave and 2nd Ave SE. The property sits on a 0.76-acre lot and is zoned for Traditional Mixed-Use Center development. Currently configured as a medical facility, the building includes a lower level previously used as a periodontic clinic and an upper level with two suites – one a well-updated orthodontic practice and the other a former general dental practice. The asking price is $795,000, translating to $92.70 per square foot. The property is offered as a sale by owner with a NNN lease type. This high-visibility location, combined with its existing medical tenant setup and substantial parking, makes this a rare opportunity for investors seeking a strong return in a thriving Cedar Rapids market. The property's APN is 14142-29018-00000. Over 100 feet of frontage on 1st Ave provides excellent visibility and accessibility.

Highlights

  • 8,576 SF medical office building available for lease.
  • 54 on-site parking spaces.
  • High traffic count of approximately 20,000 vehicles per day.

Property Details for 2727 1St Ave

Property type
Other office properties, Medical offices
Square Feet
8,576 SF
Year Built
1972
Buildings
1
Stories
2
Lot Size (sq. ft)
33,106 SF

Location Insight

City
Cedar Rapids
County
Linn
State
Iowa
Latitude
42.004241844586
Longitude
-91.634863637759
2727 1St Ave, Cedar Rapids, Iowa

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2727 1St Ave
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