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2100 1st Avenue NE Cedar Rapids, IA 52402 • Commercial - Business • Active

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Description

Net Lease investment property at the corner of 1st Avenue NE and 21st St. NE/Cottage Grove SE. Currently fully leased to a single tenant and listed at an 8.6% cap rate, the property provides short-term investment income with owner flexibility to renew the lease or convert to owner-occupancy at the end of the term. Contact listing agent for landlord responsibilities. With a striking sanctuary, classrooms, meeting rooms, and offices, this property is well suited for future assembly and educational uses and boasts some of the highest traffic counts in our market. 48-hour notice to show.

Property Highlights

Property Type: Commercial - Business
Year Built: 1975
Lot Size: 1.18 acres

General Information

County: Linn
Listed By:
SKOGMAN REALTY COMMERCIAL Brian Rosteck 319-363-8286
Cedar Rapids MLS
$695,000
Est. $4,593/mo
Active
SQUARE FEET15,620 MLS#2604628
STATUSActive PROPERTY TYPECommercial - Business
TOUR PROPERTY

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Shown By

Agent Name: Katelyn Cooper
 Agent Phone: (563) 449-6075
 Agency Title: Ruhl&Ruhl Realtors
 Agent Email:

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2100 1st Avenue Ne, Cedar Rapids, IA 52402.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $695,000$695,000$695,000
Down Payment $139,000$24,325$173,750
Monthly Mortgage Amount $3,423$4,146$4,329
Taxes $967$967$967
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$306$0
Monthly Estimated Total $4,593$5,622$5,499

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided 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 on this site was last updated 07/09/2026. The listing information on this page last changed on 07/09/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Thu 07/09/2026 11:10:24 AM EST) or MRED MLS (last updated Thu 07/09/2026 11:01:50 AM EST) or SCWMLS (last updated Thu 07/09/2026 11:08:36 AM EST) or Rockford Board of Realtors (NWIAR) (last updated Thu 07/09/2026 11:09:57 AM EST) or Cedar Rapids MLS (last updated Thu 07/09/2026 11:09:22 AM EST) or NEIRBR MLS (last updated Thu 07/09/2026 11:08:56 AM EST) or ICAAR MLS (last updated Thu 07/09/2026 11:08:00 AM EST) or ECIMLS (last updated Thu 07/09/2026 11:08:42 AM EST) or RMLSA (last updated Thu 07/09/2026 11:01:02 AM EST) or Muscatine MLS (last updated Thu 07/09/2026 11:00:18 AM EST) or No Coast MLS (last updated Thu 07/09/2026 11:05:14 AM EST). Real estate listings held by brokerage firms other than Ruhl&Ruhl Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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