1140 Blairs Ferry Road Ne is a $2,362,335, 7,801 square foot home on a 1.12 acre lot located in Cedar Rapids, IA.
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 El Bajio Mexican Restaurant; all leases are personally guaranteed by principals of the tenant entities. 128 parking spaces included. 7.25% CAP rate. Current NOI: $171,269; 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.
| Interior Features | Flooring - Concrete |
| Cooling Types | Cooling - Yes Cooling - Central Air |
| Heating Types | Central Heat Heating - Yes |
| Parking Types | Off Street |
| Exterior Features | Utilities - Electricity Available Utilities - Natural Gas Available Sprinkler/Irrigation |
| Roof | Membrane |
| Construction Types | Block Concrete Frame |
| Water Source | Public |
| Sewer | Public Sewer |
| Date on Market | 03/31/2023 |
| Property Type | Commercial Sale |
| Property Sub Type | Mobile Home |
| Style | Levels - One Stories - 1 |
| Year Built | 1993 |
| HOA Fee | $0.00 |
| Taxes | $39,864.00 |
| County | linn |
The real estate listing information and related content displayed on this site 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. This information and related content is deemed reliable but is not guaranteed accurate by the MLS or this website. Data updated every 15 minutes.
