1945 42nd St NE - Freestanding FOR SALE


Cedar Rapids, IA 52402
$795,000 USD
319-651-8165
1945 42nd St NE, Cedar Rapids, IA for Sale
$795,000 USD
Freestanding - FOR SALE
1/3
null | Request Cap Rate

Jul '25


1945 42nd St NE
Cedar Rapids, IA 52402


HIGHLIGHTS

  • High Impact location of I-380 and 42nd Street
  • Over 65,000 average cars per day
  • Great for service-oriented businesses and could be adapted for drive thru

OVERVIEW

High-impact location with exceptional visibility and strategic positioning just off I-380 at 42nd Street, near Kennedy High School. The existing 1980-built structure is currently operated as a car dealership but offers flexible repurposing potential for a variety of uses, including retail, office, or service-oriented businesses and could be adapted for drive thru. Ideally located between two signalized intersections, the site has great access and maximum exposure along the interstate. Adjacent to a nature trail with direct trailhead access, the property attracts significant biker and pedestrian traffic. A large pylon sign provides prominent branding opportunities. Includes parcels- 140912700200000, 140912701700000 and 140912701800000.

FOR SALE DETAILS

PRICE

$795,000 USD

PRICE/SF

$402 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Auto Dealership, Fast Food, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.02 AC

LAND SF

44,431 SF

ZONING

T-MU

APN/PARCEL ID

14091-27002-00000

ASK ABOUT THIS PROPERTY

Tiffany Earl-WilliamsTiffany Earl at the Skogman Commerical GroupMore Info
319-651-8165

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Tiffany Earl-WilliamsTiffany Earl at the Skogman Commerical GroupMore Info
319-651-8165

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.