1060 Old Marion Road NE, Cedar Rapids, IA 52402
Linn County
Key Facts
Description
Fully leased multi-tenant retail property located in a well-established NE Cedar Rapids commercial corridor. The property is occupied by four tenants: Mulligans, Inspirations Salon, Taste of India (Grocery), and Taste of India restaurant, providing a diversified mix of food, retail, and service uses. Strategically positioned with strong visibility and convenient access to major thoroughfares, the asset benefits from surrounding residential density and consistent consumer traffic. A stable, income-producing investment opportunity with diversified tenancy in a solid Cedar Rapids submarket.
Property Information
Property Type
Commercial Sale
Year Built
2003
Living Area
15,200 sq ft
Lot Size
1.35 acres
Lot Dimensions
58806
Zoning
TRADITIO
Days on Market
91
MLS® Listing#
2601115
Property Features
Cooling
Heating
Flooring
Parking
Construction
Roof
Utilities
Sewer
Water Source
Financial Details
HOA
None
Annual Taxes
$46,837
Parcel Number
140337902700000
Directions
1-380 to 42nd Street NE East, North on Old Marion Road NE
Affordability Calculator
$511,470
Estimated monthly payment
$13,611/mo
Principal $2,045,880 · Est. interest $2,854,185 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Cedar Rapids, IA
- $308,808
- Median Listing Price
- 69
- Median Days on Market
- 1,674
- Median Sq Ft
- $164
- Median Price / Sq Ft
- 412
- Active Listings
- This home’s price is 728% above the area median.
- Its price per sq ft is 3% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Cedar Rapids, IA.
Location
Points of Interest in Cedar Rapids, IA
Showing the Cedar Rapids area map.
Nearby Schools
Summit Schools
Secondary · 0.2 mi away
Harding Middle School
Secondary · 0.3 mi away
Wright Elementary School
Elementary · 0.6 mi away
Xavier High School
Secondary · 0.6 mi away
Apple Kids
School · 0.6 mi away
KENWOOD Elementary School
Elementary · 0.6 mi away
St Pius X School
School · 0.6 mi away
Caring Corner
School · 1.0 mi away
Pierce Elementary School
Elementary · 1.4 mi away
Regis Middle School
Elementary · 1.4 mi away
Arthur Elementary School
Elementary · 1.4 mi away
Garfield Elementary School
Elementary · 1.5 mi away
Bova's Class
School · 1.6 mi away
Kennedy High School
Secondary · 1.6 mi away
Isaac Newton Christian Academy
School · 1.6 mi away
Good Shepherd Lutheran Day School
Elementary · 1.8 mi away
Franklin Middle School
Secondary · 1.8 mi away
Nixon Elementary School
Elementary · 1.8 mi away
Champions at Nixon Elementary School
Elementary · 1.8 mi away
Bowman Woods Elementary School
Elementary · 1.9 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 206-210 Main Street, Cedar Falls, IA | $1,800,000 | — | — | 15,378 |
| 3939 1st Avenue SE, Cedar Rapids, IA | $1,800,000/mo | — | — | 7,329 |
| 115 Benesh Lane, Cedar Rapids, IA | $1,800,000 | — | — | — |
| 8201 Council NE, Cedar Rapids, IA | $1,802,240 | — | — | — |
| Lot 9 Ders Drive NW, Cedar Rapids, IA | $1,802,705 | — | — | 13,248 |
| 6430 4th Street SW, Cedar Rapids, IA | $1,861,000 | — | — | 16,920 |
Moving Cost Estimate
EXIT Agents in Cedar Rapids
Listing Courtesy: SKOGMAN REALTY COMMERCIAL - 3193638286
Presented by: Tiffany Earl Williams-WSG CRE