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Description
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.
Property Highlights
Property Type: Commercial - Retail
Building Description: 1.0 stories
Year Built: 1970
Lot Size: 1.02 acres
General Information
County: Linn
Listed By:
SKOGMAN REALTY COMMERCIAL
319-363-8286
Tiffany Earl Williams-WSG CRE
Cedar Rapids MLS
MLS ID: 2503560
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1945 42nd Street Ne, Cedar Rapids, IA 52402.
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $998,000 | $998,000 | $998,000 |
| Down Payment | $199,600 | $34,930 | $249,500 |
| Monthly Mortgage Amount | $4,659 | $5,954 | $6,066 |
| Taxes | $1389 | $1389 | $1389 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $599 | $0 |
| Monthly Estimated Total | $6,339 | $8,233 | $7,746 |
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 04/17/2026. The listing information on this page last changed on 04/17/2026. 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 Fri 04/17/2026 12:02:09 AM EST) or MRED MLS (last updated Thu 04/16/2026 11:57:57 PM EST) or SCWMLS (last updated Thu 04/16/2026 11:54:38 PM EST) or Rockford Board of Realtors (NWIAR) (last updated Thu 04/16/2026 10:16:31 PM EST) or Cedar Rapids MLS (last updated Thu 04/16/2026 10:44:14 PM EST) or NEIRBR MLS (last updated Thu 04/16/2026 11:58:42 PM EST) or ICAAR MLS (last updated Thu 04/16/2026 11:37:29 PM EST) or ECIMLS (last updated Thu 04/16/2026 11:44:15 PM EST) or RMLSA (last updated Fri 04/17/2026 12:00:58 AM EST) or Muscatine MLS (last updated Fri 04/17/2026 12:00:24 AM EST) or No Coast MLS (last updated Thu 04/16/2026 11:54:22 PM 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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