Contact us: 563.441.1776
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
MLS ID: 2604628
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2100 1st Avenue Ne, Cedar Rapids, IA 52402.
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563-441-1862
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $695,000 | $695,000 | $695,000 |
| Down Payment | $139,000 | $24,325 | $173,750 |
| Monthly Mortgage Amount | $3,840 | $4,655 | $4,613 |
| Taxes | $967 | $967 | $967 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $306 | $0 |
| Monthly Estimated Total | $5,010 | $6,131 | $5,783 |
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 10/14/2026. The listing information on this page last changed on 10/14/2026. 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 Wed 10/14/2026 3:37:22 AM EST) or MRED MLS (last updated Tue 10/13/2026 3:39:53 PM EST) or SCWMLS (last updated Tue 10/13/2026 11:55:13 PM EST) or Rockford Board of Realtors (NWIAR) (last updated Tue 10/13/2026 10:24:28 PM EST) or Cedar Rapids MLS (last updated Tue 10/13/2026 10:44:13 PM EST) or NEIRBR MLS (last updated Wed 10/14/2026 1:18:42 AM EST) or ICAAR MLS (last updated Tue 10/13/2026 11:37:36 PM EST) or ECIMLS (last updated Tue 10/13/2026 11:44:31 PM EST) or RMLSA (last updated Wed 10/14/2026 1:10:56 AM EST) or Muscatine MLS (last updated Wed 10/14/2026 2:00:08 AM EST) or No Coast MLS (last updated Wed 10/14/2026 12:44:20 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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