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Description
2740 1st Ave NE presents a stable, 100% occupied medical office investment in the heart of Cedar Rapids. The 15,003 SF building is positioned on a 0.705-acre parcel with ample on-site parking and excellent visibility along a main commercial corridor. The property delivers consistent income backed by established healthcare tenants, generating an NOI of $146,828.76 and offered at a 6.75% CAP rate. With its central 1st Avenue location, strong tenant profile, and flexible zoning, the asset offers investors both dependable cash flow and long-term value potential.
Property Highlights
Property Type: Commercial - Business
Building Description: 1.0 stories
Year Built: 1968
General Information
County: Linn
Listed By:
SKOGMAN REALTY COMMERCIAL
319-363-8286
Tiffany Earl Williams-WSG CRE
Cedar Rapids MLS
MLS ID: 2507562
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2740 1st Avenue Ne, Cedar Rapids, IA 52402.
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| Loan Type | FHA 30 Year Fixed | VA 30 year fixed | 30 yr Jumbo |
| Purchase Price | $2,175,000 | $2,175,000 | $2,175,000 |
| Down Payment | $76,125 | $0 | $435,000 |
| Monthly Mortgage Amount | $12,976 | $13,500 | $10,572 |
| Taxes | $3027 | $3027 | $3027 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $1,305 | $0 | $0 |
| Monthly Estimated Total | $17,942 | $17,161 | $14,233 |
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 04/24/2026. The listing information on this page last changed on 04/24/2026. 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 04/24/2026 12:12:58 AM EST) or MRED MLS (last updated Fri 04/24/2026 12:05:05 AM EST) or SCWMLS (last updated Thu 04/23/2026 11:54:43 PM EST) or Rockford Board of Realtors (NWIAR) (last updated Thu 04/23/2026 10:15:31 PM EST) or Cedar Rapids MLS (last updated Thu 04/23/2026 10:44:22 PM EST) or NEIRBR MLS (last updated Fri 04/24/2026 12:08:46 AM EST) or ICAAR MLS (last updated Thu 04/23/2026 11:37:29 PM EST) or ECIMLS (last updated Thu 04/23/2026 11:44:17 PM EST) or RMLSA (last updated Fri 04/24/2026 12:10:59 AM EST) or Muscatine MLS (last updated Thu 04/23/2026 8:44:13 PM EST) or No Coast MLS (last updated Fri 04/24/2026 12:04:25 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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