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4201 Glass Rd NE Cedar Rapids, IA 52402 Commercial - Office Active

  • 4201 Glass Rd Ne, Cedar Rapids, IA 52402 Main Photo

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Description

This versatile multi-tenant office building offers significant future leasing potential. Spanning 7,360 square feet on over 1.5 acres, the property features ample onsite parking with 44 spaces. The building has seen recent updates to Suite A, adding a modern touch to its interior, as well as a roof replacement in the summer of 2026. Currently configured for two tenants, it offers a flexible setup that allows for continued multi-tenant use or conversion to a single-tenant layout, maximizing leasing opportunities. With Cedar Rapids Pain Associates occupying 4,106 square feet under a NNN lease at $12.10/SF ($4,140/mo. + OpEx) through January 31, 2029, the property already generates stable income for an owner-user or investor. Priced below market compared to similar properties in the area, this office building represents a unique opportunity to capitalize on a prime location and secure long-term value.

Property Highlights

Property Type: Commercial - Office
Year Built: 1992
Lot Size: 1.64 acres

General Information

County: Linn
Listed By:
GLD Commercial Real Estate Advisors Angie Glick 319-731-3410
ICAAR MLS
$850,000
Est. $5,729/mo
Active
SQUARE FEET7,360 MLS#202601065
STATUSActive PROPERTY TYPECommercial - Office

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Ruhl&Ruhl Realtors
563.441.1776

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4201 Glass Rd Ne, Cedar Rapids, IA 52402.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $850,000$850,000$850,000
Down Payment $170,000$29,750$212,500
Monthly Mortgage Amount $4,298$5,207$5,337
Taxes $1183$1183$1183
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$374$0
Monthly Estimated Total $5,729$7,012$6,768

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