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640 Blairs Ferry Road NE Cedar Rapids, IA 52402 Commercial - Office Active

New - 18 Hours Ago
  • 640 Blairs Ferry Road Ne, Cedar Rapids, IA 52402 Main Photo

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Description

FOR SALE: Prime investment opportunity with Blairs Ferry Road frontage in Cedar Rapids, IA. This property is 3.25 acres and is well suited for another church or educational setting, but also lends itself to a redevelopment opportunity, offering versatility for a range of potential uses. The church building on site is 7,486 sqft and features a sanctuary, classroom space, office space, reception area, restrooms. Traffic counts in excess of 25,000 per day. This site is situated in between C Ave NE and Council St. NE, with quick proximity to Highway 100. Surrounding neighbors include Collins Aerospace, Target, and a variety of retail companies, and residential neighborhoods. Current zoning is 'Suburban Residential Large Lot' and the Cedar Rapids Future Land Use map calls for 'Urban Medium Intensity.'

Property Highlights

Property Type: Commercial - Office
Building Description: 1.0 stories
Year Built: 2002
Lot Size: 3.25 acres

General Information

County: Linn
Listed By:
GLD COMMERCIAL Erica Seelman 319-731-3400
Cedar Rapids MLS
$1,100,000
Est. $8,703/mo
New to the Market Active
SQUARE FEET7,486 MLS#2606076
STATUSActive PROPERTY TYPECommercial - Office

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Ruhl&Ruhl Realtors

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640 Blairs Ferry Road Ne, Cedar Rapids, IA 52402.

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Loan Type FHA 30 Year Fixed15 Year FixedVA 30 year fixed
Purchase Price $1,100,000$1,100,000$1,100,000
Down Payment $38,500$275,000$0
Monthly Mortgage Amount $6,738$6,851$7,010
Taxes $1531$1531$1531
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $660$0$0
Monthly Estimated Total $9,250$8,703$8,862

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