What is the asking price for 1140 Blairs Ferry Rd NE?

The lease rate for space here is Contact for pricing.

What type of property tenancy can you find at 1140 Blairs Ferry Rd NE?

This property is listed as Multi-Tenant.

What is the total size of 1140 Blairs Ferry Rd NE?

The property has a total square footage of 7,801 SF.

When was this property built?

1140 Blairs Ferry Rd NE was built in 1993.

How many parking spaces are available at 1140 Blairs Ferry Rd NE?

Parking information for the property isn't currently listed. However, other nearby parking options include 27th Street Lot, located 2.15 miles away , and Prairie Drive Lot, which is 2.22 miles away.

1140 Blairs Ferry Rd NE, Cedar Rapids, IA 52402

For Sale $2,362,335
Property Type Retail - Street Retail
Property Size 7,801 SF
Lot Size 1.12 Acre
Property Tenancy Multi-Tenant
Building Class A
Year Built 1993
Date Updated May 26, 2026

Description

Excellent location on Blairs Ferry Rd NE between Council Street and Rockwell Dr NE.Fully Leased and recently remodeled retail investment opportunity near Super Target! Multi-tenant retail property located along Blairs Ferry Rd NE - nearly 23,000 vehicles per day. THE PROPERTY WAS EXTENSIVELY RENOVATED IN 2021/2022, INCLUDING A NEW ROOF, NEW FACADE AND ALL NEW HVAC. Tenants include: Dunn Brothers Coffee, The Good Feet Store, and Mextizo; all leases are personally guaranteed by principals of the tenant entities. 128 parking spaces included. 7.5% CAP rate. Current NOI: $175,972; subject to annual rental increases per the leases. Contact listing agent for additional details. Member of the ownership entity is a licensed REALTOR in the state of Iowa.