4201 Glass Road NE, Cedar Rapids, IA 52402
MLS Number: 2400854 |
Subtype: Commercial | Area: NE Quadrant
$
825,000
This versatile multi-tenant office building offers significant future leasing potential and is strategically positioned in a sought-after area with excellent connectivity to major highways, including Hwy 100 and I-380. Spanning 7,360 SF on over 1.5 acres, the property features ample onsite parking with 44 spaces. Built in 1992, the building has seen recent updates to Suite A, adding a modern touch to its interior. 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. Cedar Rapids Pain Associates occupies 4,106 SF under a NNN lease at $11.75/SF through January 31, 2025, generating stable income for an owner-user or investor. Priced below market compared to similar properties in the area, this property represents a unique opportunity to capitalize on a prime location and secure long-term value.
Property
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County: Linn
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Lot Size: 1.64 Ac
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Acres: 1.6400
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Year Built: 1992
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Zoning: T-ML
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Gross tax: $24,984.00
Building
Total Building SF: 7,360
Ceiling Height: 7ft-10ft
Utilities
Utilities: Electricity Available, Natural Gas Available
Heating/Cooling: Central Heat, Central Air
Water Source: City Water
Sewer: City Sewer
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