Map of Property

3214 1st Ave NE

For Sale

3214 1st Ave NE, Cedar Rapids, IA 52402

This Cedar Rapids property for sale is located at 3214 1st Ave NE. The general use of 3214 1st Ave NE is retail and it incorporates 2,437 square feet of class A retail space. The current listed sale price for 3214 1st Ave NE is $2,577,950. 3214 1st Ave NE is situated on a lot that is 0.62 acre in size.

Contacts

broker
Adam Gibbs, SIOR

GLD Commercial

Property Details

  • Property Type Retail - Restaurant
  • Property Size 2,437 SF
  • Lot Size 0.62 Acre
  • Building Class A
  • Year Built 2024
  • Date Updated Sep 9, 2025
Corner lot with prime frontage along 1st Avenue NE, Cedar Rapids' main retail corridor.For Sale: Single-tenant Starbucks at 3214 1st Avenue NE, Cedar Rapids, IA. Offered at a 5.85% cap rate, the property generates $150,810 annually with a 10% rent increase at EOY Year 5 and 9 years remaining on the lease (exp. 2/28/2035). Located on 1st Avenue NE, one of the city’s most prominent retail corridors, the site offers strong visibility, traffic counts, and a dense surrounding customer base. Recent property updates and Starbucks’ long-term commitment make this an attractive, stable investment opportunity.
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Highlights

  • $150,810 current annual net rent
  • 10% rental rate increase at the end of Year 5
  • 9 years lease term remaining

Getting around

  • 74/100

    Walk Score ®

  • 24/100

    Transit Score ®

  • 46/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Cedar Rapids, IA
  • Zip Code 52402

Points of Interest

  • Kum & Go

    0.06 miles

  • Casey's General Store

    0.21 miles

  • Shell

    0.29 miles

  • ChargePoint

    0.65 miles

  • Sinclair

    1.13 miles

  • Hy-Vee Gas

    1.14 miles

  • Kwik Shop

    1.40 miles

  • Sierra Convenience

    1.45 miles

  • Tesla Destination Charger

    1.50 miles

  • Sinclair - Hawkeye

    1.62 miles

  • Prairie Drive Lot

    0.92 miles

  • 27th Street Lot

    0.99 miles

  • Upper Andreas Lot

    1.09 miles

  • Lower Andreas Lot

    1.11 miles

  • Immaculate Conception Catholic Church Parking

    2.32 miles

  • Five Seasons Parking Ramp

    2.58 miles

  • Lot 10

    2.68 miles

  • 3rd Avenue Ramp

    2.70 miles

  • Lot 9

    2.70 miles

  • Lot 12

    2.75 miles

  • Break Room

    0.08 miles

  • Starlite Room

    0.08 miles

  • Dairy Queen

    0.09 miles

  • Chef Wong

    0.10 miles

  • Milio's Sandwiches

    0.29 miles

  • Vino's Ristorante & R.G. Books Lounge

    0.35 miles

  • Siamville

    0.36 miles

  • Godfather's Pizza

    0.39 miles

  • Bandana's Bar-B-Q

    0.44 miles

  • The Taco Depot

    0.52 miles

  • Town and Country Shopping Center

    0.38 miles

  • Fareway

    0.46 miles

  • Kohl's

    1.12 miles

  • Cassil Motors

    1.12 miles

  • TJ Maxx

    1.13 miles

  • Von Maur

    1.16 miles

  • Lindale Mall

    1.20 miles

  • Hy-Vee

    1.24 miles

  • ALDI

    1.40 miles

  • Twixt Town Shopping Center

    1.45 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Adam Gibbs, SIOR

GLD Commercial

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