Commons on 1st

For Sale

1420 1st Ave NE , Cedar Rapids, IA 52402

This Cedar Rapids property for sale is located at 1420 1st Ave NE . The current listed sale price for Commons on 1st is $4,999,900. Commons on 1st is situated on a lot that is 0.87 acre in size.

Contacts

broker
Addie Eichhorn

GLD Commercial

Property Details

  • Property Type Retail - Street Retail
  • Property Size 28,270 SF
  • Units 4
  • Lot Size 0.87 Acre
  • Year Built 2018
  • Date Updated Jun 17, 2025
Strategically positioned near Coe College on 1st Avenue, making it ideal for retail, office, or restaurant use.1420 1st Ave is a mixed-use investment opportunity located in the heart of the College District in Cedar Rapids, Iowa. Built in 2018, this Class A investment property consists of 18 market-rate residential apartment units and 8,444 SF of ground level commercial space. For more information about 1420 1st Ave NE or to set up a showing, contact listing agent only. Confidentiality Agreement required to review the Offering Memorandum.Suite 102: High-traffic retail space available in a prime location with excellent visibility. This space offers flexibility, with 2,500 SF currently available and the potential to accommodate up to 5,000 SF for larger tenants. Above the retail space, 18 residential units provide a built-in customer base and contribute to the property's mixed-use appeal. This combination of commercial and residential elements creates a vibrant, integrated environment that can benefit businesses by providing a steady stream of potential customers. Co-tenants include popular brands like Jimmy John's and Scooter's Coffee, with neighboring establishments such as Starbucks, Wendy's, and Arby's. The area boasts a substantial daily traffic count of nearly 18,000 vehicles, ensuring high visibility and a constant flow of potential customers.
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Highlights

  • Class A mixed-use investment property
  • Near Coe College with high visibility on 1st Avenue

Getting around

  • 81/100

    Walk Score ®

  • 29/100

    Transit Score ®

  • 61/100

    Bike Score ®

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Location

  • City Cedar Rapids, IA
  • Zip Code 52402

Points of Interest

  • ChargePoint

    0.03 miles

  • Fas Fuel

    0.04 miles

  • Sinclair - Hawkeye

    0.23 miles

  • Kum & Go

    0.68 miles

  • Conoco

    0.91 miles

  • Casey's General Store

    1.11 miles

  • Kwik Shop

    1.42 miles

  • Shell

    1.57 miles

  • Hy-Vee Gas

    1.61 miles

  • Tesla Supercharger

    2.19 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
Addie Eichhorn

GLD Commercial

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