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3939 1st Avenue SE, Cedar Rapids, IA 52402

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3939 1st Avenue SE, Cedar Rapids, IA 52402

MLS Number: 2509383   |   Subtype: Commercial   |   Area: SE Quadrant
$ 12.00 /SF
This 7,329 SF commercial space on 1.62 acres offers exceptional visibility with 139 feet of prime 1st Avenue frontage and an average of 22,729 vehicles passing daily. This former Outback Steakhouse is currently equipped as a restaurant with much of the kitchen and bar infrastructure included. It’s an ideal turnkey option for food-service operators, yet easily adaptable for retail or showroom use. The property sits at a highly visible lighted intersection with a bus top, just one mile from Cedar Rapids’ largest employer and minutes (3.7 miles) from downtown Cedar Rapids. Located near the city’s busiest retail hub-including Lindale Mall and multiple major shopping centers-it benefits from strong surrounding traffic and consumer activity. With 118 parking spaces, pylon signage, and easy access, the site supports high customer flow and brand visibility. The 15-mile trade area includes 164,634 residents, 68,802 households, 88,486 employee population, with an average income of $107,096, offering strong buying power and consistent demand. This location provides flexibility, exposure, and demographics ideal for a wide range of business uses.

Property

  • County: Linn
  • Lot Size: 70,567 sf
  • Acres: 1.6200
  • Year Built: 1984
  • Zoning: SMC
  • Gross tax: $46,204.00

Building

Total Building SF: 7,329
Ceiling Height: 11ft-14ft

Utilities

Utilities: Electricity Available, Natural Gas Available
Heating/Cooling: Central Heat, Gas Heat, Central Air
Water Source: City Water
Sewer: City Sewer

Lease Terms

Lease Type: Net
Lease Price per SF: $12.00
Tenant Pays: Common Area Maintenance, Electricity, Gas, Heat, Insurance, Janitorial Service, Taxes, Trash Collection, Water

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