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4201 Glass Road NE Cedar Rapids, IA 52402 Commercial - Office Active

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Description

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 Highlights

Property Type: Commercial - Office
Building Description: 1.0 stories
Year Built: 1992
Lot Size: 1.64 acres

General Information

County: Linn
Listed By:
GLD COMMERCIAL 319-731-3400 Angie Glick
Cedar Rapids MLS
$825,000
Est. $5,346/mo
Active
SQUARE FEET7,360 MLS#2400854
STATUSActive PROPERTY TYPECommercial - Office

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Ruhl & Ruhl Careers
563.441.1776

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4201 Glass Road Ne, Cedar Rapids, IA 52402.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $825,000$825,000$825,000
Down Payment $165,000$28,875$206,250
Monthly Mortgage Amount $3,957$4,857$5,097
Taxes $1148$1148$1148
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$363$0
Monthly Estimated Total $5,346$6,609$6,486

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