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Request Info$249,900
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1569 First ave SE Overview
- Time on Site:
- 13 days
- Visits:
- 10
Mixed-use investment opportunity with strong income potential! This 2,666 sq. ft. property features a vacant commercial storefront with excellent visibility along 1st Ave SE and four residential apartments, with two units currently occupied and two ready for leasing. Recent updates include fresh paint and updated flooring, helping reduce upfront expenses. The flexible commercial space is ideal for retail, office, salon, or service-based businesses, while the residential units provide immediate and future rental income opportunities. Complete with off-street parking and a convenient location near downtown Cedar Rapids, this property offers excellent potential for investors and owner-occupants alike.
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1569 First ave SE Facts & Features
- Type Commercial
- Sq. ft. 2,666
- Price/Sq.ft. $94
- Lot 0.13 Acres
Details
General
Income/Expenses
- Existing Lease Type: Gross
Building Information
- Year Built: 1905
Business Information
- Business Name: Tina Wing
Location/Region
- County Or Parish: Linn
- MLS Area Major: SE Quadrant
- Postal City: Cedar Rapids
Rent/Lease Information
- Lease Amount: 1250.0
- Lease Considered: true
- Tenant Pays: Electricity,Gas,Heat,Trash Collection,Water
Tax Information
- Tax Annual Amount: 3120.0
General Information
- Inclusions: Building
- Listing Terms: Cash,Contract,Lease,Lease Option
- Parcel Number: 14222-11004-00000
- Property Sub Type: Business
- Property Type: Commercial Lease
- Zoning: mixed
Interior
Beds/Baths
- Bathrooms Total: 0
General Information
- Basement: true
- Building Features: Multi-Tenant
- Leasable Area: 1300.0
- Living Area: 2666.0
Exterior
Lot Information
- Lot Size Acres: 0.129
- Lot Size Area: 0.129
- Lot Size Dimensions: 5600
- Lot Size Units: Acres
- Water Source: Public
Building Exterior/Construction
- Roof: Asphalt,Membrane,Shingle
General Information
- Sewer: Public Sewer
1569 First ave SE Neighborhood
Community
52402 (CEDAR RAPIDS) Demographics
36
Median Age
2,949
Population Density (per sq. mile)
51%
College Educated
$63,635
Estimated Median Income
11,972
Estimated Total Home Owners
5,357
Estimated Total Renters
69% / 31%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.1569 First ave SE Market Data
Based on the last 30 days in this zip code
$264,791
Average List Price
$145
Average Price per Square Foot
56
Properties Sold
60
Average Days on Market
191
Properties for Sale
1569 First ave SE History
| Date | Value | Agent |
|---|---|---|
| 6/16/2026Source: Cedar Rapids Area MLS | June 16, 2026 |
Listing provided courtesy of Pinnacle Realty LLC- MLS# 2604289