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10920 290-298 Blairs Ferry Rd NE 31,980 SF 100% Leased Retail Building Cedar Rapids, IA 52402 $5,691,202 ($177.96/SF) 8% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Prominent location with a high daily traffic count.

EXECUTIVE SUMMARY

Presenting a high-quality investment property at 294-298 Blairs Ferry Rd NE in Cedar Rapids, IA. This multi-tenant asset is anchored by UnityPoint Health, operating both a hospice office and a durable medical equipment retail center. Additional tenants include the University of Dubuque’s remote learning facility and Salon Suites, a popular retail cosmetology concept. These diverse, stable tenants provide steady cash flow across healthcare, education, and personal services sectors. Strategically located in a high-traffic corridor with excellent visibility and access, this well-maintained property offers long-term income potential and minimal management intensity—ideal for investors seeking secure returns in a growing market.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
31,980 SF
Building Class
B
Year Built
1980
Price
$5,691,202
Price Per SF
$177.96
Cap Rate
8%
NOI
$455,291
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.28
Lot Size
2.60 AC
Zoning
SMC - Suburban mixed-use community center

NEARBY MAJOR RETAILERS

Hy-Vee
Buffalo Wild Wings
Everbowl
Starbucks
Natural Grocers
Scooter's Coffee
Farrell's eXtreme Bodyshaping
Applebee's
Perkins
Olive Garden

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 14022-28003-00000
  • 14022-28004-00000
Land Assessment
$910,000
Improvements Assessment
$2,295,200
Total Assessment
$3,205,200
  • Listing ID: 36726390

  • Date on Market: 7/14/2025

  • Last Updated:

  • Address: 290-298 Blairs Ferry Rd NE, Cedar Rapids, IA 52402

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