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$1,800,000

0 Beds 0 Baths 7,329 SQFT 1.62 Acres
Type: Com Lease

3939 1st Avenue SE
Cedar Rapids, IA 52402

MLS#: 2509383
Jerome Edwards
Jerome Edwards
Pinnacle Realty
Realtor
Phone: 319.594.2525
Office: 319.393.0900
Presented by: PRK Williams Realty

Property Description

 

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.


 

Interior Features

Bathrooms

Total Baths0

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)Yes
FlooringWood
Heating Y/NYes
Total Stories1

General

Building FeaturesKitchen Facilities, Loading Dock, Private Restrooms, Pole Sign, Single-Tenant
Business NameFormer Outback
Business TypeRestaurant
CityCedar Rapids
Construction MaterialsFrame
CoolingCentral Air
CountyLinn
DirectionsCorner of 1st Ave SE and 40th St.
Electric3 Phase
HOANo
HeatingCentral, Gas
Leasable Area7,329 sqft
Lease Considered Y/NYes
Lease TypeNet
Legal DescriptionPer Abstract
LevelsOne
Lot Size UnitsAcres
MLS AreaSE Quadrant
ModificationTimestamp2026-03-16T18:15:37.987-00:00
PossessionImmediately
PostalCityCedar Rapids
Property Sub Type AdditionalRetail, Special Purpose
Property SubtypeRetail
Property TypeCommercial Lease
RoofMembrane, Metal
Security FeaturesSecurity System, Security Lights
SewerPublic Sewer
Standard StatusActive
StatusActive
Stories Count1
Tax Annual Amount$46,204
Tenant PaysCommon Area Maintenance, Electricity, Gas, Heat, Insurance, Janitorial Service, Taxes, Trash Collection, Water
UtilitiesElectricity Available, Natural Gas Available
Virtual TourClick here
Year Built1984
ZoningSMC
Zoning DescriptionSMC

Exterior

InclusionsBuilding, Land, See Remarks
Lot Dimensions70, 567 sf
Lot Size Acres1.62
Lot Size Area1 sqft
Parking FeaturesOff Street
Water SourcePublic

Additional Details

Price History

Schools 

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

  

Similar Properties

$1,800,000

0 Beds 0 Baths 7,329 SQFT 1.62 Acres
Type: Com Lease

3939 1st Avenue SE
Cedar Rapids, IA 52402

MLS#: 2509383
Jerome Edwards
Jerome Edwards
Pinnacle Realty
Realtor
Phone: 319.594.2525
Office: 319.393.0900