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21177335
21177336

4201 Glass Rd NE, Cedar Rapids, IA 52402

AG
IA IA B64683000
GLD Commercial Real Estate Advisors
RW
IA S71287000
GLD Commercial Real Estate Advisors
Listed by GLD Commercial Real Estate Advisors
$825,000
840 days on market
Updated 3 days ago

4201 Glass Rd NE, Cedar Rapids

Details
APN 14071-80014-00000
Property Type Office
Sub Type Medical Office, Traditional Office
Square Footage 7,360
Occupancy 100%
Tenancy Multi
Lease Type NNN
Class B
Year Built 1992
Buildings 1
Stories 1
Acreage 1.640
Zoning T-ML
Parking Spaces 44 spaces
Parking Per SqFt 5.98
Sale Condition For sale by owner

Multi-Tenant Office Building for Sale

Marketing description

This versatile multi-tenant office building offers significant future leasing potential. Spanning 7,360 square feet on over 1.5 acres, the property features ample onsite parking with 44 spaces, providing convenience for tenants and their clients. 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. With Cedar Rapids Pain Associates occupying 4,106 square feet under a NNN lease at $12.10/SF ($4,140/mo. + OpEx) through January 31, 2029, the property already generates stable income for an owner-user or investor. Priced below market compared to similar properties in the area, this office building represents a unique opportunity to capitalize on a prime location and secure long-term value.

Investment highlights

• Cedar Rapids Pain Associates occupies 4,106 SF

• LPI Loans occupies 3,254 SF

• Outdoor patio area overlooking a wooded lot

Listing Contacts

AG
IA IA B64683000
GLD Commercial Real Estate Advisors
RW
IA S71287000
GLD Commercial Real Estate Advisors
Listed by GLD Commercial Real Estate Advisors

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Additional Information

Name
Angie Glick-Martin
License
IA B64683000
Brokerage
GLD Commercial
Brokerage Phone
3197313400
Title
Principal
Name
Rachel Waters
License
S71287000
Brokerage
GLD Commercial
Brokerage Phone
319-731-3400
Title
Agent Associate
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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