$1 Auction - REIT Sale | Former Day Care 1350 Blair's Ferry Rd NE Local commercial 567 m² À vendre Cedar Rapids, IA 52402 106 026 € (187,09 €/m²)

Marcus & Millichap is pleased to present a vacant, free-standing retail building located at 1350 Blairs Ferry Road NE, Cedar Rapids, Linn County, Iowa (the “Property”). Formerly occupied by La Petite Academy, the Property is being offered significantly below replacement cost, creating an exceptional opportunity for owner-users or investors to acquire a high-visibility commercial asset adjacent to a high-traffic McDonald’s QSR—all at a compelling basis. FIRST BID MEETS RESERVE!
Built in 1992, the Property features a ±6,100-square-foot, single-story building on ±1.17 acres (±50,750 SF) with ±27 surface parking spaces. The site offers one point of ingress/egress and benefits from 290 feet of frontage along the east side of the Rockwell Collins office access road and 172.5 feet of frontage along the north side of Blairs Ferry Road, which sees nearly 24,000 vehicles per day (VPD). Previously leased on a triple-net (NNN) basis to La Petite Academy, the Property now presents a value-add leasing opportunity, with CoStar-estimated retail rents ranging from $15-18/SF NNN. Zoned S-MC, Suburban Mixed Use Community Center, the site supports a broad range of commercial uses, making it highly adaptable for various end-users or retail redevelopment strategies.
The Property is located within the Blairs Ferry Road commercial corridor in northeast Cedar Rapids, one of the city’s most active and visible retail and service destinations. Positioned in the northeast quadrant of Council Street (±15,420 VPD) and Blairs Ferry Road directly adjacent to McDonald’s, the site benefits from exceptional accessibility to Collins Road/State Route 100 (±30,808 VPD) and I-380 (±38,908 VPD)—two of the city’s busiest commercial thoroughfares. I-380 provides efficient north–south connectivity across the Cedar Rapids MSA and links directly to Interstate 80, approximately ±20 miles south, facilitating regional access to Iowa City, Des Moines, and beyond. The surrounding trade area features a strong mix of national retailers, restaurants, and service providers, including Target, Hy-Vee, Sam’s Club, Starbucks, Walgreens, along with numerous hospitality and quick-service restaurants, all contributing to consistent daily traffic and consumer activity. Major demand drivers include Collins Aerospace, one of the region’s largest employers with thousands of on-site employees, as well as Mercy Medical Center, UnityPoint Health – St. Luke’s Hospital, and Mount Mercy University, each drawing significant daytime and visitor populations. The Blairs Ferry Road corridor serves a diverse and stable residential base, with ±139,365 residents within a 5-mile radius and an average household income (AHHI) of$103,785, reflecting both strong purchasing power and long-term market stability. Combined with the Property’s superior frontage, direct adjacency to McDonald’s, and strategic positioning at a high-visibility intersection, these fundamentals make it ideally suited for re-use, value-add leasing, or redevelopment strategies that capitalize on steady traffic and demand.