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About This Home

This 0-bedroom, 0-bathroom commercial at 3939 1st Avenue SE in Cedar Rapids, IA is listed for $1,800,000 ($246 per sqft). Built in 1984, the home offers 7,329 sqft of living space on a 1.62 acres lot.

Agent 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.

Key Features

  • Built in 1984
  • 1.62 acre lot

Property Details

1984

Amenities

A/C

Monthly Cost Estimate

$9,627/mo

20% down · 6.5% · 30 years

Principal$1,302
Interest$7,800
Insurance$525

Estimates only. Actual payments may vary.

Location

3939 1st Avenue SE

Cedar Rapids, IA 52402

Property Details

Flooring

Wood

Construction

Frame

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 3939 1st Avenue SE is listed at $1,800,000 ($246/sqft). The estimated monthly payment is $7,800 based on 20% down at 6.5% interest.

Key features include: Built in 1984, 1.62 acre lot.

This property is listed by Kevin Heinbuch and can be reached at (319) 892-3344 or kevin@heinbuch.com.

KH

Kevin Heinbuch

Agent at PRK Williams Realty

(319) 892-3344

Listed by PRK Williams Realty

MLS# 2509383· Source: listhub· Updated 196 days ago

Copyright © 2026 Cedar Rapids Area Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

3939 1st Avenue SE, Cedar Rapids, IA 52402

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