Curious about this home?
Ask anything — no agents, no pressure
Try asking
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.
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
Amenities
Monthly Cost Estimate
$9,627/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
3939 1st Avenue SE
Cedar Rapids, IA 52402
Property Details
Flooring
Construction
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.





