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1239 1st Avenue SE Cedar Rapids, IA 52403 • Commercial - Office • Active

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Description

Fully leased investment property in Cedar Rapids’ MedQuarter: the Pioneer Building at 1239 1st Avenue SE, directly across from Coe College and near UnityPoint St. Luke’s, Physicians’ Clinic of Iowa, and the new 1st Avenue Starbucks. A rare chance to acquire a smaller, fully stabilized multi-tenant asset. The 5,432 SF retail/office building is 100% leased, with scheduled rent increases in place. Ownership is in the process of setting up a Reciprocal Easement Agreement (REA) to create a shared parking field behind the adjoining buildings. Modern faade, large storefront windows, quick access to I-380, and strong exposure with 22,300 VPD on 1st Avenue SE. Urban zoning. Offered at $495,000. Restrictive covenant: no tobacco, vape, liquor, or pawn shop use permitted.

Property Highlights

Property Type: Commercial - Office
Building Description: 1.0 stories
Year Built: 1960

General Information

County: Linn
Listed By:
Skogman Realty Co Tiffany Earl Williams-WSG CRE 319-363-8286
Cedar Rapids MLS
$495,000
Est. $3,501/mo
Active
SQUARE FEET5,432 MLS#2606835
STATUSActive PROPERTY TYPECommercial - Office
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Agent Name: The Healey The Healey Group
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Agency Title: Ruhl&Ruhl Realtors
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1239 1st Avenue Se, Cedar Rapids, IA 52403.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $495,000$495,000$495,000
Down Payment $99,000$17,325$123,750
Monthly Mortgage Amount $2,668$3,275$3,260
Taxes $689$689$689
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$218$0
Monthly Estimated Total $3,501$4,325$4,093

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 10/14/2026. The listing information on this page last changed on 10/14/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Wed 10/14/2026 1:19:29 AM EST) or MRED MLS (last updated Tue 10/13/2026 3:39:53 PM EST) or SCWMLS (last updated Tue 10/13/2026 11:55:13 PM EST) or Rockford Board of Realtors (NWIAR) (last updated Tue 10/13/2026 10:24:28 PM EST) or Cedar Rapids MLS (last updated Tue 10/13/2026 10:44:13 PM EST) or NEIRBR MLS (last updated Wed 10/14/2026 1:18:42 AM EST) or ICAAR MLS (last updated Tue 10/13/2026 11:37:36 PM EST) or ECIMLS (last updated Tue 10/13/2026 11:44:31 PM EST) or RMLSA (last updated Wed 10/14/2026 1:10:56 AM EST) or Muscatine MLS (last updated Wed 10/14/2026 1:15:09 AM EST) or No Coast MLS (last updated Wed 10/14/2026 12:44:20 AM EST). Real estate listings held by brokerage firms other than Ruhl&Ruhl Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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