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912 1st Ave Cedar Rapids, IA 52405 • Commercial - Business • Active

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Description

Prime location on 1st Avenue, this property is just minutes away from the heart of downtown, McGrath Amphitheater, hockey arena, baseball stadium, and the soon-to-be-opened casino and entertainment center. This offering includes the building along with all furniture, fixtures, and equipment, making it a turnkey opportunity. This was home to a beloved bar and restaurant for many years, and this property is now ready to welcome a new owner. An added bonus is the apartment located upstairs, which provides additional rental income. Plus, there is a basement space perfect for extra storage. Some items taken care of recently: replaced siding & entrance doors, repaving the parking lot, hvac. A new roof just went on the building.

Property Highlights

Property Type: Commercial - Business
Year Built: 1953

General Information

County: Linn
Listed By:
Pinnacle Realty LLC 319-393-0900 Kelli Feickert
Cedar Rapids MLS
$320,000
Est. $2,059/mo
Active
SQUARE FEET3,050 MLS#2509704
STATUSActive PROPERTY TYPECommercial - Business
TOUR PROPERTY

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Agent Name: Alicia Bortner
 Agent Phone: (309) 721-0358
 Agency Title: Ruhl&Ruhl Realtors
 Agent Email:

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912 1st Ave, Cedar Rapids, IA 52405.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $320,000$320,000$320,000
Down Payment $64,000$11,200$80,000
Monthly Mortgage Amount $1,514$1,884$1,945
Taxes $445$445$445
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$141$0
Monthly Estimated Total $2,059$2,570$2,490

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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 04/27/2026. The listing information on this page last changed on 04/27/2026. 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 Mon 04/27/2026 3:55:11 AM EST) or MRED MLS (last updated Mon 04/27/2026 2:04:53 AM EST) or SCWMLS (last updated Sun 04/26/2026 11:54:34 PM EST) or Rockford Board of Realtors (NWIAR) (last updated Sun 04/26/2026 10:15:22 PM EST) or Cedar Rapids MLS (last updated Sun 04/26/2026 10:44:15 PM EST) or NEIRBR MLS (last updated Mon 04/27/2026 1:18:41 AM EST) or ICAAR MLS (last updated Sun 04/26/2026 11:37:30 PM EST) or ECIMLS (last updated Sun 04/26/2026 11:44:17 PM EST) or RMLSA (last updated Mon 04/27/2026 1:10:56 AM EST) or Muscatine MLS (last updated Mon 04/27/2026 2:00:09 AM EST) or No Coast MLS (last updated Mon 04/27/2026 12:44:17 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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