Matt Greene

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1945 42nd Street NECedar Rapids, IA 52402

Commercial · 1,980 Sq. ft. | 1.02 Acres
$995,000 Active

1945 42nd Street NE Overview

Time on Site:
6 days
Visits:
7

Rare opportunity to acquire a 1.016-acre former car dealership property with exceptional redevelopment potential just off I-380 at 42nd Street NE. Located between two signalized intersections, the site offers outstanding visibility, strong accessibility, and exposure to more than 69,000 vehicles per day. Neighboring commercial anchors include an adjacent Kwik Star, with a new McDonald's located less than one mile away. The property's prominent location, established commercial setting, and flexible redevelopment possibilities make it an attractive investment for a wide range of commercial users.

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1945 42nd Street NE Facts & Features

  • Type Commercial
  • Sq. ft. 1,980
  • Price/Sq.ft. $503
  • Lot 1.02 Acres

Details

General

Building Information

  • Year Built: 1970

Location/Region

  • County Or Parish: Linn
  • MLS Area Major: NE Quadrant
  • Postal City: Cedar Rapids

Rent/Lease Information

  • Lease Considered: false

Tax Information

  • Tax Annual Amount: 8208.0

General Information

  • Inclusions: Building,Land
  • Listing Terms: Cash
  • Parcel Number: 140912700200000
  • Property Sub Type: Industrial
  • Property Type: Commercial Sale
  • Zoning: TMC

Interior

Beds/Baths

  • Bathrooms Total: 0

General Information

  • Basement: false
  • Building Features: Overhead Doors,Private Restrooms,Pole Sign,Single-Tenant
  • Electric: 220 Volts
  • Flooring: Concrete
  • Levels: One
  • Living Area: 1980.0
  • Stories: 1
  • Stories Total: 1

Exterior

Parking Information

  • Parking Features: Off Street

Lot Information

  • Lot Size Acres: 1.016
  • Lot Size Area: 1.016
  • Lot Size Dimensions: 1.016 Ac
  • Lot Size Units: Acres
  • Water Source: Public

Building Exterior/Construction

  • Roof: Asphalt,Shingle

General Information

  • Sewer: Public Sewer
  • Utilities: Electricity Available,Natural Gas Available

1945 42nd Street NE Neighborhood

Community

52402 (Cedar Rapids) Demographics

36
Median Age
2,949
Population Density (per sq. mile)
51%
College Educated
$63,635
Estimated Median Income
11,972
Estimated Total Home Owners
5,357
Estimated Total Renters
69% / 31%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

1945 42nd Street NE Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1945 42nd Street NE Market Data

Based on the last 30 days in this zip code

$264,791
Average List Price
$145
Average Price per Square Foot
56
Properties Sold
60
Average Days on Market
191
Properties for Sale
Calculations provided by Reliance Network

1945 42nd Street NE History

Date Event Value Agent
6/24/2026Source: Cedar Rapids Area MLS Added to Database
June 24, 2026
Listing provided courtesy of GLD COMMERCIAL- MLS# 2604508MLS Provider