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1945 42nd Street NE Cedar Rapids, IA 52402 • Commercial - Retail • Active

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Description

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 80,000 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.

Property Highlights

Property Type: Commercial - Retail
Building Description: 1.0 stories
Year Built: 1970
Lot Size: 1.02 acres

General Information

County: Linn
Listed By:
GLD COMMERCIAL Jennifer Sexton 319-731-3400
Cedar Rapids MLS
$995,000
Est. $6,512/mo
Active
SQUARE FEET1,980 MLS#2604508
STATUSActive PROPERTY TYPECommercial - Retail
TOUR PROPERTY

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Agent Name: Lynn Hergert
 Agent Phone: (309) 738-8198
 Agency Title: Ruhl&Ruhl Realtors
 Agent Email:

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1945 42nd Street Ne, Cedar Rapids, IA 52402.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $995,000$995,000$995,000
Down Payment $199,000$34,825$248,750
Monthly Mortgage Amount $4,837$5,936$6,147
Taxes $1385$1385$1385
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$597$0
Monthly Estimated Total $6,512$8,208$7,822

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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 07/02/2026. The listing information on this page last changed on 07/02/2026. 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 Thu 07/02/2026 11:39:39 AM EST) or MRED MLS (last updated Thu 07/02/2026 11:36:40 AM EST) or SCWMLS (last updated Thu 07/02/2026 11:31:16 AM EST) or Rockford Board of Realtors (NWIAR) (last updated Thu 07/02/2026 11:06:30 AM EST) or Cedar Rapids MLS (last updated Thu 07/02/2026 11:34:29 AM EST) or NEIRBR MLS (last updated Thu 07/02/2026 11:29:11 AM EST) or ICAAR MLS (last updated Thu 07/02/2026 11:37:46 AM EST) or ECIMLS (last updated Thu 07/02/2026 11:36:23 AM EST) or RMLSA (last updated Thu 07/02/2026 11:31:08 AM EST) or Muscatine MLS (last updated Thu 07/02/2026 11:30:18 AM EST) or No Coast MLS (last updated Thu 07/02/2026 11:34:34 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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