Rare opportunity to lease (or purchase) a highly visible freestanding restaurant in one of Cedar Rapids' premier retail and dining corridors. This 9,500 SF former Biaggi's is sited along heavily traveled Collins Road NE, offering outstanding visibility, convenient access, and exposure to tens of thousands of vehicles daily. Surrounded by an exceptional mix of national retailers, hotels, restaurants, and major employers, the property benefits from a strong daytime workforce, affluent surrounding neighborhoods, and consistent consumer traffic throughout the day and evening. The site's generous parking, excellent ingress/egress, and recognizable location make it an outstanding opportunity for a full-service restaurant, upscale casual dining concept, specialty food user, or other high-profile retail use. This is one of the few second-generation restaurant opportunities available in the market, allowing an operator to capitalize on an established restaurant destination while significantly reducing development time and cost compared to new construction. Ownership is offering the property for lease and will also consider the sale of the property.
MLS#
202604106
MLS Feed
Icaar
Lease Rate
$23,500.00/SF
Status
Active
Property Type
Commercial Lease
Property Subtype
Retail
Property Features
Lot Size:
1.56 Acres
Taxes
$100,436
Property Descriptions
Parcel#
14022-51003-00000
Utilities
Electricity Available, Natural Gas Available, Sewer Available, Phone Available, City Water
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