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1308 Adair Ct SW Cedar Rapids, IA 52404 Commercial - Business Active

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Description

Now available: First Class Storage, a modern, high-demand storage facility strategically located next to the Eastern Iowa Airport. This is a turn-key opportunity to own the entire complex, offering both investment potential and immediate rental income. Here are a few highlights including income & occupancy: This site opened in November 1st, 2025 Occupancy is ahead of business plan. Property Overview Strong unit mix Prime location with excellent visibility and easy access to major highways Secure, well-maintained, and built for today's storage demands ?? Unit Mix & Rental Rates 10x20: 91 units | $135 /month 10x30: 69 Units | $165 /month 10x30: with electricity | $295 / month 14x40: w/o electricity | 5 Units | 5 occupied | $325 /month 14x40: with electricity | 3 Units | 3 occupied | $650 /month Total Units: 168 OH

Property Highlights

Property Type: Commercial - Business
Year Built: 2025
Lot Size: 3.49 acres

General Information

County: Linn
Listed By:
Pinnacle Realty LLC Trev Adair 319-393-0900
Cedar Rapids MLS
$4,150,000
Est. $27,970/mo
Active
SQUARE FEET43,380 MLS#2605019
STATUSActive PROPERTY TYPECommercial - Business

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Ruhl&Ruhl Realtors

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1308 Adair Ct Sw, Cedar Rapids, IA 52404.

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Loan Type FHA 30 Year Fixed30 yr Jumbo
Purchase Price $4,150,000$4,150,000
Down Payment $145,250$830,000
Monthly Mortgage Amount $25,422$20,985
Taxes $5775$5775
Insurance $100$100
HOA/Dues/Fees $0$0
Monthly Mortage Insurance $2,490$0
Monthly Estimated Total $34,897$27,970

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