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Exceptional opportunity to own a piece of Cedar Rapids' culinary history! This 1,050 SF commercial property is situated along 1st Avenue offering outstanding visibility. The real estate and (FF&E) are included in the sale, making it an ideal choice for restauranteurs or business owners seeking a turnkey solution. The property is currently home to the beloved Maid-Rite West, a nostalgic dining destination known for its classic loose meat sandwiches and hearty comfort food. The charming retro decor and loyal customer base provide a strong foundation for continued success. For buyers looking to maintain the current concept, the franchise rights are available, along with the opportunity to retain the experienced manager, who has been with the restaurant for 20 years.
| DAYS ON MARKET | 325 | LAST UPDATED | 9/4/2025 |
|---|---|---|---|
| YEAR BUILT | 1980 | COMMUNITY | OutOfArea |
| COUNTY | Linn | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| PRICE HISTORY | |
| Prior to Jul 17, '25 | $250,000 |
|---|---|
| Jul 17, '25 - Sep 4, '25 | $215,000 |
| Sep 4, '25 - Today | $198,000 |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | OutOfArea |
| CONSTRUCTION | Block |
| HEAT | Central, Natural Gas |
| LOT | 5663 sq ft |
| TAXES | 1546 |
| UTILITIES | Electricity Available, Natural Gas Available, Sewer Available, Phone Available |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by Angie Glick, GLD Commercial Real Estate Advisors
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