Cedar Rapids, Iowa, is a prime location for investing in restaurants, with a strong economy and a growing population of around 130,000 people. Restaurants in Cedar Rapids offer a unique opportunity to capitalize on the city's cultural scene, which is rich in arts and entertainment. As a hub for education, healthcare, and information technology, Cedar Rapids attracts a diverse range of people, creating a demand for a variety of dining options. The city's infrastructure, including the Eastern Iowa Airport and major highways, makes it easily accessible, and its amenities, such as parks and recreational facilities, provide a high quality of life. With institutions like Coe College and Mount Mercy University, Cedar Rapids has a strong presence of students and young professionals, creating a built-in customer base for restaurants. The city's geography, situated on the Cedar River, also provides a natural feature that influenced the early development of Cedar Rapids, making it an attractive location for businesses and residents alike.
With 1 restaurants for sale in Cedar Rapids, there are plenty of opportunities to find the perfect investment. Restaurants in Cedar Rapids can range in size from 600 square feet to 600 square feet, offering a variety of options for investors. The average price per square foot for restaurants in Cedar Rapids is $1,955 USD, and the average cap rate is 6.9%. In addition to restaurants, Cedar Rapids also offers opportunities to invest in apartment buildings, shopping centers, specialty properties, and hotels. Apartment buildings in Cedar Rapids offer a stable source of income, while shopping centers provide a diverse range of tenants. Specialty properties, such as office buildings and warehouses, can offer a unique investment opportunity, and hotels cater to the city's growing tourism industry. With its strong economy and diverse range of investment opportunities, Cedar Rapids is an attractive location for investors looking to capitalize on the city's growth.
What is the average cost per square foot for a restaurant in Cedar Rapids?
The average cost per square foot for a restaurant in Cedar Rapids is $1,955 USD per square feet, with an average size of 600 square feet and a largest size of 600 square feet among the 1 available listings.
What factors determine the value of a restaurant for sale in Cedar Rapids?
When evaluating the value of a restaurant for sale in Cedar Rapids, several key factors come into play, including:
- Location, with proximity to major highways, such as Interstate 380, and popular attractions like the Cedar Rapids Museum of Art and the National Czech & Slovak Museum & Library, being highly desirable;
- The restaurant's size, with an average size of 600 square feet, and a maximum size of 600 square feet, impacting its capacity and potential revenue;
- Financial performance, including the average price per square foot of $1,955 USD and an average cap rate of 6.9%, which can influence the restaurant's overall value and profitability.
