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Previous Description:
Located at 320 Collins Rd NE, this former Biaggi's restaurant offers an opportunity to lease a well-known restaurant property in one of Cedar Rapids' strongest retail corridors, with approx. 25,000 – 30,000 VPD. The building includes a large dining area, bar, commercial kitchen, private dining space, and ample on-site parking, allowing a new tenant to take advantage of much of the existing restaurant infrastructure. For more details, please reach out to the listing agent.
Updated Description:
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.
