Description

Renovated 8 story and 2 story office buildings in the center of downtown revitalization. Many floors and common areas remodeled with long term track record of 85-95% occupancy. Revenue of $406,000 received in 2022 with potential of additional $60,000/year. Connection to skyway system plus several tenant amenities. Renovation project recent completed to create ADA toilets/access plus exterior painting of windows, canopy/soffit, new roof and fire escape update. Great opportunity for continued revenue growth. CA required for qualified buyers. Owners are licensed Real Estate agents in Iowa.

Listing ID #2209289

Commercial For Sale

116/118 3rd Avenue SE, Cedar Rapids, Iowa 52401

$2,150,000
Beds0
Square Feet53,706
Construction Year1918
Lot Size0
Country : US
State : IA
County : Linn
City : Cedar Rapids
Zipcode : 52401
Baths0
Status CategoryActive
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Agent info
Scott Olson
SKOGMAN REALTY COMMERCIAL
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Features
2209289
Commercial
53,706 Sqft
1918
Subject To Tenant Rights
1st Ave to 2nd Street to 3rd Ave to 116/118
Additional Details
0 Sqft
Central Air
Central
Membrane
2022-10-20 13:10:10
8400
Transportation Rankings

Information on this page deemed reliable, but not guaranteed to be accurate. Listing information was entered by the listing agent and provided by ICAAR (Iowa City Area Association of REALTORS®) MLS and CRAAR (Cedar Rapids Area Association of REALTORS®) MLS. Urban Acres claims no responsibility for any misinformation, typographical errors, or misprints displayed from the MLS sources.

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