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Description

Complete address is 112/115 29th St NE and 2900/2912 1st Ave NE. 3 historic properties restored by seller creating unique spaces for 4 commercial businesses and 4 apartments ranging from a studio to a 3 bedroom. Numerous improvements to the buildings and exterior parking. All new streets/sidewalks by the city. Plus a major trail connection next to 2900 1st Ave NE. 10 car overflow parking lot at 115 29th St NE. 100% leased with lease rates increasing annually. Gross income projected at $90,000 for 2025. Owners will consider individual property sales of 2900/2912/115 29th St NE, $625,000 and 112 29th St NE, $199.500. Contract sale terms available at 5% interest rate, 20 yr amort, 3 yr balloon for a qualified buyer. Additional parcel #s, 141422700200000, 14115300600003.

Listing ID #2505820

Commercial Sale For Sale

112/115 29th Street NE
Cedar Rapids, Iowa 52402

$810,000
Country : US
State : IA
County : Linn
City : Cedar Rapids
Zipcode : 52402
Status CategoryActive
Listing Agent
Scott Olson
SKOGMAN REALTY COMMERCIAL
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years
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Features
2505820
Commercial Sale
Off Street
Frame, Block, Concrete
1st Ave to 2900 and Lt on 29th St NE
Additional Details
Central Air
Central
Asphalt, Shingle, Membrane
06-30-2025
Irregular

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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250 Holiday Rd
Coralville, IA 52241

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250 Holiday Rd
Coralville, IA 52241

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