Commercial Sale
94,760 Sqft - 3rd, Cedar Rapids, Iowa 52401
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Description

Exceptionally Restored Historic Five Story Building on the river front and in the heart of downtown Cedar Rapids. Building construction is brick, steel and concrete with extensive renovations in 2016 including solar, high efficiency HVAC, elevators, roof, & windows. 32 stabilized market rate apartments, 61,500 SF of redeveloped commercial space that is 65% occupied with long-term tenants, 48 interior parking stalls provide additional income. The vacant commercial space is finished and furnished. Contact listing agent for NDA.

Property Description

Exceptionally Restored Historic Five Story Building on the river front and in the heart of downtown Cedar Rapids. Building construction is brick, steel and concrete with extensive renovations in 2016 including solar, high efficiency HVAC, elevators, roof, & windows. 32 stabilized market rate apartments, 61,500 SF of redeveloped commercial space that is 65% occupied with long-term tenants, 48 interior parking stalls provide additional income. The vacant commercial space is finished and furnished. Contact listing agent for NDA.

Basic Details
Property Type:
Commercial
Listing Type:
Sale
Listing ID:
2507256
Price:
$12,400,000
Square Feet:
94,760 Sqft
Lot Size:
0.66 Acre
Country:
US
State:
IA
County:
Linn
City:
Cedar Rapids
Zipcode:
52401
Features
Heating:
Central, Gas
Cooling System:
Central Air
Parking:
Off Street
Roof:
Membrane
Exterior:
Sprinkler/Irrigation
Stories/Style:
5
Address Map
Street Number:
97
Street:
3rd
Street Suffix:
Avenue
Street Dir Suffix:
SE
Floor Number:
0
Longitude:
W92° 19' 54.7''
Latitude:
N41° 58' 34.3''
More Information
Office Name:
SKOGMAN REALTY COMMERCIAL
Agent Name:
Brian Rosteck
Directions:
Corner of 3rd Ave & 1st St SE
Zoning:
U-DC
Lot Dimensions:
28750
LA1Agent Logon Name:
rosteckbrian121
LA1Agent First Name:
Brian
LA1Agent Last Name:
Rosteck
LO1Main Office ID:
CSKN05
319.351.1111 - 250 Holiday Road, Coralville, IA 52241
Agent Information
Brian Rosteck
SKOGMAN REALTY COMMERCIAL
Additional Details
Central Air
Sprinkler/Irrigation
5
08/22/2025
Corner of 3rd Ave & 1st St SE
28750