Commercial Sale
5,524 Sqft - Oakland, Cedar Rapids, Iowa 52402
QR Code
Description

Excellent multi-use commercial investment opportunity with strong income potential and major improvements already completed. Main level shop space is currently leased through 2029 providing stable long term income. Property also includes an updated 2 bedroom apartment upstairs that is currently rented, along with additional storage space in the rear half shop and apartment area.
A huge clean basement offers outstanding potential for additional storage, workspace, or future value add opportunities.
Extensive updates include a new parking lot in 2025, updated siding, all new electrical throughout, new furnace for the main level shop in 2025, updated storefront improvements including repainting and awning renovation, new stoop, planter removal, new front door and display window frame, plus multiple updated bathrooms. Water heaters replaced in 2013 and 2019. Excellent opportunity for investors seeking a value add property with existing tenants and future upside potential.

Property Description

Excellent multi-use commercial investment opportunity with strong income potential and major improvements already completed. Main level shop space is currently leased through 2029 providing stable long term income. Property also includes an updated 2 bedroom apartment upstairs that is currently rented, along with additional storage space in the rear half shop and apartment area.
A huge clean basement offers outstanding potential for additional storage, workspace, or future value add opportunities.
Extensive updates include a new parking lot in 2025, updated siding, all new electrical throughout, new furnace for the main level shop in 2025, updated storefront improvements including repainting and awning renovation, new stoop, planter removal, new front door and display window frame, plus multiple updated bathrooms. Water heaters replaced in 2013 and 2019. Excellent opportunity for investors seeking a value add property with existing tenants and future upside potential.

Basic Details
Property Type:
Commercial
Listing Type:
Sale
Listing ID:
2603398
Price:
$350,000
Square Feet:
5,524 Sqft
Lot Size:
0.38 Acre
Country:
US
State:
IA
County:
Linn
City:
Cedar Rapids
Zipcode:
52402
Features
Heating:
Central, Gas
Cooling System:
Central Air
Parking:
Off Street
Roof:
Membrane
Construction:
Frame
Interior:
Storage
Stories/Style:
2
Address Map
Street Number:
901
Street:
Oakland
Street Suffix:
Road
Street Dir Suffix:
NE
Floor Number:
0
Longitude:
W92° 20' 24.6''
Latitude:
N41° 59' 44.8''
More Information
Office Name:
RE/MAX CONCEPTS
Agent Name:
Chad Gloede
Directions:
From I-380 take H Ave to Oakland Rd, on the corner, parking lot on Oakland Rd side
Zoning:
Tmixed
Lot Dimensions:
16,478
LA1Agent Logon Name:
gloedechad121
LA1Agent First Name:
Chad
LA1Agent Last Name:
Gloede
LO1Main Office ID:
CREM
319.351.1111 - 250 Holiday Road, Coralville, IA 52241
Agent Information
Chad Gloede
RE/MAX CONCEPTS
Additional Details
Central Air
Frame
Storage
2
05/14/2026
From I-380 take H Ave to Oakland Rd, on the corner, parking lot on Oakland Rd side
16,478