Commercial For Sale
53,706 Sqft - 116/118 3rd Avenue SE, Cedar Rapids, Iowa 52401
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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.

Property 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.

Basic Details
Property Type:
Commercial
Listing Type:
For Sale
Listing ID:
2209289
Price:
$2,150,000
Beds:
0
Total Full Baths:
0
Baths:
0
Half Bathrooms:
0
Square Feet:
53,706 Sqft
Construction Year:
1918
Lot Size:
0 Acre
Country:
US
State:
IA
County:
Linn
City:
Cedar Rapids
Zipcode:
52401
Status Category:
Active
Features
Heating Fuel:
Central
Cooling System:
Central Air
Roof:
Membrane
Possession:
Subject To Tenant Rights
Address Map
Street:
116/118 3rd Avenue SE
Floor Number:
0
Longitude:
W92° 21' 19.7''
Latitude:
N41° 59' 23.4''
More Information
Office Name:
SKOGMAN REALTY COMMERCIAL
Virtual Tour2:
Directions:
1st Ave to 2nd Street to 3rd Ave to 116/118
Zoning:
Urban
Lot Dimensions:
8400
LA1Agent Logon Name:
olsonscott121
LA1Agent First Name:
Scott
LA1Agent Last Name:
Olson
LO1Main Office ID:
CSKN05
PriceChangeTimestamp:
10-20-2022
319.351.1111 - 250 Holiday Road, Coralville, IA 52241
Agent Information
Scott Olson
SKOGMAN REALTY COMMERCIAL
Additional Details
Central Air
Subject To Tenant Rights
08/08/2023
1st Ave to 2nd Street to 3rd Ave to 116/118
8400