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.

Features
: Central
: Central Air
: Carpet
: Electricity Available, Natural Gas Available
Address Map
IA
Linn
Cedar Rapids
52401
3rd
116/118
Avenue
0
W92° 19' 56.6''
N41° 58' 36.8''
1st Ave to 2nd Street to 3rd Ave to 116/118
SE
MLS Addon
SKOGMAN REALTY COMMERCIAL
Scott Olson
$0
0 Sqft
$0
$0
$0
$0
Full,unfinished
0 Sqft
: Private Restrooms, Elevator(s), Multi-tenant
0
426
River
olsonscott121
CSKN05
8400
Active
142820100400000*
: Membrane
: Public Sewer
0
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Urban

Iowa Commercial Sale For Sale

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

53,706 Sqft
$2,150,000
Listing ID #2209289
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 2209289
Price : $2,150,000
Square Footage : 53,706 Sqft
Year Built : 1918
Property Sub Type : Office
Status : Active
Agent info
Twenty40 Real Estate + Development
2496 Roycroft Alley
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