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
: Public Sewer
: Electricity Available, Natural Gas Available
: Display Window(s)
Address Map
IA
Linn
Cedar Rapids
52401
3rd
116/118
Avenue
W92° 22' 17.1''
N42° 0' 44''
1st Ave to 2nd Street to 3rd Ave to 116/118
SE Quadrant
SE
Urban
MLS Addon
SKOGMAN REALTY COMMERCIAL
Scott Olson
$0
$0
$0
$0
$0
Additional Information
: Frame
220 Volts
8400
2022-10-19
2150000
https://www.propertypanorama.com/instaview/cdr/2209289
: Public
Financial
62162.0
Listing Information
Steve White
whitesteve121
CSKN05
SKOGMAN REALTY COMMERCIAL
olsonscott121
CSKN05
Cash
Active
2024-12-23T20:03:41Z
CDR
2023-07-03T10:44:29Z
116/118 3rd Avenue Se, Cedar Rapids, Iowa 52401 - Commercial Sale For Sale
116/118 3rd Avenue Se, Cedar Rapids, Iowa 52401
53,706
$2,100,000
Listing ID #2209289
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 2209289
Price : $2,100,000
Square Footage : 53,706
Year Built : 1918
Status : Active
Property Sub Type : Office
Roof : Membrane