Property Description

Explore this exceptional income-producing investment opportunity in the heart of the MedQuarter, a core district in the heart of Cedar Rapids. Boasting four buildings and a parking lot situated contiguously on 1st Ave SE. Strategically located directly across 1st Ave from Coe College and in an opportunity zone, this property offers immense potential for entrepreneurs and investors alike. Renovated in 2021, this property has been updated to offer a modern and accommodating environment for businesses. Currently, the property features four leased buildings for businesses plus on-site parking with street access for each. With its diverse income streams, prime location, and recent renovations, this property represents a compelling investment opportunity. Whether you are looking to expand your portfolio, generate passive income, or capitalize on the thriving local market, this property is a must-see that promises both versatility and profitability.

Features
: Gas
: Central Air
: Carpet, Concrete
: Storage
: Public Sewer
: Electricity Available, Natural Gas Available
: Display Window(s)
Address Map
IA
Linn
Cedar Rapids
52403
1st
1229-1245
Avenue
W92° 20' 34.9''
N41° 59' 26.1''
1st Ave to 1229
SE Quadrant
SE
Urban
MLS Addon
SKOGMAN REALTY COMMERCIAL
Tiffany Earl Williams
$0
$0
$0
$0
$0
Additional Information
: Block, Concrete
220 Volts
: One
.9 Acres
2024-12-17
1
: Public
Financial
31460.0
Listing Information
earltiffany121
CSKN05
Cash
Active
2024-12-18T17:13:19Z
CDR
2024-12-17T15:34:38Z

1229-1245 1st Avenue Se, Cedar Rapids, Iowa 52403 - Commercial Sale For Sale

1229-1245 1st Avenue Se, Cedar Rapids, Iowa 52403

15,526
$1,685,000
Listing ID #2408471
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 2408471
Price : $1,685,000
Square Footage : 15,526
Year Built : 1955
Lot Area : 0.90 Acre
Status : Active
F 150 : Off Street
Property Sub Type : Investment
Roof : Membrane
Agent info
Twenty40 Real Estate + Development
2496 Roycroft Alley
Contact Agent