Property Description

Complete address is 112/115 29th St NE and 2900/2912 1st Ave NE. 3 historic properties restored by seller creating unique spaces for 4 commercial businesses and 4 apartments ranging from a studio to a 3 bedroom. Numerous improvements to the buildings and exterior parking. All new streets/sidewalks by the city. Plus a major trail connection next to 2900 1st Ave NE. 10 car overflow parking lot at 115 29th St NE. 100% leased with lease rates increasing annually. Gross income projected at $90,000 for 2025. Owners will consider individual property sales of 2900/2912/115 29th St NE, $625,000 and 112 29th St NE, $199.500. Contract sale terms available at 5% interest rate, 20 yr amort, 3 yr balloon for a qualified buyer. Additional parcel #s, 141422700200000, 14115300600003.

Features
: Central
: Central Air
: Carpet, Wood
: Public Sewer
: Electricity Available, Natural Gas Available
: Display Window(s)
Address Map
IA
Linn
Cedar Rapids
52402
29th
112/115
Street
W92° 21' 16.7''
N42° 0' 23.1''
1st Ave to 2900 and Lt on 29th St NE
NE Quadrant
NE
Varies
MLS Addon
SKOGMAN REALTY COMMERCIAL
Scott Olson
Sqft0
Sqft0
Sqft0
Sqft0
Sqft0
Additional Information
: Frame, Block, Concrete
220 Volts
Irregular
2025-06-30
: Public
Listing Information
olsonscott121
CSKN05
Cash, Contract
Active
2025-06-30T20:37:25Z
CDR
2025-06-30T15:36:59Z

112/115 29th Street Ne, Cedar Rapids, Iowa 52402 - Commercial Sale For Sale

112/115 29th Street Ne, Cedar Rapids, Iowa 52402

$810,000
Listing ID #2505820
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 2505820
Price : $810,000
Status : Active
F 150 : Off Street
Property Sub Type : Investment
Roof : Asphalt, Shingle, Membrane
Agent info
Twenty40 Real Estate + Development
2496 Roycroft Alley
Contact Agent