Property Description

Exceptionally Restored Historic Five Story Building on the river front and in the heart of downtown Cedar Rapids. Building construction is brick, steel and concrete with extensive renovations in 2016 including solar, high efficiency HVAC, elevators, roof, & windows. 32 stabilized market rate apartments, 61,500 SF of redeveloped commercial space that is 65% occupied with long-term tenants, 48 interior parking stalls provide additional income. The vacant commercial space is finished and furnished. Contact listing agent for NDA.

Features
: Central, Gas
: Central Air
: Sprinkler/Irrigation
: Concrete, Wood
: Public Sewer
: Electricity Available, Natural Gas Available
: Display Window(s)
Address Map
IA
Linn
Cedar Rapids
52401
3rd
97
Avenue
W92° 19' 54.7''
N41° 58' 34.3''
Corner of 3rd Ave & 1st St SE
SE Quadrant
SE
U-DC
MLS Addon
SKOGMAN REALTY COMMERCIAL
Brian Rosteck
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Additional Information
28750
2025-08-22
5
5
: Public
Financial
168866.0
Listing Information
rosteckbrian121
CSKN05
Cash
Active
2025-08-25T20:46:59Z
CDR
2025-08-25T12:32:16Z

97 3rd Avenue Se, Cedar Rapids, Iowa 52401 - Commercial Sale For Sale

97 3rd Avenue Se, Cedar Rapids, Iowa 52401

94,760 Sqft
$13,275,000
Listing ID #2507256
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 2507256
Price : $13,275,000
Square Footage : 94,760 Sqft
Year Built : 1904
Lot Area : 0.66 Acre
Status : Active
F 150 : Off Street
Property Sub Type : Investment
Roof : Membrane
Agent info
Twenty40 Real Estate + Development
2496 Roycroft Alley
Contact Agent