Property Description
Two historic properties restored by seller creating five (5) unique spaces. Three (3) commercial businesses and two (2) apartments (a 1-bedroom and 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. A ten (10) car overflow parking lot is included and located across 29th street at 115 29th St NE. The buildings are 100% leased with annual rent escalations. The gross income is projected to be $67,000 in 2026. Contract sale terms are available for a qualified Buyer (5% interest rate, 20 yr mortgage amortization, and a 3 yr principal balloon).
Features
: Central
: Central Air
: Carpet, Wood
: Public Sewer
: Electricity Available, Natural Gas Available
: Display Window(s)
Address Map
IA
Linn
Cedar Rapids
52402
1st
2900/2912
Avenue
W92° 20' 14.4''
N41° 58' 55.9''
H Ave NE to Oakland Rd, Rt on 29th St NE to 1st Ave NE
NE Quadrant
NE
TMUC
MLS Addon
SKOGMAN REALTY COMMERCIAL
Doug Laird
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Additional Information
: Frame, Block, Concrete
220 Volts
19200
2025-12-16
https://www.propertypanorama.com/instaview/cdr/2509860
: Public
Financial
11471.0
Listing Information
lairddoug121
CSKN05
Cash, Contract
Active
2025-12-17T21:13:10Z
CDR
2025-12-16T10:33:00Z
2900/2912 1st Avenue Ne, Cedar Rapids, Iowa 52402 - Commercial Sale For Sale
2900/2912 1st Avenue Ne, Cedar Rapids, Iowa 52402
6,884 Sqft
$625,000
Listing ID #2509860
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 2509860
Price : $625,000
Square Footage : 6,884 Sqft
Year Built : 1926
Lot Area : 0.44 Acre
Status : Active
F 150 : Off Street
Property Sub Type : Retail
Roof : Membrane
Agent info
Twenty40 Real Estate + Development
2496 Roycroft Alley
- Sales Team
- View website
- 3194239515
-
sales@twenty40concepts.com
Contact Agent

