116/118 3rd Avenue SE

    Cedar Rapids, IA 52403
    • $2,175,000
    • STATUS: Active
    • ON SITE: 200 days
    • MLS #: 1905891
    UPDATED: 58 min ago
    $2,175,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 53,706
      SQFT
    • $40
      $/SQFT
    Neighborhood:
    Type:
    Business Opportunity
    Built:
    1918
    County:
    Area:

    School Ratings & Info

    Description

    Renovated historic office building in the center of the downtown revitalization. Many floors recently remodeled with great long term track record of 90-95% occupancy. Projected revenue of $440,000 in 2019. Connection to Skyway system plus several tenant amenities. Renovation project just completed to create ADA toilets/access plus exterior painting of windows, canopy/soffit, new roof and fire escape updates. Great opportunity for continued revenue growth plus assignable competitive loan possible. CA required for qualified buyers. Owners are licensed real estate brokers in Iowa.

    Monthly Payment Calculator

    © 2020 Cedar Rapids Area Association of REALTORS® Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Graf Home Selling Team & Associates. Data last updated: 2020-02-26T09:42:38.767.
    www.cedarrapidsareahomes.com/homes/97772427

    116/118 3rd Avenue SE Cedar Rapids, IA 52403

    • Price: $2,175,000
    • Status: Active
    • Updated: 58 min ago
    • MLS #: 1905891
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    53,706
    SQFT
    $40
    $/SQFT
    1918
    Built
    Neighborhood:
    SE Quadrant
    County:
    Linn
    Area:
    SE Quadrant
    Property Description
    Renovated historic office building in the center of the downtown revitalization. Many floors recently remodeled with great long term track record of 90-95% occupancy. Projected revenue of $440,000 in 2019. Connection to Skyway system plus several tenant amenities. Renovation project just completed to create ADA toilets/access plus exterior painting of windows, canopy/soffit, new roof and fire escape updates. Great opportunity for continued revenue growth plus assignable competitive loan possible. CA required for qualified buyers. Owners are licensed real estate brokers in Iowa.
    Exterior Features

    Construction Materials BlockConcreteSee Remarks Levels Three Or More Roof Membrane Stories Total 8

    Interior Features

    Cooling Central Air Cooling YN Yes Flooring Carpet Heating Central Heating YN Yes

    Property Features

    Community Features Display WindowElevator Electric 220 Volts Lease Considered YN No Property Sub Type Business Sewer Public Sewer Tax Annual Amount 61558 Tenant Pays Electricity Utilities Electricity AvailableNatural Gas Available Water Source Public Zoning Description Urban

    Listing information © 2020 Cedar Rapids Area Association of REALTORS® Multiple Listing Service.
    Listing provided courtesy of Scott Olson of Skogman Realty Commercial.
    © 2020 Cedar Rapids Area Association of REALTORS® Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Graf Home Selling Team & Associates. Data last updated: 2020-02-26T09:42:38.767.
     
    The Graf Home Selling Team & Associates
    1190 Twixt Town Rd NE
    Cedar Rapids IA, 52402