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118 3rd Avenue SE

Cedar Rapids, IA 52401
  • $1,975,000
  • STATUS: Active
  • ON SITE: 7 Days
  • MLS #: 2600222
UPDATED: 44 min ago
$1,975,000
  • 0
    BEDS
  • 0.19
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 57,552
    SQFT
  • $34
    $/SQFT
Neighborhood:
SE Quadrant
Type:
Commercial
Built:
1918
County:
Linn
Area:
SE Quadrant

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Description

Historic, renovated 8 story and 2 story office buildings in the center of downtown revitalization. Many floors and common areas remodeled with long term track record of 85-95% occupancy. Connection to skywalk system plus several tenant amenities. Renovation project recently completed to create ADA restrooms and access, as well as exterior painting of windows, canopy/soffit, new roof and fire escape update. Great opportunity for continued revenue growth. NDA required for qualified buyers. Owners are licensed Real Estate Agents in Iowa.

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© 2026 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 Graf Real Estate ERA Powered. Data last updated: 2026-01-16T22:42:42.35.
www.cedarrapidsareahomes.com/homes/171881200
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118 3rd Avenue SE Cedar Rapids, IA 52401

  • Price: $1,975,000
  • Status: Active
  • On Site: 7 Days
  • Updated: 44 min ago
  • MLS #: 2600222
0
Beds
0
Baths
0
½ Baths
0.19
Acres
57,552
SQFT
$34
$/SQFT
1918
Built
Neighborhood:
SE Quadrant
County:
Linn
Area:
SE Quadrant
Property Description
Historic, renovated 8 story and 2 story office buildings in the center of downtown revitalization. Many floors and common areas remodeled with long term track record of 85-95% occupancy. Connection to skywalk system plus several tenant amenities. Renovation project recently completed to create ADA restrooms and access, as well as exterior painting of windows, canopy/soffit, new roof and fire escape update. Great opportunity for continued revenue growth. NDA required for qualified buyers. Owners are licensed Real Estate Agents in Iowa.
Exterior Features

Construction Materials Frame Roof Membrane

Interior Features

Basement YN Yes Cooling Central Air Cooling YN Yes Flooring Carpet Concrete Heating Central Heating YN Yes Window Features Display Window(s)

Property Features

Building Features Elevator(s) Janitorial Service Multi- Tenant Private Restrooms Business Name Higley Building Electric 220 Volts Inclusions Building Land Lease Considered YN No Listing Terms Cash Property Sub Type Office Property Sub Type Additional Office Investment Security Features Security Lights Sewer Public Sewer Tax Annual Amount 62162 Utilities Electricity Available Natural Gas Available Water Source Public Zoning Urban Zoning Description Urban

Listing information © 2026 Cedar Rapids Area Association of REALTORS® Multiple Listing Service.
Listing provided courtesy of John Beardsworth of SKOGMAN REALTY: 319-366-6427.
© 2026 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 Graf Real Estate ERA Powered. Data last updated: 2026-01-16T22:42:42.35.
 
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