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1229-1245 1st Avenue SE

Cedar Rapids, IA 52403
  • $1,685,000
  • STATUS: Active
  • ON SITE: 27 Days
  • MLS #: 2408471
UPDATED: 45 min ago
$1,685,000
  • 0
    BEDS
  • 0.9
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 15,526
    SQFT
  • $109
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1955
County:
Area:

School Ratings & Info

Description

Explore this exceptional income-producing investment opportunity in the heart of the MedQuarter, a core district in the heart of Cedar Rapids. Boasting four buildings and a parking lot situated contiguously on 1st Ave SE. Strategically located directly across 1st Ave from Coe College and in an opportunity zone, this property offers immense potential for entrepreneurs and investors alike. Renovated in 2021, this property has been updated to offer a modern and accommodating environment for businesses. Currently, the property features four leased buildings for businesses plus on-site parking with street access for each. With its diverse income streams, prime location, and recent renovations, this property represents a compelling investment opportunity. Whether you are looking to expand your portfolio, generate passive income, or capitalize on the thriving local market, this property is a must-see that promises both versatility and profitability.

Monthly Payment Calculator

© 2025 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: 2025-01-14T17:42:38.107.
www.cedarrapidsareahomes.com/homes/158857866
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1229-1245 1st Avenue SE Cedar Rapids, IA 52403

  • Price: $1,685,000
  • Status: Active
  • On Site: 27 Days
  • Updated: 45 min ago
  • MLS #: 2408471
0
Beds
0
Baths
0
½ Baths
0.9
Acres
15,526
SQFT
$109
$/SQFT
1955
Built
Neighborhood:
SE Quadrant
County:
Linn
Area:
SE Quadrant
Property Description
Explore this exceptional income-producing investment opportunity in the heart of the MedQuarter, a core district in the heart of Cedar Rapids. Boasting four buildings and a parking lot situated contiguously on 1st Ave SE. Strategically located directly across 1st Ave from Coe College and in an opportunity zone, this property offers immense potential for entrepreneurs and investors alike. Renovated in 2021, this property has been updated to offer a modern and accommodating environment for businesses. Currently, the property features four leased buildings for businesses plus on-site parking with street access for each. With its diverse income streams, prime location, and recent renovations, this property represents a compelling investment opportunity. Whether you are looking to expand your portfolio, generate passive income, or capitalize on the thriving local market, this property is a must-see that promises both versatility and profitability.
Exterior Features

Construction Materials Block Concrete Parking Features Off Street Roof Membrane

Interior Features

Basement YN Yes Cooling Central Air Cooling YN Yes Flooring Carpet Concrete Heating Gas Heating YN Yes Interior Features Storage Levels One Window Features Display Window(s)

Property Features

Building Features Kitchen Facilities Loading Dock Multi- Tenant Private Restrooms Pole Sign Electric 220 Volts Inclusions Building Land Lease Considered YN No Listing Terms Cash Possession Close Of Escrow Property Sub Type Investment Property Sub Type Additional Investment Sewer Public Sewer Tax Annual Amount 31460 Utilities Electricity Available Natural Gas Available Water Source Public Zoning Urban Zoning Description Urban

Listing information © 2025 Cedar Rapids Area Association of REALTORS® Multiple Listing Service.
Listing provided courtesy of Tiffany Earl Williams of SKOGMAN REALTY COMMERCIAL: 319-363-8286.
© 2025 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: 2025-01-14T17:42:38.107.
 
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