1701 2nd Street

    Coralville, IA 52241
    • $432,000
    • STATUS: Active
    • ON SITE: 322 days
    • MLS #: 1805364
    UPDATED: 26 min ago
    $432,000
    • 0
      BEDS
    • 0.81
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,400
      SQFT
    • $51
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1964
    County:

    School Ratings & Info

    Description

    The whole building of 8,400 SF is for sale with approximately 30% of the building leased to a quality tenant. Great exposure on the Coralville Strip for a very reasonable price with low operating expenses. New bike path runs right be the building. The building and some suites are also listed for lease on the MLS. Property is in an "Opportunity Zone", see attached document for reference. Buy at a discount appraised, stabilized value is $1,560,000.

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    © 2019 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: 2019-06-18T06:42:36.207.
    www.cedarrapidsareahomes.com/homes/86083323

    1701 2nd Street Coralville, IA 52241

    • Price: $432,000
    • Status: Active
    • Updated: 26 min ago
    • MLS #: 1805364
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.81
    Acres
    8,400
    SQFT
    $51
    $/SQFT
    1964
    Built
    Neighborhood:
    Iowa City/Coralville
    County:
    Johnson
    Area:
    Iowa City/Coralville
    Property Description
    The whole building of 8,400 SF is for sale with approximately 30% of the building leased to a quality tenant. Great exposure on the Coralville Strip for a very reasonable price with low operating expenses. New bike path runs right be the building. The building and some suites are also listed for lease on the MLS. Property is in an "Opportunity Zone", see attached document for reference. Buy at a discount appraised, stabilized value is $1,560,000.
    Exterior Features

    Construction Methods Pre Eng St Lot Size 35239 Roof See Remarks

    Interior Features

    Basement YN No Ceiling Height 7Ft-10Ft Flooring MetalSee Remarks Heating Cooling Central AirCentral Heat

    Property Features

    Additional Info Floor PlanPhotos Building Description Multi Tenant Environmental See Remarks For Lease Yes For Sale Yes Gross Tax 3 Lease Type Net Net Tax 3 Owner Pays See Remarks Possession Negotiable Power 220 Volt Property Sub Types InvestmentOfficeRetail Restricted Listing No Sale Includes BuildingLand Tenants Responsibilities Include Re TaxInsuranceCamImprovmentJanitorialHeatingWaterElectricityTrash Collection Terms Lease Traffic Count 20001-30000 Utilities ElectricGas Water Sewer Roads City WaterWell Water Zoning C2

    Listing information © 2019 Cedar Rapids Area Association of REALTORS® Multiple Listing Service.
    Listing provided courtesy of Mark Lynch of Skogman Realty.
    © 2019 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: 2019-06-18T06:42:36.207.
     
    The Graf Home Selling Team & Associates
    1190 Twixt Town Rd NE
    Cedar Rapids IA, 52402