213 4th Avenue SE

    Cedar Rapids, IA 52403
    • $1,999,000
    • STATUS: Active
    • ON SITE: 145 days
    • MLS #: 1908170
    UPDATED: 66 min ago
    $1,999,000
    • 0
      BEDS
    • 0.19
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 25,110
      SQFT
    • $80
      $/SQFT
    Neighborhood:
    Type:
    Business Opportunity
    Built:
    1900
    County:
    Area:

    School Ratings & Info

    Description

    Opportunity Zone Alert! Great investment opportunity in the historic Lattner Building. The second and half of third floor is leased on 5 year lease terms with a current gross income of $227,382. Great upside with lease of the main floor and balance of the third floor or for an owner occupant to take the 1st floor and have the building cash flow from leased spaces. Ideal location in the core of the central business district with adjacent parking ramp space and amenities nearby. It is a great time to invest in downtown Cedar Rapids after years of public infrastructure projects. The core area is experiencing a transformation with a host of new and repurposed buildings, a significant creation of urban housing, and renewed focus on public amenities.

    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: 2020-04-02T07:42:32.863.
    www.cedarrapidsareahomes.com/homes/100674161

    213 4th Avenue SE Cedar Rapids, IA 52403

    • Price: $1,999,000
    • Status: Active
    • Updated: 66 min ago
    • MLS #: 1908170
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.19
    Acres
    25,110
    SQFT
    $80
    $/SQFT
    1900
    Built
    Neighborhood:
    SE Quadrant
    County:
    Linn
    Area:
    SE Quadrant
    Property Description
    Opportunity Zone Alert! Great investment opportunity in the historic Lattner Building. The second and half of third floor is leased on 5 year lease terms with a current gross income of $227,382. Great upside with lease of the main floor and balance of the third floor or for an owner occupant to take the 1st floor and have the building cash flow from leased spaces. Ideal location in the core of the central business district with adjacent parking ramp space and amenities nearby. It is a great time to invest in downtown Cedar Rapids after years of public infrastructure projects. The core area is experiencing a transformation with a host of new and repurposed buildings, a significant creation of urban housing, and renewed focus on public amenities.
    Exterior Features

    Construction Materials FrameStone Veneer Exterior Features Sprinkler/Irrigation Levels Three Or More Roof Membrane Stories Total 3

    Interior Features

    Cooling Central Air Cooling YN Yes Flooring Carpet Heating CentralGas 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 0 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 Tiffany Earl Williams 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: 2020-04-02T07:42:32.863.
     
    The Graf Home Selling Team & Associates
    1190 Twixt Town Rd NE
    Cedar Rapids IA, 52402