812 6th Street SW

    Cedar Rapids, IA 52404
    • $975,000
    • STATUS: Active
    • ON SITE: 35 days
    • MLS #: 1905222
    $975,000
    • 0
      BEDS
    • 0.79
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 10,615
      SQFT
    • $92
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1974
    County:
    Area:

    School Ratings & Info

    Description

    Fully leased neighborhood center at the signalized intersection 6th Street and 8th Avenue SW. Building features a nice mix of long term tenants including Jim's Foods and the Breakfast House. Several of the tenants have been in place for over 30 years!! Building is well maintained and has generous parking. The NOI currently $79K per year and will bump to $81.5K in January 2020. Leases contain regular bumps in the base lease rate and adjust to recover any increases in property taxes. The tenants' are responsible for the cost of any replacement, repair and maintenance of HVAC systems.

    Monthly Payment Calculator

    © 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: 2019-08-19T23:42:36.383.
    www.cedarrapidsareahomes.com/homes/96911011

    812 6th Street SW Cedar Rapids, IA 52404

    • Price: $975,000
    • Status: Active
    • MLS #: 1905222
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.79
    Acres
    10,615
    SQFT
    $92
    $/SQFT
    1974
    Built
    Neighborhood:
    SW Quadrant
    County:
    Linn
    Area:
    SW Quadrant
    Property Description
    Fully leased neighborhood center at the signalized intersection 6th Street and 8th Avenue SW. Building features a nice mix of long term tenants including Jim's Foods and the Breakfast House. Several of the tenants have been in place for over 30 years!! Building is well maintained and has generous parking. The NOI currently $79K per year and will bump to $81.5K in January 2020. Leases contain regular bumps in the base lease rate and adjust to recover any increases in property taxes. The tenants' are responsible for the cost of any replacement, repair and maintenance of HVAC systems.
    Exterior Features

    Construction Methods Concrete Block Lot Size .794 Acre Roof Bl-Up Grav

    Interior Features

    Basement YN No Ceiling Height 7Ft-10Ft Flooring Concrete Slab Heating Cooling Central AirCentral HeatGas Heat

    Property Features

    Additional Info Copies LeaseFloor PlanPhotos Building Description Multi Tenant For Lease No For Sale Yes Gross Tax 26851 Miscellaneous Disp WindowKitchen FacilityOff Str PkgRest RoomsSec LightingSign Net Tax 0 Power 220 Volt Property Sub Types Investment Restricted Listing No Sale Includes BuildingLand Terms Cash Traffic Count 10001-15000 Utilities ElectricGas Water Sewer Roads City SewerCity Water Zoning Mixed

    Listing information © 2019 Cedar Rapids Area Association of REALTORS® Multiple Listing Service.
    Listing provided courtesy of Tiffany Earl Williams of Skogman Realty Commercial.
    © 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: 2019-08-19T23:42:36.383.
     
    The Graf Home Selling Team & Associates
    1190 Twixt Town Rd NE
    Cedar Rapids IA, 52402