116/118 3rd Avenue SE, Cedar Rapids, IA 52401
MLS Number: 2209289 |
Subtype: Commercial | Area: SE Quadrant
$
2,150,000
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. Revenue of $406,000 received in 2022 with potential of additional $60,000/year. Connection to skyway system plus several tenant amenities. Renovation project recent completed to create ADA toilets/access plus exterior painting of windows, canopy/soffit, new roof and fire escape update. Great opportunity for continued revenue growth. CA required for qualified buyers. Owners are licensed Real Estate agents in Iowa.
Property
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County: Linn
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Lot Size: 8400
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Acres: 0.0000
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Year Built: 1918
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Zoning: Urban
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Gross tax: $62,162.00
Building
Total Building SF: 53,706
Ceiling Height: 7ft-10ft
Utilities
Utilities: Electricity Available, Natural Gas Available
Heating/Cooling: Central Heat, Central Air
Water Source: City Water
Sewer: City Sewer
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