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600 & 604 3rd Street SE, Cedar Rapids, IA 52401

MLS Number: 2407839   |   Subtype: Commercial   |   Area: SE Quadrant
$ 2,299,000
*INVESTOR ALERT* Exceptional opportunity to own a historical building in downtown Cedar Rapids with an NOI of $144,000+ in place. ‘The Warehouse on 3rd’ is a unique and well-cared for building, featuring onsite parking, beautiful hardwood floors, exposed beams, tall ceilings and natural light. Only two blocks away from the NewBo District and surrounded by amenities. Tenants include a salon, interior design studio, chiropractor, architecture studio, two landscape architecture studios, law firm, fitness studio, masonry construction company, logistics company, massage therapist. An opportunity for an owner/ occupant with 1,648 SF available on the top floor. The adjacent parking lot, parcel #14281-37002-00000 is included in this sale. Please contact Listing Agent for rent roll information and a list of reserved prospects.

Property

  • County: Linn
  • Lot Size: .386 Ac
  • Acres: 0.3860
  • Year Built: 1919
  • Zoning: UDC
  • Gross tax: $30,452.00

Building

Total Building SF: 25,200

Utilities

Utilities: Electricity Available, Natural Gas Available
Heating/Cooling: Central Heat, Central Air
Water Source: City Water
Sewer: City Sewer

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