1229-1245 1st Avenue SE, Cedar Rapids, IA 52403
MLS Number: 2408471 |
Subtype: Commercial | Area: SE Quadrant
$
1,685,000
Explore this exceptional income-producing investment opportunity in the heart of the MedQuarter, a core district in the heart of Cedar Rapids. Boasting four buildings and a parking lot situated contiguously on 1st Ave SE. Strategically located directly across 1st Ave from Coe College and in an opportunity zone, this property offers immense potential for entrepreneurs and investors alike. Renovated in 2021, this property has been updated to offer a modern and accommodating environment for businesses. Currently, the property features four leased buildings for businesses plus on-site parking with street access for each. With its diverse income streams, prime location, and recent renovations, this property represents a compelling investment opportunity. Whether you are looking to expand your portfolio, generate passive income, or capitalize on the thriving local market, this property is a must-see that promises both versatility and profitability.
Property
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County: Linn
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Lot Size: .9 Acres
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Acres: 0.9000
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Year Built: 1955
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Zoning: Urban
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Gross tax: $31,460.00
Building
Total Building SF: 15,526
Ceiling Height: 7ft-10ft
Utilities
Utilities: Electricity Available, Natural Gas Available
Heating/Cooling: Gas Heat, Central Air
Water Source: City Water
Sewer: City Sewer
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