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116/118 3rd Avenue Cedar Rapids, IA 52403

Price: $2,175,000.00

Property

Subtype: Commercial

Area: SE Quadrant

Lot Size: 8,400

Acres: 0.0000

Year Built: 1918

Zoning: Urban

Gross Tax: 61,558

County: Linn

Utilities

Electric, Gas

Heating: Central Air,Central Heat

Cooling: Central Air,Central Heat

Power Available: 220 Volt

Building

Total Building Sq Ft: 53,706

Ceiling Height: 7ft-10ft

Floor Type: Carpet

Lease Terms

Tenant Pays: Electricity

Renovated historic office building in the center of the downtown revitalization. Many floors recently remodeled with great long term track record of 90-95% occupancy. Projected revenue of $440,000 in 2019. Connection to Skyway system plus several tenant amenities. Renovation project just completed to create ADA toilets/access plus exterior painting of windows, canopy/soffit, new roof and fire escape updates. Great opportunity for continued revenue growth plus assignable competitive loan possible. CA required for qualified buyers. Owners are licensed real estate brokers in Iowa.

Listing Agent: Scott Olson Office: SKOGMAN REALTY COMMERCIAL Data courtesy of Cedar Rapids Area Association of Realtors MLS