$1,685,000

1229-1245 1st Avenue SE, Cedar Rapids, IA 52403

15,526 sqft

Commercial Property
Built in 1955
0.9acre lot
—— car garage
$109/sqft
Listed 10 months ago

Property Description

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.

Listing Status:: Active
Date Added:: December 17, 2024 at 06:00AM
Listing Office:: SKOGMAN REALTY COMMERCIAL : 319-363-8286
Listing Agent:: Tiffany Earl Williams-WSG CRE : 319-730-5732
MLS ID:: 2408471

General: Storage
Flooring: CarpetConcrete
A/C: Central Air
Heating: Gas

Parking: Off Street

Roofing: Membrane
Windows: Display Window(s)
General: BlockConcrete1

Originating MLS: CDR
County: Linn

Zoning: UrbanAs per abstracts1422257004-14225700800000

Utilities: Electricity AvailableNatural Gas Available220 Volts
Water: Public
Sewer: Public Sewer

Source: CDR

This listing courtesy of Tiffany Earl Williams-WSG CRE, SKOGMAN REALTY COMMERCIAL

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Johnson STEAM Academy

355 18th St SE, Cedar Rapids, IA, 52403

Grades KG-5

0.60 miles away

McKinley Middle School

620 10th St SE, Cedar Rapids, IA, 52403

Grades 6-8

0.43 miles away

Metro High School

1212 7th St SE, Cedar Rapids, IA, 52401

Grades 9-12

0.88 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.