116/118 3rd AVE SE Active Save Request In-Person Tour Request Virtual Tour
Cedar Rapids,IA 52401
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 53,706 sqft
Price per Sqft $36
MLS Listing ID 2209289
HOA Y/N No
Total Fin. Sqft 53706
Year Built 1918
Annual Tax Amount $62,162
Property Sub-Type Office
Property Description
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.
Location
State IA
County Linn
Area Se Quadrant
Zoning Urban
Interior
Interior Features InteriorFeatures
Heating Central
Cooling Central Air
Flooring Carpet
Inclusions See Remarks
Fireplace No
Window Features Display Window(s)
Exterior
Utilities Available Electricity Available,Natural Gas Available
Water Access Desc Public
Roof Type Membrane
Building
Building Description Frame, Elevator(s),Multi-Tenant,Private Restrooms
Sewer Public Sewer
Water Public
Structure Type Frame
Others
Tax ID 142820100400000*
Acceptable Financing Cash
Listing Terms Cash
Virtual Tour https://www.propertypanorama.com/instaview/cdr/2209289