IA > Cedar Rapids
Cedar Rapids, IA 52401,116/118 3rd AVE SE
Cedar Rapids, IA 52401,116/118 3rd AVE SE
Cedar Rapids, IA 52401,116/118 3rd AVE SE
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$1,975,000
Est. payment /mo
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53,706 SqFt
Active

116/118 3rd AVE SE Cedar Rapids, IA 52401

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John Szewc

John Szewc

+1(319) 981-2577

UPDATED:

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

Listed by SKOGMAN REALTY COMMERCIAL

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agent

John Szewc

Agent | License ID: 41777000

+1(319) 981-2577

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116/118 3rd AVE SE