Cedar Rapids Commercial Portfolio Retail FOR SALE


Cedar Rapids, IA
$1,065,000 USD
319-247-5000
, Cedar Rapids, IA for Sale
$1,065,000 USD
Retail - FOR SALE
1/4
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Cedar Rapids Commercial Portfolio
Cedar Rapids, IA


HIGHLIGHTS

  • Great value add opportunity

OVERVIEW

Four historic properties restored by seller creating unique spaces for 5 commercial businesses and 5 apartments ranging from a studio to a 3 bedroom. Numerous improvements to the buildings and exterior parking. All new streets/sidewalks by the city. Plus a major trail connection next to 2900 1st Ave NE. 10 car overflow parking lot at 115 29th St NE. 100% leased with lease rates increasing annually. Gross income projected at $135,000 for 2023. Owners will consider individual property sales of 901 Oakland Rd NE, $285,000; 2900/2912/115 29th St NE, $625,000; and 112 29th St NE, $195,000.

ASK ABOUT THIS PROPERTY

Scott OlsonSkogman CompaniesMore Info
319-247-5000

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Scott OlsonSkogman CompaniesMore Info
319-247-5000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.