Properties

PROPERTY DETAILS
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.

Property Type : Commercial Sale
Listing ID : 2408471
Listing Type : For Sale
Price : $1,685,000
Year Built : 1955
Lot Area : 0.90 Acre
Building Area Total : 15526
Lease Amount Unit : Dollars Per Square Foot
Property Type : Investment
Area : SE Quadrant
Listing Status : Active
Property Sub Type : Investment
Roof : Membrane
Property Subtype : Investment
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.

Features
: Off Street
: Concrete , Carpet
: Storage
: Public Sewer
: Electricity Available , Natural Gas Available
: Display Window(s)
Address Map
US
IA
Linn
Cedar Rapids
52403
1st
1229-1245
Avenue
1st Ave to 1229
SE Quadrant
SE
Urban
More Information
SKOGMAN REALTY COMMERCIAL
Tiffany Earl Williams
$0
$0
$0
Additional Information
: Block , Concrete
220 Volts
: One
.9 Acres
2024-12-17
1
: Public
Financial
31460.0
Listing Information
earltiffany121
CSKN05
Cash
Active
2024-12-18T17:13:19Z
CDR
2024-12-17T15:34:38Z

1229-1245 1st Avenue Se, Cedar Rapids, Iowa 52403

1229-1245 1st Avenue Se, Cedar Rapids, Iowa 52403

  • Lot Area: 0.90 Acre
List Price: $1,685,000.00
Listing ID#2408471
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Q4 Agents

JASON ROGERS

Broker

1950 Boyson Road Hiawatha, Iowa 52233

Contact Jason Rogers:

319-361-3958 jrogers@Q4realestate.com

CRAIG BYERS

Realtor, CCIM

1950 Boyson Road Hiawatha, Iowa 52233

Contact Craig Byers:

319-360-7017 cbyers@Q4realestate.com

AUSTIN GEASLAND

Realtor

1950 Boyson Road Hiawatha, Iowa 52233

Contact Austin Geasland:

319-893-3279 ageasland@Q4realestate.com

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