Properties

PROPERTY DETAILS
Property Description :

Investment Opportunity: Floor 2 for Sale! This fully-built-out salon on the second floor offers a premium setup for salon professionals. Features include: large windows, waiting/reception area, 12 stylist stations, 4 shampoo bowls, breakroom with laundry hookups, color mixing bar, 13 built-in lockers for storage, three rooms, two pedicure chairs and 7 additional salon suites down the hall providing extra rental income. Other amenities include an elevator and stair access, large vestibule with seating, mail station, sprinkler system, monitored fire alarms, security cameras and ample parking. The TIF Schedule has 7 years remaining at 95% which will transfer to the new owner. The investor is also selling Floor 1, though each floor is individually owned and parceled. An NDA is required to access financials. For showing instructions and other inquiries, please contact the listing agent.

Property Type : Commercial Sale
Listing ID : 2501376
Listing Type : For Sale
Price : $907,500
Year Built : 2016
Building Area Total : 5000
Lease Amount Unit : Dollars Per Square Foot
Property Type : Retail
Area : SE Quadrant
Listing Status : Active
Property Sub Type : Retail
Roof : Membrane
Property Subtype : Retail
Property Description

Investment Opportunity: Floor 2 for Sale! This fully-built-out salon on the second floor offers a premium setup for salon professionals. Features include: large windows, waiting/reception area, 12 stylist stations, 4 shampoo bowls, breakroom with laundry hookups, color mixing bar, 13 built-in lockers for storage, three rooms, two pedicure chairs and 7 additional salon suites down the hall providing extra rental income. Other amenities include an elevator and stair access, large vestibule with seating, mail station, sprinkler system, monitored fire alarms, security cameras and ample parking. The TIF Schedule has 7 years remaining at 95% which will transfer to the new owner. The investor is also selling Floor 1, though each floor is individually owned and parceled. An NDA is required to access financials. For showing instructions and other inquiries, please contact the listing agent.

Features
: Off Street
: Sprinkler/Irrigation
: Concrete
: Storage
: Public Sewer
: Electricity Available , Natural Gas Available
: Display Window(s)
Address Map
US
IA
Linn
Cedar Rapids
52401
12th
420
Avenue
12th Ave SE directly next to NewBo City Market, Across 12th Ave from the Geonetric Building
SE Quadrant
SE
Floor 2
U-NG
More Information
GLD COMMERCIAL
Rachel Waters
$0
$0
$0
Additional Information
: Block , Concrete , Stone Veneer , Pre-Cast Concrete
220 Volts
2025-03-03
5
5
https://www.propertypanorama.com/instaview/cdr/2501376
: Public
Financial
1396.0
Monthly
1
17452.0
Listing Information
Angie Glick
glickangie121
CGLDC
GLD COMMERCIAL
watersrachel121
CGLDC
Cash,1031 Exchange
Active
2025-03-04T21:25:14Z
CDR
2025-03-03T16:23:06Z

420 12th Avenue Se Floor 2, Cedar Rapids, Iowa 52401

420 12th Avenue Se Floor 2, Cedar Rapids, Iowa 52401

List Price: $907,500.00
Listing ID#2501376
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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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