1229-1245 1st AVE SE, Cedar Rapids, IA 52403
1229-1245 1st AVE SE, Cedar Rapids, IA 52403
1229-1245 1st AVE SE, Cedar Rapids, IA 52403
1229-1245 1st AVE SE, Cedar Rapids, IA 52403
1229-1245 1st AVE SE, Cedar Rapids, IA 52403
1229-1245 1st AVE SE, Cedar Rapids, IA 52403
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Tony Lueken

Tony Lueken

+1(319) 480-3875
$ 1,685,000
Est. payment | /mo

15,526 SqFt

Save Virtual Tour
$ 1,685,000
Est. payment | /mo
Save Virtual Tour

15,526 SqFt

Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active

Purchase Type For Sale

Square Footage 15,526 sqft

Price per Sqft $108

MLS Listing ID 2408471

HOA Y/N No

Total Fin. Sqft 15526

Year Built 1955

Annual Tax Amount $31,460

Lot Size 0.900 Acres

Acres 0.9

Property Sub-Type 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.

Location

State IA

County Linn

Area Se Quadrant

Zoning Urban

Interior

Interior Features Storage

Heating Gas

Cooling Central Air

Flooring Carpet, Concrete

Inclusions Building, Land

Fireplace No

Window Features Display Window(s)

Exterior

Parking Features Off Street

Utilities Available Electricity Available, Natural Gas Available

Water Access Desc Public

Roof Type Membrane

Building

Building Description Block,Concrete, Kitchen Facilities,Loading Dock,Multi-Tenant,Private Restrooms,Pole Sign

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

Structure Type Block,Concrete

Others

Tax ID 1422257004-14225700800000

Acceptable Financing Cash

Listing Terms Cash

Virtual Tour https://www.propertypanorama.com/instaview/cdr/2408471

Listed by SKOGMAN REALTY COMMERCIAL

NEARBY SCHOOL & BUSINESS

Tony Lueken

+1(319) 480-3875

tony@luekenre.com

4515 N River Blvd NE, Cedar Rapids, IA, 52411, USA

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1229-1245 1st AVE SE