116/118 3rd Avenue SE Cedar Rapids IA 52401
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116/118 3rd Avenue SE Cedar Rapids IA 52401
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.
Square Feet
53,706 Sq. Ft.
MLS#
2209289
Sale Price
$2,150,000.00
Status
Active
Property Type
Commercial Sale
Property Subtype
Office
Property Features
Taxes
$62,162
Property Descriptions
Parcel#
142820100400000*
Utilities
Electricity Available, Natural Gas Available
Sewer
Public Sewer
Water
Public
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