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Cedar Rapids Commercial Portfolio 3 Properties Offered at $872,450 CAD in Cedar Rapids, IA
INVESTMENT HIGHLIGHTS
- Great value add opportunity
EXECUTIVE SUMMARY
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 $90,000 for 2023. Owners will consider individual property sales of 2900/2912/115 29th St NE, $625,000; and 112 29th St NE, $195,000.
PROPERTY FACTS
| Price | $872,450 CAD | Number of Properties | 3 |
| Price / SF | $121.06 CAD / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 7,207 SF |
| Status | Active | Total Land Area | 0.78 AC |
| Price | $872,450 CAD |
| Price / SF | $121.06 CAD / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 7,207 SF |
| Total Land Area | 0.78 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 115 29th St NE, Cedar Rapids, IA 52402 | Land | 0.10 AC | - | - |
|
A
2900 1st Ave NE, Cedar Rapids, IA 52402 |
Retail | 6,513 SF | 1930 | - |
| 2912 1st Ave NE, Cedar Rapids, IA 52402 | Retail | 694 SF | 1926 | - |
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
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Cedar Rapids Commercial Portfolio
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