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116/118 3rd SE Avenue, Cedar Rapids, IA 52401
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$1,975,000
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Home Details for 116/118 3rd SE Avenue
Price
$1,975,000
Type
Commercial/Industrial
Year Build
1918
Sq. Ft.
53706
County
Linn
Tax
$62,162
MLS®️ Listing#
2209289
On exitrealty.com
1077 days
Property Description
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.
- Utilities
- Electricity Available
- Natural Gas Available
- Cooling Information
- Central Air
- Heating Information
- Central
- Water Features
- Public
- House Interior
- Elevator
Listing Courtesy: SKOGMAN REALTY COMMERCIAL - 319-363-8286. Presented by: Scott E Olson
The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the Cedar Rapids Area Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright ©2025 Cedar Rapids Area Association of REALTORS®. All Rights Reserved.
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$1,975,000
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EXIT EASTERN IOWA REAL ESTATE
1965 51st St. N.E Suite A, Cedar Rapids, IA 52402