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1229-1245 1st SE Avenue, Cedar Rapids, IA 52403
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$1,685,000
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Home Details for 1229-1245 1st SE Avenue
Price
$1,685,000
Type
Commercial/Industrial
Year Build
1955
Sq. Ft.
15526
Lot Size
0.9
County
Linn
Tax
$31,460
MLS®️ Listing#
2408471
On exitrealty.com
288 days
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.
- Utilities
- Electricity Available
- Natural Gas Available
- Cooling Information
- Central Air
- Heating Information
- Natural Gas
- Water Features
- Public
- House Interior
- Storage
- Parking
- Off Street
Listing Courtesy: SKOGMAN REALTY COMMERCIAL - 319-363-8286
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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$1,685,000
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EXIT EASTERN IOWA REAL ESTATE
1965 51st St. N.E Suite A, Cedar Rapids, IA 52402