5005 Bowling St SW - Loft/Creative Space FOR SALE


Cedar Rapids, IA 52404
$1,995,000 USD
319-731-3400
5005 Bowling St SW, Cedar Rapids, IA for Sale
$1,995,000 USD
Loft/Creative Space - FOR SALE
1/20
null | 4.57% Cap Rate

5005 Bowling St SW
Cedar Rapids, IA 52404


HIGHLIGHTS

  • Located in established professional business area.

OVERVIEW

This office investment is well-suited for an owner-user seeking supplemental income. The property is currently configured as a three-tenant building, with two established healthcare tenants in place occupying 58% of the space. The remaining 9,980 SF is available for an owner occupant, offering the opportunity to build equity while benefiting from existing rental income. Both tenants are regional healthcare providers with multiple locations across the Midwest.

FOR SALE DETAILS

PRICE

$1,995,000 USD

PRICE/SF

$115 USD /SF

CAP RATE

4.57%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

69

LAND DETAILS

LAND ACRES

2.84 AC

LAND SF

123,710 SF

ZONING

S-MC

APN/PARCEL ID

19102-52002-00000

ASK ABOUT THIS PROPERTY

Angie GlickGLD CommercialMore Info
319-731-3400

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Angie GlickGLD CommercialMore Info
319-731-3400

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.