Cedar Rapids Mixed Use Portfolio FOR SALE


Cedar Rapids, IA
$625,000 USD
319-247-5000
, Cedar Rapids, IA for Sale
$625,000 USD
FOR SALE
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Cedar Rapids Mixed Use Portfolio
Cedar Rapids, IA


OVERVIEW

Two historic properties restored by seller creating five (5) unique spaces. Three (3) commercial businesses and two (2) apartments (a 1-bedroom and 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. A ten (10) car overflow parking lot is included and located across 29th street at 115 29th St NE. The buildings are 100% leased with annual rent escalations. The gross income is projected to be $67,000 in 2026. Contract sale terms are available for a qualified Buyer (5% interest rate, 20 yr mortgage amortization, and a 3 yr principal balloon).

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Douglas LairdSkogman CompaniesMore Info
319-247-5000

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Douglas LairdSkogman CompaniesMore Info
319-247-5000

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