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Cedar Rapids Commercial Portfolio

4 Retail Properties Offered at $1,065,000 in Cedar Rapids, IA

Retail Space Iowa Cedar Rapids Cedar Rapids Commercial Portfolio

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 $135,000 for 2023. Owners will consider individual property sales of 901 Oakland Rd NE, $285,000; 2900/2912/115 29th St NE, $625,000; and 112 29th St NE, $195,000.

Attachments

901 Oakland Rd (1)

Property Facts

Price $1,065,000 Number of Properties 4
Price / SF $73.85 / SF Individually For Sale 0
Cap Rate 12.68% Total Building Size 14,422 SF
Sale Type Investment Total Land Area 1.23 AC
Status Active
Price $1,065,000
Price / SF $73.85 / SF
Cap Rate 12.68%
Sale Type Investment
Status Active
Number of Properties 4
Individually For Sale 0
Total Building Size 14,422 SF
Total Land Area 1.23 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
112 29th St NE, Cedar Rapids, IA 52402 Retail 1,715 SF 1905 -
901 Oakland Rd NE, Cedar Rapids, IA 52402 Retail 5,500 SF 1913 -
B
2900 1st Ave NE, Cedar Rapids, IA 52402 		Retail 694 SF 1926 -
A
2900 1st Ave NE, Cedar Rapids, IA 52402 		Retail 6,513 SF 1930 -
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(319) 247-5000

Contact

  • Listing ID: 29188502

  • Date on Market: 8/4/2023

  • Last Updated:

  • Address: Cedar Rapids Commercial Portfolio, Cedar Rapids, IA

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

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Cedar Rapids Commercial Portfolio portfolio of 4 properties for sale on LoopNet.com Primary Photo- Image 1 of 5
112 29th St NE
Cedar Rapids Commercial Portfolio portfolio of 4 properties for sale on LoopNet.com Primary Photo- Image 2 of 5
2900 1st Ave NE
Cedar Rapids Commercial Portfolio portfolio of 4 properties for sale on LoopNet.com Primary Photo- Image 3 of 5
2900 1st Ave NE
Cedar Rapids Commercial Portfolio portfolio of 4 properties for sale on LoopNet.com Primary Photo- Image 4 of 5
901 Oakland Rd NE

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Cedar Rapids Commercial Portfolio
(319) 247-5000 x

Cedar Rapids Commercial Portfolio

Scott Olson

(319) 247-5000

(319) 247-5000

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