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4747 1st Ave SE
Cedar Rapids, IA 52402
Quality Inn North - NEW PRICE!! · Hospitality Property For Sale
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25,181 SF
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Hotel | Year Built/Renovated | 1964/2017 |
| Building Class | B | Parking Ratio | 2.89/1,000 SF |
| Lot Size | 1.11 AC | Corridor | Interior |
| Building Size | 25,181 SF | ||
| Zoning | Commercial (C) | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.11 AC |
| Building Size | 25,181 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1964/2017 |
| Parking Ratio | 2.89/1,000 SF |
| Corridor | Interior |
| Zoning | Commercial (C) |
AMENITIES
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
ABOUT 4747 1ST AVE SE , CEDAR RAPIDS, IA 52402
$105,000 Price Reduction!! Cedar Rapids, Iowa - the second largest city in the state - is in one of the leading manufacturing regions in the United States. It is also one of the leading bio-processing and food ingredient centers in North America. Cedar Rapids is home to almost 300 different manufacturing plants and two dozen Fortune 500 companies, including Rockwell Collins, AEGON, General Mills, Cargill, Penford, Quaker Oats, Archer Daniels Midland and Nordstrom. Please follow this link for additional information on Cedar Rapids: http://www.cedar-rapids.org/discover_cedar_rapids/about_us/recognition_and_rankings.php The Quality Inn North is located a short distance from I-380, the interstate corridor that divides Cedar Rapids and connects to I-80 to the south. A significant amount of the new development, in north Cedar Rapids, is found along 1st Avenue. This very well-maintained Quality Inn is a 2017 Choice Hotel Gold Award Winner recipient. Many improvements have been made to the hotel, including newer case goods, carpet, paint, LED flat screen TV's, beds and top of bedding. The owner had the exterior of the hotel painted in 2017, as well as a NEW shut-off valve system & new hot water heater system installed. Guests also appreciate the updated breakfast area and lobby, plus the indoor pool. In addition to Cedar Rapids having a solid manufacturing and agricultural background, demand generators include Coe College (1400 enrollment) and Mount Mercy University (1800 enrollment), both 4-year liberal arts institutions. Lindale Mall, US Cellular Center and the Tuma Soccer Complex are also located a short distance from the hotel.
PROPERTY TAXES
| Parcel Number | 14024-04005-00000 | Improvements Assessment | $1,715,700 |
| Land Assessment | $408,000 | Total Assessment | $2,123,700 |
PROPERTY TAXES
