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Cedar Rapids Mixed Use Portfolio 3 Properties Offered at $625,000 in Cedar Rapids, IA
Executive Summary
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).
Property Facts
| Price | $625,000 | Number of Properties | 3 |
| Price / SF | $86.72 / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 7,207 SF |
| Status | Active | Total Land Area | 0.78 AC |
| Price | $625,000 |
| Price / SF | $86.72 / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 7,207 SF |
| Total Land Area | 0.78 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 115 29th St NE, Cedar Rapids, IA 52402 | Land | 0.10 AC | - | - |
|
A
2900 1st Ave NE, Cedar Rapids, IA 52402 |
Retail | 6,513 SF | 1930 | - |
| 2912 1st Ave NE, Cedar Rapids, IA 52402 | Retail | 694 SF | 1926 | - |
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Cedar Rapids Mixed Use Portfolio
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