2100 1st AVE NE, Cedar Rapids, IA 52402
2100 1st AVE NE, Cedar Rapids, IA 52402
2100 1st AVE NE, Cedar Rapids, IA 52402
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$695,000
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15,620 SqFt
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2100 1st AVE NE Cedar Rapids, IA 52402

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Tim Scherbring

Tim Scherbring

+1(319) 361-5111

UPDATED:

Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active

Purchase Type For Sale

Square Footage 15,620 sqft

Price per Sqft $44

MLS Listing ID 2604628

HOA Y/N No

Total Fin. Sqft 15620

Year Built 1975

Lot Size 1.181 Acres

Acres 1.181

Property Sub-Type Investment

Property Description

Net Lease investment property at the corner of 1st Avenue NE and 21st St. NE/Cottage Grove SE. Currently fully leased to a single tenant and listed at an 8.6% cap rate, the property provides short-term investment income with owner flexibility to renew the lease or convert to owner-occupancy at the end of the term. Contact listing agent for landlord responsibilities. With a striking sanctuary, classrooms, meeting rooms, and offices, this property is well suited for future assembly and educational uses and boasts some of the highest traffic counts in our market. 48-hour notice to show.

Location

State IA

County Linn

Area Ne Quadrant

Zoning T-R1

Interior

Interior Features InteriorFeatures

Heating Central, Gas

Cooling Central Air

Flooring Carpet

Inclusions Building, Land

Fireplace No

Exterior

Parking Features Off Street

Utilities Available Electricity Available, Natural Gas Available

Water Access Desc Public

Roof Type Asphalt,Shingle

Building

Building Description Block,Frame,Concrete, Elevator(s),Kitchen Facilities,Private Restrooms,Single-Tenant

Sewer Public Sewer

Water Public

Structure Type Block,Frame,Concrete

Others

Tax ID 141540500500000

Acceptable Financing Cash

Listing Terms Cash

Virtual Tour https://www.propertypanorama.com/instaview/cdr/2604628

Listed by SKOGMAN REALTY COMMERCIAL

NEARBY SCHOOL & BUSINESS

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Tim Scherbring

Tim Scherbring

Broker Associate | License ID: 61218000

+1(319) 361-5111

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2100 1st AVE NE