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116/118 3rd Avenue SE

Cedar Rapids, IA 52401
  • $2,100,000
  • STATUS: Active
  • ON SITE: 826 Days
  • MLS #: 2209289
UPDATED: 68 min ago
$2,100,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 53,706
    SQFT
  • $39
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1918
County:
Area:

School Ratings & Info

Description

Renovated 8 story and 2 story office buildings in the center of downtown revitalization. Many floors and common areas remodeled with long term track record of 85-95% occupancy. Revenue of $406,000 received in 2022 with potential of additional $60,000/year. Connection to skyway system plus several tenant amenities. Renovation project recent completed to create ADA toilets/access plus exterior painting of windows, canopy/soffit, new roof and fire escape update. Great opportunity for continued revenue growth. CA required for qualified buyers. Owners are licensed Real Estate agents in Iowa.

Monthly Payment Calculator

© 2025 Cedar Rapids Area Association of REALTORS® Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Rosekrans Stines Team | RE/MAX Concepts. Data last updated: 2025-01-24T10:42:54.15.
www.realtybrotherscr.com/homes/134108674
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116/118 3rd Avenue SE Cedar Rapids, IA 52401

  • Price: $2,100,000
  • Status: Active
  • On Site: 826 Days
  • Updated: 68 min ago
  • MLS #: 2209289
0
Beds
0
Baths
0
½ Baths
N/A
Acres
53,706
SQFT
$39
$/SQFT
1918
Built
Neighborhood:
SE Quadrant
County:
Linn
Area:
SE Quadrant
Property Description
Renovated 8 story and 2 story office buildings in the center of downtown revitalization. Many floors and common areas remodeled with long term track record of 85-95% occupancy. Revenue of $406,000 received in 2022 with potential of additional $60,000/year. Connection to skyway system plus several tenant amenities. Renovation project recent completed to create ADA toilets/access plus exterior painting of windows, canopy/soffit, new roof and fire escape update. Great opportunity for continued revenue growth. CA required for qualified buyers. Owners are licensed Real Estate agents in Iowa.
Exterior Features

Construction Materials Frame Roof Membrane

Interior Features

Basement YN Yes Cooling Central Air Cooling YN Yes Flooring Carpet Heating Central Heating YN Yes Window Features Display Window(s)

Property Features

Building Features Elevator(s) Multi- Tenant Private Restrooms Business Name Higley Building Electric 220 Volts Inclusions See Remarks Lease Considered YN No Listing Terms Cash Possession Subject To Tenant Rights Property Sub Type Office Property Sub Type Additional Office Investment Sewer Public Sewer Tax Annual Amount 62162 Utilities Electricity Available Natural Gas Available Water Source Public Zoning Urban Zoning Description Urban

Listing information © 2025 Cedar Rapids Area Association of REALTORS® Multiple Listing Service.
Listing provided courtesy of Scott Olson of SKOGMAN REALTY COMMERCIAL: 319-363-8286.
© 2025 Cedar Rapids Area Association of REALTORS® Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Rosekrans Stines Team | RE/MAX Concepts. Data last updated: 2025-01-24T10:42:54.15.
 
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Rosekrans Stines Team | RE/MAX Concepts
5235 Buffalo Ridge Dr
Cedar Rapids IA, 52411