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97 3rd Avenue SE

Cedar Rapids, IA 52401
  • $12,400,000
  • STATUS: Active
  • ON SITE: 143 Days
  • MLS #: 2507256
UPDATED: 54 min ago
$12,400,000
  • 0
    BEDS
  • 0.66
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 94,760
    SQFT
  • $131
    $/SQFT
Neighborhood:
SE Quadrant
Type:
Commercial
Built:
1904
County:
Linn
Area:
SE Quadrant

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Description

Exceptionally Restored Historic Five Story Building on the river front and in the heart of downtown Cedar Rapids. Building construction is brick, steel and concrete with extensive renovations in 2016 including solar, high efficiency HVAC, elevators, roof, & windows. 32 stabilized market rate apartments, 61,500 SF of redeveloped commercial space that is 65% occupied with long-term tenants, 48 interior parking stalls provide additional income. The vacant commercial space is finished and furnished. Contact listing agent for NDA.

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© 2026 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: 2026-01-16T10:42:42.587.
www.realtybrotherscr.com/homes/167297551
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97 3rd Avenue SE Cedar Rapids, IA 52401

  • Price: $12,400,000
  • Status: Active
  • On Site: 143 Days
  • Updated: 54 min ago
  • MLS #: 2507256
0
Beds
0
Baths
0
½ Baths
0.66
Acres
94,760
SQFT
$131
$/SQFT
1904
Built
Neighborhood:
SE Quadrant
County:
Linn
Area:
SE Quadrant
Property Description
Exceptionally Restored Historic Five Story Building on the river front and in the heart of downtown Cedar Rapids. Building construction is brick, steel and concrete with extensive renovations in 2016 including solar, high efficiency HVAC, elevators, roof, & windows. 32 stabilized market rate apartments, 61,500 SF of redeveloped commercial space that is 65% occupied with long-term tenants, 48 interior parking stalls provide additional income. The vacant commercial space is finished and furnished. Contact listing agent for NDA.
Exterior Features

Exterior Features Sprinkler / Irrigation Parking Features Off Street Roof Membrane

Interior Features

Basement YN Yes Cooling Central Air Cooling YN Yes Flooring Concrete Wood Heating Central Gas Heating YN Yes Window Features Display Window(s)

Property Features

Building Features Elevator(s) Loading Dock Multi- Tenant Overhead Doors Private Restrooms Business Name Smulekoffs Inclusions Building Land Lease Considered YN No Listing Terms Cash Possession Negotiable Property Sub Type Investment Property Sub Type Additional Investment Sewer Public Sewer Tax Annual Amount 168866 Utilities Electricity Available Natural Gas Available Water Source Public Zoning U- DC Zoning Description U- DC

Listing information © 2026 Cedar Rapids Area Association of REALTORS® Multiple Listing Service.
Listing provided courtesy of Brian Rosteck of SKOGMAN REALTY COMMERCIAL: 319-363-8286.
© 2026 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: 2026-01-16T10:42:42.587.
 
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Rosekrans Stines Team | RE/MAX Concepts
5235 Buffalo Ridge Dr
Cedar Rapids IA, 52411