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2525 16th Avenue SW

Cedar Rapids, IA 52404
  • $995,000
  • STATUS: Active
  • ON SITE: 229 Days
  • MLS #: 2304705
UPDATED: 51 min ago
$995,000
  • 0
    BEDS
  • 2.58
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 17,002
    SQFT
  • $59
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1949
County:
Area:

School Ratings & Info

Description

Unique restoration of a historic Herman Brown Sale and Maintenance facility. Recently renovated into contractor suites plus fenced exterior storage facility of approximately 2 acres +/-. 100% leased to 9 tenants with additional vehicle/truck parking available for lease that has the potential of $750/mo in revenue. Easy access to Hwy 30 and I-380. Great visibility for a small business plus access to shared locker room, toilets, break room and conference space. Gross rental income projected at $130,000 for 2023. Partial owner is a licensed agent in Iowa.

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© 2024 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 Lepic Elite Home Team | Lepic-Kroeger, Realtors. Data last updated: 2024-03-04T21:42:44.677.
www.lepicelite.com/homes/141598815
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2525 16th Avenue SW Cedar Rapids, IA 52404

  • Price: $995,000
  • Status: Active
  • On Site: 229 Days
  • Updated: 51 min ago
  • MLS #: 2304705
0
Beds
0
Baths
0
½ Baths
2.58
Acres
17,002
SQFT
$59
$/SQFT
1949
Built
Neighborhood:
SW Quadrant
County:
Linn
Area:
SW Quadrant
Property Description
Unique restoration of a historic Herman Brown Sale and Maintenance facility. Recently renovated into contractor suites plus fenced exterior storage facility of approximately 2 acres +/-. 100% leased to 9 tenants with additional vehicle/truck parking available for lease that has the potential of $750/mo in revenue. Easy access to Hwy 30 and I-380. Great visibility for a small business plus access to shared locker room, toilets, break room and conference space. Gross rental income projected at $130,000 for 2023. Partial owner is a licensed agent in Iowa.
Exterior Features

Construction Materials BlockConcrete Fencing Fenced Levels One Parking Features Off Street Roof MembraneMetal Stories Total 1

Interior Features

Basement YN No Cooling NoneCentral Air Cooling YN No Flooring Concrete Heating NoneCentral Heating YN No Interior Features Storage

Property Features

Electric 220 Volts Lease Considered YN No Property Sub Type Industrial Sewer Public Sewer Tax Annual Amount 24606 Tenant Pays Trash Collection Utilities Electricity AvailableNatural Gas Available Water Source Public Zoning Description SMUCC

Listing information © 2024 Cedar Rapids Area Association of REALTORS® Multiple Listing Service.
Listing provided courtesy of Scott Olson of SKOGMAN REALTY COMMERCIAL: 319-363-8286.
© 2024 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 Lepic Elite Home Team | Lepic-Kroeger, Realtors. Data last updated: 2024-03-04T21:42:44.677.
 
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