Skip To Content

901 Oakland Road NE

Cedar Rapids, IA 52402
  • $1,065,000
  • STATUS: Active
  • ON SITE: 229 Days
  • MLS #: 2304704
UPDATED: 68 min ago
$1,065,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
County:
Area:

School Ratings & Info

Description

Listing also includes 112/115 29th St NE and 2900/2912 1st Ave NE, Cedar Rapids. 4 historic properties restored by seller creating unique spaces for 5 commercial businesses and 5 apartments ranging from a studio to 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 First Avenue NE. 10 car overflow parking lot at 115 29th Street NE. 100% leased with lease rates increasing annually. Gross income projected at $135,000 for 2023. Owners will consider individual property sales of 901 Oakland Rd NE, $285,000; 2900/2912/115 29th Street NE, $625,000 and 112 29th Street NE, $195,000. Additional parcel #s, 14113-53007-00000, 14142-27002-00000, 1411-53006-00000

Monthly Payment Calculator

© 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/141598816
Print Image

901 Oakland Road NE Cedar Rapids, IA 52402

  • Price: $1,065,000
  • Status: Active
  • On Site: 229 Days
  • Updated: 68 min ago
  • MLS #: 2304704
0
Beds
0
Baths
0
½ Baths
N/A
Acres
Neighborhood:
NE Quadrant
County:
Linn
Area:
NE Quadrant
Property Description
Listing also includes 112/115 29th St NE and 2900/2912 1st Ave NE, Cedar Rapids. 4 historic properties restored by seller creating unique spaces for 5 commercial businesses and 5 apartments ranging from a studio to 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 First Avenue NE. 10 car overflow parking lot at 115 29th Street NE. 100% leased with lease rates increasing annually. Gross income projected at $135,000 for 2023. Owners will consider individual property sales of 901 Oakland Rd NE, $285,000; 2900/2912/115 29th Street NE, $625,000 and 112 29th Street NE, $195,000. Additional parcel #s, 14113-53007-00000, 14142-27002-00000, 1411-53006-00000
Exterior Features

Construction Materials BlockFrameConcrete Parking Features Off Street Roof AsphaltMembraneShingle

Interior Features

Basement YN Yes Cooling Central Air Cooling YN Yes Flooring CarpetWood Heating Central Heating YN Yes

Property Features

Electric 220 Volts Lease Considered YN No Property Sub Type Investment Sewer Public Sewer Tax Annual Amount 0 Tenant Pays ElectricityHeatJanitorial ServiceTrash Collection Utilities Electricity AvailableNatural Gas Available Water Source Public Zoning Description Varies

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.
 
Logo
Lepic Elite Home Team | Lepic-Kroeger, Realtors
2346 Mormon Trek Blvd
Iowa City IA, 52246