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1229-1233 1st Avenue SE Cedar Rapids, IA 52403 • Commercial - Office • Active

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Description

A strong owner-user opportunity in Cedar Rapids’ MedQuarter at 1229-1233 1st Avenue SE, directly across from Coe College. This 7,450 SF multi-tenant office property is partially leased, so a buyer can occupy the space they need today while existing tenants help offset ownership costs. Vacant space also leaves room for future expansion or added income through value-add leasing. Off-street parking will be available through an REA being established by current ownership. Well maintained with on-site management, excellent 1st Avenue visibility, Urban zoning, and quick access to downtown and I-380

Property Highlights

Property Type: Commercial - Office
Building Description: 1.0 stories
Year Built: 1956

General Information

County: Linn
Listed By:
Skogman Realty Co Tiffany Earl Williams-WSG CRE 319-363-8286
Cedar Rapids MLS
$525,000
Est. $3,643/mo
Active
SQUARE FEET7,450 MLS#2606833
STATUSActive PROPERTY TYPECommercial - Office
TOUR PROPERTY

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Agent Name: Callie Miller
 Agent Phone: (563) 676-9109
 Agency Title: Ruhl&Ruhl Realtors
 Agent Email:

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1229-1233 1st Avenue Se, Cedar Rapids, IA 52403.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $525,000$525,000$525,000
Down Payment $105,000$18,375$131,250
Monthly Mortgage Amount $2,759$3,386$3,403
Taxes $731$731$731
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$231$0
Monthly Estimated Total $3,643$4,501$4,287

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