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Skogman Realty Logo Active Commercial Retail

1229 1st Avenue Southeast, Cedar Rapids, Iowa, 52402, USA

USD $1,685,000
Reference ID: 2408471 Web ID: ifkmc
  • Located in Cedar Rapids MedQuarter

  • Four buildings on 1st Ave SE

  • Adjacent parking lot included

  • Renovated in 2021

  • Situated across from Coe College

Explore this exceptional income-producing investment opportunity in the heart of the MedQuarter, a core district in the heart of Cedar Rapids. Boasting four buildings and a parking lot situated contiguously on 1st Ave SE. Strategically located directly across 1st Ave from Coe College and in an opportunity zone, this property offers immense potential for entrepreneurs and investors alike. Renovated in 2021, this property has been updated to offer a modern and accommodating environment for businesses. Currently, the property features four leased buildings for businesses plus on-site parking with street access for each. With its diverse income streams, prime location, and recent renovations, this property represents a compelling investment opportunity. Whether you are looking to expand your portfolio, generate passive income, or capitalize on the thriving local market, this property is a must-see that promises both versatility and profitability.
  • Transaction Type: Commercial
  • Property Type: Retail
  • Status: Active
  • Area: 15,526 sf
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Businesses Nearby

Midtown Reserve

(0.5 miles away)

350 First

(0.7 miles away)

The Map Room

(0.7 miles away)

CITYWALK EATERY

(0.8 miles away)

The District CR

(0.8 miles away)

Cobble Hill

(0.8 miles away)

The Fireside Tavern

(0.9 miles away)

Black Sheep Social Club

(0.9 miles away)

Crosby's

(1 mile away)

LP - Street Food

(1 mile away)
Public Transportation

Neighborhood Transportation Service (NTS)

(0.8 miles away)

Ground Transportation Center

(0.8 miles away)

Windstar Lines

(5 miles away)

Burlington Trailways

(7 miles away)

Greyhound: Bus Station

(7 miles away)
Airports

Cedar Rapids Municipal Airport

(7 miles away)
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Property Highlights

  • Located in Cedar Rapids MedQuarter

  • Four buildings on 1st Ave SE

  • Adjacent parking lot included

  • Renovated in 2021

  • Situated across from Coe College