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Skogman Realty Logo Active Commercial Office

116 3rd Avenue Southeast, Cedar Rapids, Iowa, 52401, USA

USD $1,975,000
Reference ID: 2209289 Web ID: o7y74
  • 8-story and 2-story office buildings

  • Located in downtown revitalization center

  • Renovated floors and common areas

  • Connection to skyway system

  • Recent ADA upgrades and exterior improvements

Renovated 8 story and 2 story office buildings in the center of downtown revitalization. Many floors and common areas remodeled with long term track record of 85-95% occupancy. Revenue of $406,000 received in 2022 with potential of additional $60,000/year. Connection to skyway system plus several tenant amenities. Renovation project recent completed to create ADA toilets/access plus exterior painting of windows, canopy/soffit, new roof and fire escape update. Great opportunity for continued revenue growth. CA required for qualified buyers. Owners are licensed Real Estate agents in Iowa.
  • Transaction Type: Commercial
  • Property Type: Office
  • Status: Active
  • Area: 53,706 sf
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Businesses Nearby

Cobble Hill

(0.5 miles away)

Need Pizza

(0.5 miles away)

CITYWALK EATERY

(0.1 miles away)

The Map Room

(0.2 miles away)

350 First

(0.2 miles away)

Black Sheep Social Club

(0.3 miles away)

Midtown Reserve

(0.4 miles away)

LP - Street Food

(0.4 miles away)

Crosby's

(0.6 miles away)

Brewhemia

(0.7 miles away)
Public Transportation

Ground Transportation Center

(0.1 miles away)

3rd Ave at County Courthouse

(0.2 miles away)

Neighborhood Transportation Service (NTS)

(0.5 miles away)

Burlington Trailways

(6 miles away)

Greyhound: Bus Station

(6 miles away)
Airports

Eastern Iowa Airport

(7 miles away)
Contact Skogman Realty
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Property Highlights

  • 8-story and 2-story office buildings

  • Located in downtown revitalization center

  • Renovated floors and common areas

  • Connection to skyway system

  • Recent ADA upgrades and exterior improvements